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  • Credit Underwriter

    Salary: Excellent Salary plus benefits
    Opening Date: 02/02/2024
    Industry:
    Type:
    Location:
    Reference: CU/RG/JO/02FEB

    Industry : Asset Finance and Block Funding

    Location : Basingstoke, largely office based with some flexibility

    Salary : Excellent salary, benefits and career opportunities

    We are looking for a Credit Underwriter with experience in Asset Finance, and Block Funding/ Structured Finance to join a fast growing lender The candidate will be required to analyse and assess credit proposals received from a panel of Brokers and Business Development managers.

    The job holder will be able to assess credit proposals within their delegated authority limit, make recommendations based on financial and non-financial performance and must be able to work to tight deadlines and adhere to a service levels and provide excellent customer service.

    Key tasks and responsibilities :

    • Guide, manage and coach junior underwriters
    • Evaluate a customer’s credit data and financial statements in order to determine the degree of risk involved in lending to them using key financial ratios.
    • Analyse affordability measures, financial crime risks and fraudulent applications
    • To assess and approve credit proposals within delegated authority and make Credit Management
    • Assess both Broker Introduced business and Structured Finance business against Policies and appetites.
    • Assess loan book trends and make recommendations to improve the risks to the Bank.
    • Review financial and non-financial covenants set or proposed for customers and provide recommendations.
    • Provide industry regulatory support and understanding to the business in order to strengthen future frameworks
    • Produce reports on trends, volumes and data relating to applications to senior management
    • Reconcile credit files and identify discrepancies
    • To build and maintain flexible working relationships with internal and external stakeholders
    • Adhere to credit policy, credit guidelines, service levels and his/her own delegated authority
    • Assist the COO in automation of credit process and decisioning where applicable

    Knowledge, Experience and Skills :

    • Proven experience working in a credit role within the financial services industry or specific asset finance experience
    • Understand the relevant UK Regulatory requirements relating to the provision of credit facilities in these jurisdictions including KYC processes
    • In depth understanding of financial statements, ratios, and principles of lending
    • Excellent interpersonal and communication skills are essential as this role will involve influencing at all levels
    • Knowledge of Block Discounting, purchase/assignment of receivables and wider Structured Finance products.
    • Possibly have experience of leading a team, and representing the Credit Dept. in meetings and at senior levels.

    Please contact Joanne for more information

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