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For Companies At a Glance
- Tasks: Evaluate loan applications and make informed lending decisions.
- Company: Join a leading financial institution in Chester, known for exceptional banking services.
- Benefits: Enjoy competitive salary, hybrid working options, and career progression opportunities.
- Why this job: Be part of a dynamic team that values your expertise and fosters professional growth.
- Qualifications: Experience as an Underwriter with strong understanding of lending principles required.
- Other info: Collaborate with various stakeholders in a supportive work environment.
The predicted salary is between 28800 - 48000 £ per year.
My client is a leading financial institution in Chester, committed to delivering exceptional banking services to customers. As they continue to grow, they are seeking an experienced Underwriter to join their dynamic team and play a crucial role in their lending operations.
The Role
As an Underwriter, you will be responsible for assessing and making informed lending decisions on various financial products, ensuring compliance with regulatory requirements and company policies. Your expertise in risk assessment and attention to detail will contribute to maintaining a strong credit portfolio.
Key Responsibilities:
- Evaluate and underwrite loan & asset finance applications in accordance with company guidelines and risk appetite.
- Assess applicants’ creditworthiness by analysing financial statements, credit reports, and supporting documentation.
- Make informed lending decisions while ensuring compliance with regulatory and internal policies.
- Work closely with Relationship Managers, Credit Analysts, and other stakeholders to ensure smooth loan processing.
- Provide clear rationale for approval, decline, or further information requests on applications.
- Keep up to date with industry trends, regulatory changes, and best practices in underwriting.
What We’re Looking For:
- Proven experience as an Underwriter in a banking or financial services environment.
- Strong understanding of lending principles, credit risk assessment, and regulatory requirements.
- Ability to interpret financial statements, credit reports, and legal documentation.
- Excellent decision-making skills with strong attention to detail.
- Effective communication and stakeholder management abilities.
- Ability to work efficiently under pressure and meet deadlines.
What’s On Offer:
- Competitive salary and benefits package.
- Hybrid working options available.
- A supportive and collaborative work environment.
- Career progression and professional development opportunities.
How to Apply
If you have the skills and experience required for this role, we would love to hear from you. Join us and be a part of a forward-thinking financial institution where your expertise is valued and rewarded!
Commercial Underwriter employer: Fintellect Recruitment
Contact Detail:
Fintellect Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in underwriting and risk assessment. This will not only help you during interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the financial services industry, especially those who work as underwriters. Engaging in conversations can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you successfully assessed creditworthiness or made critical lending decisions. Real-life scenarios can showcase your expertise effectively.
✨Tip Number 4
Research the company’s values and culture. Tailoring your approach to align with their mission can make a positive impression and show that you’re genuinely interested in being part of their team.
We think you need these skills to ace Commercial Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Commercial Underwriter. Familiarise yourself with the key tasks mentioned in the job description, such as evaluating loan applications and assessing creditworthiness.
Tailor Your CV: Customise your CV to highlight relevant experience in underwriting and financial services. Emphasise your skills in risk assessment, decision-making, and compliance with regulatory requirements, as these are crucial for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the financial industry and your understanding of lending principles. Use specific examples from your past experience to demonstrate how you meet the qualifications outlined in the job description.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is essential for an Underwriter.
How to prepare for a job interview at Fintellect Recruitment
✨Know Your Numbers
As a Commercial Underwriter, you'll need to demonstrate your ability to analyse financial statements and credit reports. Brush up on key financial metrics and be prepared to discuss how you assess creditworthiness during the interview.
✨Understand Regulatory Requirements
Familiarise yourself with the regulatory landscape affecting underwriting in the financial services sector. Be ready to explain how you ensure compliance with these regulations in your decision-making process.
✨Showcase Your Decision-Making Skills
Prepare examples of past lending decisions you've made, including the rationale behind approvals or declines. This will highlight your analytical skills and attention to detail, which are crucial for the role.
✨Communicate Effectively
Since you'll be working closely with various stakeholders, practice articulating your thoughts clearly. Demonstrating strong communication skills will show that you can collaborate effectively with Relationship Managers and Credit Analysts.
