Senior Underwriter

Propel Finance was established in 1996 to provide flexible and accessible finance to SMEs across the country. Now, more than 20 years on, Propel has grown to become one of the UK’s largest, independent finance houses. We have continued to deliver leading-edge finance solutions through a unique combination of teamwork and technology.From this continued success we are now looking to recruit a Senior Underwriter to allow us to continue our exciting growth plans.Our aim is to take the service we offer to the next level, to push the boundaries of what’s available, and to create great customer experiences consistent with our values. Does that sound like something you’d like to be part of?As a Senior Underwriter, you will evaluate, analyse, and approve credit proposals, and revisions to underwritten transactions. You will have underwriting authority across all core origination channels including banking partners, accounting partners, vendor partners, brokers, and direct to customer relationships.Role responsibilities:Conduct detailed Credit Reviews and sanction Asset Finance transactions up to a personal credit underwriting mandate limit. This mandate will include hard and soft assets.Analyse and provide recommendations on transactions being presented to the Transactional Credit CommitteeContribute to Watch List / Business Support List compilation and participate in appropriate forumsHave responsibility for reviewing and recommending changes to Credit Policy in terms of risk appetite for asset classes & asset types, products, and terms of lending.Have responsibility for reviewing recommendations from Business Support and Collections teams in terms of actions on stressed assets including those in work-out and recoveriesEffective Stakeholder management and communication with Sales stakeholders – ensuring SLAs for deal decisions are managedKey skills required:Financial analysis and credit report writing skillsKnowledge of soft and hard assetsAbility to understand Credit Sanctioning decision systemsCashflow analysis for larger transactionsSo, why would you want to work here?We have a great working environment and we’re an ambitious business. We achieve so much because of our people. Everyone in the business, no matter their team or role can shape the outcome, share ideas, make suggestions, and have their voice heard. It’s a truly collaborative place to work.At Propel, we embrace hybrid working and with modern offices in Newport, London and Manchester, plus a field-based sales team, you’ll never be too far away from colleagues.This is a hybrid role, with 2 days per week in the Newport or London office , giving you the best of both worlds.Benefits you can expect:25 days annual leave + bank holidays2 additional days holiday after 5 years’ serviceBirthday day offOpt in Private Medical InsuranceSubsidised gym membership at £18.75 a monthCycle to Work SchemeElectric Car SchemeBuy Annual Leave SchemeHalf day seasonal shoppingAuto enrolment pension – 3% employer contribution subject to eligibilityLife Assurance 3 x basic salaryEmployee Assistance Programme available 24/7Company events and reward schemesWe are proud to be a member of Stonewall’s Diversity Champions programme and are committed to improving workplace inclusion.The Curve Group is Propel’s outsource partner for Recruitment and a \”Data Processor\”. The Curve Group will hold the information you submit but Propel will have access to it. You can find their privacy policy here: https://www.thecurvegroup.co.uk/privacy-policy/