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For Companies At a Glance
- Tasks: Make fast, informed credit decisions and support SME growth.
- Company: Elect Capital revolutionises SME lending through technology and innovation.
- Benefits: Enjoy a dynamic work environment with recognition and career acceleration.
- Why this job: Join a culture of innovation and collaboration to drive real impact in finance.
- Qualifications: 2+ years in commercial loan underwriting or credit analysis required.
- Other info: Be part of our ambitious expansion plans and contribute to continuous improvement.
The predicted salary is between 36000 - 60000 £ per year.
Join Elect Capital and Drive Growth in SME Finance. We’re looking for an experienced and dynamic underwriter to join our team and support our next phase of expansion. If you have a strong background in underwriting within the UK, particularly in unsecured business finance, and can make fast, well-informed credit decisions, we’d love to hear from you. At Elect Capital, we help SMEs access the funding they need, to grow quickly and efficiently. Our mission is to break down traditional barriers to business finance and revolutionize SME lending through technology and innovation. If you’re passionate about driving positive change in alternative lending, this is the opportunity for you.
Your Role
As an Underwriter at Elect Capital, you will play a pivotal role in ensuring high-quality credit decisions while working closely with our collections and account management teams. Your expertise will help us offer relevant leads, driving profitable growth through best-in-class underwriting.
Key Responsibilities
- Credit Assessment: Review incoming applications by analysing financial statements, credit reference data, application details, and other third-party sources to make fair, fast, and accurate lending decisions.
- Risk Analysis: Evaluate applications in line with credit risk policies from the lenders we partner with.
- Process Efficiency: Ensure applications are processed within agreed service levels (SLAs) while handling escalations as needed.
- Fraud Detection: Identify inconsistencies, unusual activity, or potential fraud in submitted documents and data.
- Compliance & Due Diligence: Make confident decisions regarding Adverse Media, PEPs, Sanctions, and Source of Wealth/Funds (SOW/SOF).
- Collaboration & Communication: Work closely with Account Management to ensure customer needs are met while maintaining underwriting integrity.
- Coaching & Development: Assist junior underwriters in their credit assessments and support their professional growth.
- Continuous Improvement: Contribute to refining underwriting frameworks, policies, and decision-making processes.
- Technology & Analytics: Work alongside the Tech and Analytics teams to enhance our underwriting scorecard and decision-making systems.
Who We’re Looking For
We value smart, driven, and detail-oriented professionals who are always looking to improve. The ideal candidate will have:
- 2+ years of experience in commercial loan underwriting, credit sanctioning, or credit analysis, preferably in the SME or alternative lending space.
- Strong business acumen with an understanding of SME risk and revenue drivers.
- Financial expertise to interpret financial statements and assess key risk indicators.
- An analytical mindset with a practical, problem-solving approach.
- Excellent communication skills to work effectively across teams.
- Attention to detail with a commitment to accuracy and efficiency.
- A proactive attitude in suggesting innovative solutions and process improvements.
- The ability to prioritise under pressure in a fast-moving environment.
Why Join Elect Capital?
At Elect Capital, we challenge the status quo in SME finance, making quick, strategic decisions to drive real impact. Our culture is built on innovation, collaboration, and a shared commitment to growth. We offer a dynamic work environment where your contributions will be recognised, and your career will accelerate alongside our ambitious expansion plans. Take your career to the next level with Elect Capital. Apply today and be part of a fast-paced, highly rewarding journey!
Senior Underwriter employer: ELECT CAPITAL
Contact Detail:
ELECT CAPITAL Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in SME finance and unsecured business lending. Understanding the current market landscape will not only help you during interviews but also demonstrate your genuine interest in the role and the company.
✨Tip Number 2
Network with professionals in the underwriting and SME finance sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at Elect Capital.
✨Tip Number 3
Prepare to discuss specific examples of your past underwriting experiences, particularly those that highlight your ability to make quick, informed credit decisions. This will showcase your expertise and fit for the role.
✨Tip Number 4
Research Elect Capital’s mission and values thoroughly. Be ready to articulate how your personal values align with theirs, especially regarding innovation and driving positive change in alternative lending.
We think you need these skills to ace Senior Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in commercial loan underwriting and credit analysis, particularly within the SME or alternative lending space. Use specific examples to demonstrate your skills in making fast, informed credit decisions.
Craft a Compelling Cover Letter: Write a cover letter that reflects your passion for driving positive change in alternative lending. Mention how your background aligns with Elect Capital's mission and values, and express your enthusiasm for contributing to their growth.
Highlight Relevant Skills: In your application, emphasise your analytical mindset, attention to detail, and ability to work under pressure. Provide examples of how you've successfully evaluated credit risk and contributed to process improvements in previous roles.
Showcase Collaboration Experience: Elect Capital values teamwork, so include examples of how you've effectively collaborated with other teams, such as account management or collections, to meet customer needs while maintaining underwriting integrity.
How to prepare for a job interview at ELECT CAPITAL
✨Showcase Your Underwriting Experience
Be prepared to discuss your previous experience in commercial loan underwriting, especially within the SME or alternative lending space. Highlight specific examples where you made fast, informed credit decisions and how those decisions positively impacted your previous employers.
✨Demonstrate Analytical Skills
Expect questions that assess your ability to analyse financial statements and identify key risk indicators. Practice explaining your thought process when evaluating applications and how you approach risk analysis in line with credit policies.
✨Emphasise Collaboration and Communication
Since the role involves working closely with account management and collections teams, be ready to share examples of how you've effectively communicated and collaborated with others in past roles. This will show your ability to maintain underwriting integrity while meeting customer needs.
✨Prepare for Scenario-Based Questions
You may be asked to handle hypothetical situations related to fraud detection or compliance issues. Think through potential scenarios and how you would address them, demonstrating your proactive attitude and problem-solving skills.
