Credit Underwriter

Job Title: Underwriting Analyst

Reporting to: Risk Director

Location – London, 3 days a week in the office or if wider UK then once a week in the office

My client is a rapidly growing consumer finance provider with a nieche within Probate & Family Law lending. After 5 years of trading, they are a profitable scale up and have recently closed a £40M funding line to help streamline the company & lend into the market

We have exciting projects within underwriting inc Automation of decisions, Algorithms to speed up process & ability to lend to a wider part of the market. This is therefore a great chance to join the team and work closely with the Head Of.

Key responsibilities:

• Managing each individual case from application to execution
• Undertaking detailed due diligence on complex financial matters, asset valuations, credit reports and financial status
• Undertaking detailed due diligence on the prospective borrower’s background and legal case, compiling and reviewing legal documents
• Compiling asset schedules and underwriting papers
• Identifying risks and recommending appropriate mitigation where possible
• Communicating with solicitors and prospective borrowers both over email and on the telephone
• Ensuring all transactions fit within the company’s Credit Policy
• Ensuring the company’s compliance policies e.g. AML & data protection etc are adhered to in line with FCA regulations
• Updating senior members of the team on a regular basis on the status of applications across a large number of cases being underwritten
• Keeping borrowers and solicitors updated about the status of applications
• Preparing loan documentation
• Collating executed documentation

Experience

• Excellent written and verbal communication skills, including the ability to speak to solicitors at large law firms and the ability to present to senior management
• Ability to multitask and prioritise effectively
• Ability to manage a large number of cases
• Ability to work under pressure and handle variable workloads
• A can-do attitude and someone who thrives in a busy and fast paced environment
• Experience in Consumer Lending is helpful, but not a prerequisite
• Experience of FCA regulations is helpful, but not a prerequisite
• Adaptable to change and being able to pivot in a fast-moving environment