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 Committee.
• Contribute to Watch List / Business Support List compilation and participate in appropriate forums.
• Have 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 recoveries.
• Effective Stakeholder management and communication with Sales stakeholders - ensuring SLAs for deal decisions are managed.

Key skills required:

• Financial analysis and credit report writing skills.
• Knowledge of soft and hard assets.
• Ability to understand Credit Sanctioning decision systems.
• Cashflow analysis for larger transactions.

So, 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 holidays.
• 2 additional days holiday after 5 years’ service.
• Birthday day off.
• Opt in Private Medical Insurance.
• Subsidised gym membership at £18.75 a month.
• Cycle to Work Scheme.
• Electric Car Scheme.
• Buy Annual Leave Scheme.
• Half day seasonal shopping.
• Auto enrolment pension – 3% employer contribution subject to eligibility.
• Life Assurance 3 x basic salary.
• Employee Assistance Programme available 24/7.
• Company events and reward schemes.

We are proud to be a member of Stonewall’s Diversity Champions programme and are committed to improving workplace inclusion.