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  • Credit Underwriter

    Salary: £39/£50k plus benefits
    Opening Date: 01/03/2024
    Industry:
    Type: ,
    Location:
    Reference: CU/MD/JC/1-Mar

    Title: Credit Underwriter – Asset Finance

    Location: Midlands (Hybrid)

    Salary: £39/£50k plus benefits

    Our client is a prestigious lender who have an exciting opportunity for a Credit Underwriter to join their Asset Finance Flow team on a hybrid basis. Successful applicant will provide support to the Head of Credit Asset Finance Flow and ensure that all applications comply with Lending Policy. The ideal candidate would be a self-motivated, Innovative, results orientated, a team player, and able to quickly build relationships.

    Responsibilities of the Credit Underwriter

    • Assess the credit and risk profiles of customers within the asset finance flow (AF flow) lending market, determining the acceptability of proposals, and providing recommendations or alternative solutions where appropriate
    • Conduct an independent assessment of each case and prepare the relevant documents for an informed decision to be made by the appropriate member.
    • Ensure the main influencing factors and sanctioning analysis is accurately recorded when reaching proposal recommendations/decisions.
    • Ensure compliance with Bank’s policies, procedures, and AF flow lending guidelines together with all appropriate regulatory and statutory requirements
    • Facilitate business development efforts through a proactive approach to credit proposals
    • Develop credit risk and industry/market expertise through both internal and external contacts with market participants, including due diligence and customer visits on an ad hoc basis.
    • Complete annual reviews for accounts required under Lending Policy and assist with the preparation of appropriate MI reports.

    Skills for the Credit Underwriter:

    • Experience in underwriting and working knowledge of lending principles, credit analysis for small ticket transactions.
    • Knowledge of the asset finance commercial environment and sector specialism including asset finance flow lending and the SME market
    • Excellent analytical and problem-solving skills.
    • An understanding of the relevant rules under the financial services acts.
    • The ability to interpret and implement relevant guidance, ensuring compliance and due regard is paid to the interests of customers and customers are treated fairly
    • A good understanding of Conduct Risk and Treating Customers Fairly requirements relevant to credit operation
    • Excellent communication skills and organisational skills.

    Benefits package for the Credit Underwriter includes:

    • 10% employer pension contribution
    • 10% Profit Share Bonus scheme
    • 30 days’ holiday plus Bank Holidays
    • Private Medical Insurance (AXA) including optical and dental cover from day one
    • Life Cover at 4x salary from day one

    … and more

    Please contact Jo for more details.

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