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- Tasks: Support underwriting teams in assessing and processing loan applications for bridging finance.
- Company: Join a growing specialist Property Lending company based in London.
- Benefits: Earn up to £40,000 plus excellent bonuses and benefits; 5 days in the office.
- Why this job: Gain valuable experience in finance while working in a dynamic and supportive environment.
- Qualifications: Must have a degree in business, finance or related field; previous underwriting experience required.
- Other info: Opportunity to build strong relationships with clients and brokers while enhancing your career.
The predicted salary is between 32000 - 48000 £ per year.
Up to £40,000 plus excellent bonus and benefits. Please note this role is 5 days in the office.
Due to exciting growth and expansion, a fantastic opportunity has arisen for an Assistant Underwriter to join a specialist Property Lending company in London. Specializing in bridging finance, you will be responsible for supporting the underwriting teams in assessing and processing loan applications, ensuring all are thoroughly reviewed and meet the lending criteria.
Duties of the Assistant Underwriter (Bridging Finance) include:
- Assist with the initial review and evaluation of bridging loan and buy-to-let mortgage applications, ensuring all necessary documentation is collected and verified.
- Perform preliminary checks on applicants' creditworthiness and property valuations, while coordinating with brokers, clients, and stakeholders to gather relevant information.
- Keep application records accurate and up to date within the underwriting system, offering administrative support to the underwriting team as required.
- Follow up with introducers and brokers for any outstanding or pending documentation, ensuring timely responses.
- Manage communication with valuers and surveyors, coordinating property valuation instructions, inspections, and report delivery.
- Track invoice payments and ensure all financial records are kept current.
- Prepare new case files by conducting necessary searches such as Land Registry, AML, and KYC checks.
- Provide prompt updates and manage information received through email, post, and telephone to keep case files updated.
- Foster strong working relationships with brokers, clients, solicitors, and surveyors, delivering high-quality customer service.
- Handle additional tasks related to underwriting assistance as assigned by line managers, including formally managing valuers and scheduling appointments for property visits.
Requirements for the successful Assistant Underwriter (Bridging Finance):
- Educated to university undergraduate degree level (or equivalent), in business, finance or a related field.
- Previous experience in loan underwriting is essential, with experience in bridging finance highly desirable.
- Excellent communication abilities with strong written and verbal skills.
- Excellent organisational skills and ability to prioritise and manage multiple tasks as part of a busy workload.
Contact Detail:
Montpellier Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter (Bridging Finance)
✨Tip Number 1
Familiarise yourself with bridging finance and the specific lending criteria used in this sector. Understanding the nuances of the industry will help you engage more effectively during interviews and demonstrate your knowledge.
✨Tip Number 2
Network with professionals in the property lending and underwriting fields. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare to discuss your previous experience in loan underwriting, particularly any specific cases you've worked on. Be ready to explain how you assessed creditworthiness and managed documentation, as these are key aspects of the role.
✨Tip Number 4
Showcase your organisational skills by preparing examples of how you've successfully managed multiple tasks in a busy environment. This will highlight your ability to thrive in the fast-paced world of underwriting.
We think you need these skills to ace Assistant Underwriter (Bridging Finance)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in loan underwriting and bridging finance. Use specific examples to demonstrate your skills in evaluating applications and managing documentation.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your previous experience, particularly in bridging finance, and explain why you are passionate about this opportunity.
Highlight Communication Skills: Since excellent communication is key for this role, provide examples in your application that demonstrate your strong written and verbal skills. Mention any experience working with brokers, clients, or stakeholders.
Showcase Organisational Abilities: Emphasise your organisational skills by detailing how you manage multiple tasks and maintain accurate records. Provide examples of how you've successfully prioritised workloads in previous roles.
How to prepare for a job interview at Montpellier Resourcing
✨Know Your Stuff
Make sure you understand the basics of bridging finance and loan underwriting. Brush up on key terms and processes, as well as the specific lending criteria of the company. This will show your enthusiasm and preparedness.
✨Showcase Your Communication Skills
Since the role involves liaising with brokers, clients, and stakeholders, be ready to demonstrate your excellent communication abilities. Prepare examples of how you've effectively communicated in previous roles or situations.
✨Highlight Your Organisational Skills
The job requires managing multiple tasks and keeping records accurate. Be prepared to discuss how you prioritise tasks and stay organised, perhaps by sharing a specific example from your past experience.
✨Build Rapport
During the interview, try to establish a connection with your interviewers. Ask insightful questions about the company culture and team dynamics, which can help you demonstrate your interest in fostering strong working relationships.
