Job Reference: J-0312
Job Title: Underwriter
Job Location: Kegworth (Hybrid) 2 days in the office / 3 days remote
Salary: £24,000- £35,000
Days / Hours: Monday- Friday / 8:30- 17:30
Company Overview:
Our client is a bridging loan company specialising in providing short-term finance solutions to individuals and businesses. They pride themselves on their commitment to understanding clients' needs and delivering tailored financial solutions to help them achieve their goals. With a focus on efficiency, integrity, and customer satisfaction, they have established themselves as a trusted partner in the finance industry.
Position Overview:
- To assess & underwrite potential loans for the business and progress to completion in accordance with the Company’s underwriting criteria.
- Conduct all due diligence and underwriting, assessing all risks to ensure the business is comfortable lending on the security.
- Responsible for preparing detailed credit proposals for submission to the investment committee.
- To be the point of contact for all parties during the progress to completion.
Responsibilities:
- Carry out initial underwriting to obtain understanding of the case and respond to the initial enquiry within four hours.
- Accurately assess the risk attributed to all applications ensuring the loan is suitable and fit for purpose.
- Build and maintain proactive relationships with stakeholders, including brokers, solicitors and surveyors.
- Issuing AIP terms to borrowers and brokers in line with company Criteria
- Keeping all systems up to date, spreadsheets, whiteboards using Brightoffice.
- Ensuring enquiries are dealt with in a timely manner
- Keeping brokers and borrowers updated throughout the process until completion within the company policy of Collaboration Communication and Education.
- Trouble shooting issues quickly and efficiently with a resolution understood by all parties.
- Liaising with the rest of the team, discussing criteria and asking for a second opinion
- Arranging ID appointments for borrowers and vendors to ensure requirements are satisfied to meet company Criteria
- Carrying out all checklists including full application, survey, ID and case sign off using the Brightoffice system.
- Completing and sending out team referral for director’s approval.
- Manage a pipeline of cases in a fast-moving environment
- To adhere to the compny’s Culture Statement.
- Keep up with Industry news and track any allocated competitor lenders.
Qualifications:
- Attention to detail
- Experience in the specialist lending sector for minimum two years.
- Communicating via different portals
- Flexible within a team culture.
- Well organised and capable of prioritising.
- Excellent interpersonal skills.
- To be familiar with KYC/AML financial crime regulation
- Knowledge of the conveyancing and valuation processes.
- Proficient use of Excel spreadsheets, Microsoft Office and the in -house Brightoffice system.
- Ability to manage own workload embracing the need to adopt flexible working hours when necessary.