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- Tasks: Join a dynamic team to assess credit applications and make informed decisions daily.
- Company: Be part of a motivated company focused on responsible lending and financial integrity.
- Benefits: Enjoy flexible working hours, including a day off for Saturday shifts.
- Why this job: Make a real impact by ensuring responsible lending while developing your analytical skills.
- Qualifications: Experience in credit assessment or underwriting is essential; strong communication skills are a must.
- Other info: Opportunity to work with fraud detection tools and enhance your expertise in financial crime prevention.
The predicted salary is between 36000 - 60000 £ per year.
Reporting directly to the Credit Assessment Section Manager, you will be working in a small but highly motivated team of Credit Assessment Specialists. As a specialist in Credit Assessment, you will work with a high degree of accuracy, expertise, and due regard to responsible lending requirements. You will be completing a full review of circa 100 applications per day, managing the volumes that are received by the New Business Department alongside your colleagues. Each review will culminate in a decision or recommendation that will need to be backed-up with a thorough rationale and evidence.
Working with our fraud tools, you will be recognising key indicators of potential fraud and financial crime and then investigating them further to identify any risks. Where necessary, AML Suspicions and CIFAS forms will be raised.
The working hours are 35 hours 9-5 or 10-6 Monday to Friday with 1 in 4 Saturdays. A day in lieu for the Saturday will be provided the following week.
Responsibilities:- Using a Scorecard grade-based system, in conjunction with credit reference and fraud data, assess applications for finance. Circa 100 cases per day, for balances more than 40K.
- Use good attention to detail to ensure your decisions meet the lending criteria, and good judgment to recommend going outside those criteria when appropriate.
- Review customer open banking data in order to ensure they can afford the proposed monthly commitment.
- Field calls from Area Operations Managers and Retailers with respect to the credit assessment process and the decisions made.
- Review potential Politically Exposed Persons and Sanctions to ensure legal and regulatory requirements are met around fraud and financial crime.
- Demonstratable experience of operating as a credit assessor (underwriter) in the motor finance industry or equivalent.
- Experience carrying out customer and enhanced due diligence assessments, particularly on PEP and Sanctions customers.
- Exceptional communication skills with an ability to succinctly capture the basis for a decision, including salient evidence.
- Able to demonstrate confident decision making and ability to filter large amounts of information into the key drivers of any decision.
- Recently in possession of a credit assessment mandate to decision balances in excess of 40K.
- Familiar with FCA regulatory sourcebook CONC.
Credit Assessment Specialist employer: Quarter4 Limited
Contact Detail:
Quarter4 Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Assessment Specialist
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in credit assessment, particularly those related to motor finance. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly changing industry.
✨Tip Number 2
Network with professionals already working in credit assessment or related fields. Attend industry events or join online forums where you can engage with others and gain insights into the role and company culture at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your attention to detail and decision-making skills. Be ready to explain how you've successfully managed high volumes of applications while maintaining accuracy.
✨Tip Number 4
Brush up on your communication skills, as you'll need to articulate your decisions clearly. Practice summarising complex information succinctly, as this will be crucial when discussing your rationale for credit assessments with colleagues and managers.
We think you need these skills to ace Credit Assessment Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit assessment, particularly in the motor finance industry. Emphasise your ability to manage high volumes of applications and your attention to detail.
Craft a Strong Cover Letter: In your cover letter, explain why you are interested in the Credit Assessment Specialist role. Mention your experience with fraud detection and your understanding of responsible lending requirements, as these are key aspects of the job.
Showcase Communication Skills: Since exceptional communication skills are crucial for this role, provide examples in your application of how you've effectively communicated decisions and rationale in previous positions.
Highlight Relevant Qualifications: If you have any qualifications related to credit assessment or financial regulations, make sure to include them. Mention your familiarity with FCA regulatory sourcebook CONC if applicable, as it will strengthen your application.
How to prepare for a job interview at Quarter4 Limited
✨Know Your Credit Assessment Basics
Make sure you brush up on your knowledge of credit assessment principles, especially in the motor finance industry. Be prepared to discuss your experience with scorecard systems and how you've applied them in past roles.
✨Demonstrate Attention to Detail
Since the role requires reviewing a high volume of applications, showcase your ability to pay attention to detail. Prepare examples of how you've ensured accuracy in your previous assessments and how you handle discrepancies.
✨Communicate Clearly and Confidently
Exceptional communication skills are crucial for this position. Practice articulating your thought process behind decisions clearly and succinctly, as you'll need to explain your rationale during the interview.
✨Familiarise Yourself with Regulatory Requirements
Understanding FCA regulations and compliance is key for this role. Brush up on relevant regulations, particularly around fraud detection and financial crime, so you can discuss how you've navigated these in your previous work.
