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- Tasks: Lead a team to assess consumer credit applications and make informed lending decisions.
- Company: Join THC Recruitment Ltd, a dynamic company in the finance sector.
- Benefits: Enjoy 30 days holiday, private healthcare, pension, and birthday off!
- Why this job: Make a real impact on customer journeys while working in a fast-paced environment.
- Qualifications: Experience in underwriting and understanding of lending processes is essential.
- Other info: Located in Greater Manchester, this role requires an EU work permit.
The predicted salary is between 36000 - 60000 £ per year.
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Client:
THC Recruitment Ltd
Location:
Greater Manchester, United Kingdom
Job Category:
Other
EU work permit required:
Yes
Job Reference:
b461a0ea7ec7
Job Views:
7
Posted:
03.03.2025
Expiry Date:
17.04.2025
Job Description:
Location: Manchester
The Role of Senior Underwriter:
As a Senior Underwriter, you will be responsible for assessing consumer credit applications from customers and making informed decisions on lending in accordance with the company’s lending policies. You will ensure that customers satisfy relevant credit reference checks and identify potential fraudulent applications, liaising with other departments to investigate as necessary. The underwriters are responsible for assessing customers’ ability to repay loans, making credit decisions in line with company criteria and credit policy, while adhering to service level agreements to ensure excellent customer journeys.
What you will bring:
You will have an underwriting background, ideally with experience in consumer motor finance lending. We are looking for someone with a strong understanding of the lending application processes and experience in working under pressure to meet strict deadlines.
Key Responsibilities of Senior Underwriter:
- Lead and manage a team of underwriters.
- Underwrite all customer types and score bands within defined risk policy guidelines.
- Ensure all underwriting department service level agreements are fully met.
- Maintain an acceptable level of bad debt by aligning underwriting with each proposal.
- Professionally handle all calls made into the underwriting department.
- Check and verify all proofs of identification, income, and expenditure received from customers.
- Assess customer documentation to establish affordability accurately for the loan.
- Check legal documentation for accuracy.
- Assist the Payout Department as required.
Skills & Expertise needed to be Senior Underwriter:
- Ability to manage a high volume of tasks and meet deadlines.
- Ability to understand and interpret financial information.
- Strong focus on ensuring good customer outcomes.
- Previous experience in financial services as an underwriter.
- Knowledge of regulations relating to Consumer Duty, Compliance, Data Protection, Anti Money Laundering, Consumer Credit Directive, and Consumer Credit Act.
Benefits:
- 30 days holiday + statutory holidays + birthday off (if on a working day).
- Private Healthcare plan for you and your family (Bupa or equivalent).
- Pension.
- Death in Service.
Please contact Vicky for more information.
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Senior Underwriter – Motor Finance employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter – Motor Finance
✨Tip Number 1
Familiarize yourself with the specific lending policies and regulations mentioned in the job description, such as Consumer Duty and Anti Money Laundering. This knowledge will not only help you during the interview but also demonstrate your commitment to compliance and customer outcomes.
✨Tip Number 2
Highlight your experience in managing a team of underwriters or working collaboratively with other departments. Be prepared to discuss specific examples of how you've successfully led teams or improved processes in previous roles.
✨Tip Number 3
Prepare for situational questions that assess your ability to handle high-pressure scenarios and meet strict deadlines. Think of instances where you successfully managed a heavy workload while ensuring excellent customer service.
✨Tip Number 4
Research the company culture and values of THC Recruitment Ltd. Understanding their approach to customer service and compliance will allow you to tailor your responses and show that you're a great fit for their team.
We think you need these skills to ace Senior Underwriter – Motor Finance
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Senior Underwriter position. Highlight key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to emphasize your underwriting background and experience in consumer motor finance lending. Use specific examples that demonstrate your ability to assess credit applications and manage a team.
Craft a Strong Cover Letter: Write a cover letter that showcases your understanding of the lending application processes and your ability to work under pressure. Mention your knowledge of relevant regulations and how you ensure good customer outcomes.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for an underwriting role.
How to prepare for a job interview at TN United Kingdom
✨Show Your Underwriting Expertise
Be prepared to discuss your previous underwriting experience in detail. Highlight specific cases where you successfully assessed consumer credit applications and made informed lending decisions.
✨Understand the Regulations
Familiarize yourself with key regulations such as Consumer Duty, Compliance, and Anti Money Laundering. Be ready to explain how these regulations impact your decision-making process as an underwriter.
✨Demonstrate Your Customer Focus
Emphasize your commitment to ensuring good customer outcomes. Share examples of how you've handled customer interactions professionally and how you’ve contributed to positive customer journeys.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your ability to manage high volumes of tasks and meet deadlines. Practice articulating your thought process when faced with challenging underwriting situations.
