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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 building relationships with clients and brokers.
- Qualifications: Must have a degree in business, finance or related field; previous loan underwriting experience required.
- Other info: Opportunity to work in a dynamic environment with a focus on customer service.
The predicted salary is between 24000 - 40000 £ 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.
Assistant Underwriter (Bridging Finance) employer: Montpellier Resourcing
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 potential colleagues and learn about the latest trends and challenges in bridging finance.
✨Tip Number 3
Prepare to discuss your previous experience in loan underwriting, particularly any specific cases related to bridging finance. Be ready to share examples of how you've successfully managed applications and communicated with stakeholders.
✨Tip Number 4
Showcase your organisational skills by preparing a mock case file or documentation that reflects the tasks of an Assistant Underwriter. This will not only demonstrate your proactive approach but also give you practical insights into the role.
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 assessing loan applications and managing documentation.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention your understanding of the responsibilities and how your background aligns with the requirements, particularly your communication and organisational skills.
Highlight Relevant Experience: In your application, emphasise any previous roles where you supported underwriting teams or worked with brokers and clients. Detail your experience with creditworthiness checks and property valuations to show you meet the job criteria.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an Assistant Underwriter.
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 that the company uses. This will show your genuine interest in the role and help you answer questions confidently.
✨Showcase Your Communication Skills
As an Assistant Underwriter, you'll need to communicate effectively with various stakeholders. Prepare examples of how you've successfully managed communications in previous roles, whether it's with clients, brokers, or team members. Highlight your ability to convey complex information clearly.
✨Demonstrate Organisational Skills
The role requires managing multiple tasks and keeping records accurate. Be ready to discuss how you prioritise your workload and stay organised. You might even want to share a specific instance where your organisational skills made a difference in a project or task.
✨Build Rapport
Fostering strong relationships is key in this role. Think about how you can demonstrate your ability to build rapport with others during the interview. Perhaps share a story about a time you successfully collaborated with a team or resolved a conflict with a client.
