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For Companies At a Glance
- Tasks: Assess customer loan affordability and analyse credit information daily.
- Company: Join a dynamic motor finance lender focused on growth and innovation.
- Benefits: Enjoy opportunities for progression, development, and collaboration with diverse teams.
- Why this job: Be part of an exciting business with a strong culture and impactful work.
- Qualifications: Minimum one year of underwriting experience in motor finance required.
- Other info: Ideal for analytical thinkers who thrive in fast-paced environments.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a motor finance lender, are looking to appoint an ambitious Underwriter to join their growing team and support expansion plans. The role is responsible for assessing a customer’s ability to afford repayments for their loan, reviewing & analysing customer account information and that provided by credit referencing agencies.
The role will also:
- Ensure there is enough data to produce credit reports
- Ensure the credit profile is aligned to the firm’s risk appetite
- Establish the lend limit for individual customers
- Ensure the vehicle is within lending criteria
- Engage & collaborate with stakeholders both internally and externally, such as the Acquisition team and brokers
This is a key role supporting the continued growth of an exciting business with opportunity for progression & development. The ideal candidate will have a minimum of one year Underwriting experience within a motor finance firm. You’ll need to be analytical with a keen eye for detail; able to communicate effectively with stakeholders; comfortable working in a high paced, high volume environment; and possess the adaptability & ingenuity to explore alternative outcomes in order to benefit the firm and customer.
Contact Detail:
Job Traffic Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Motor Finance
✨Tip Number 1
Familiarise yourself with the latest trends in motor finance and underwriting. Understanding the current market conditions and regulatory changes can give you an edge during discussions with potential employers.
✨Tip Number 2
Network with professionals in the motor finance industry. Attend relevant events or join online forums to connect with others in the field, which could lead to valuable insights and job opportunities.
✨Tip Number 3
Prepare to discuss your analytical skills and past experiences in detail. Be ready to provide examples of how you've assessed credit profiles and made lending decisions in previous roles.
✨Tip Number 4
Showcase your communication skills by preparing for role-play scenarios. Being able to effectively engage with stakeholders is crucial, so practice articulating your thoughts clearly and confidently.
We think you need these skills to ace Underwriter - Motor Finance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly within motor finance. Emphasise your analytical skills and any specific achievements that demonstrate your ability to assess customer affordability.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your previous underwriting experience and how it aligns with the responsibilities outlined in the job description. Be sure to express your enthusiasm for the opportunity.
Highlight Key Skills: In your application, focus on key skills such as attention to detail, effective communication, and adaptability. Provide examples of how you've successfully collaborated with stakeholders in past roles, as this is crucial for the position.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which are essential traits for an Underwriter.
How to prepare for a job interview at Job Traffic
✨Know Your Numbers
As an Underwriter, you'll be dealing with financial data daily. Brush up on your numerical skills and be prepared to discuss how you assess a customer's ability to afford repayments. Familiarise yourself with key metrics and ratios relevant to motor finance.
✨Understand the Risk Appetite
Make sure you understand the firm's risk appetite before the interview. Be ready to explain how you would align a customer's credit profile with this risk appetite and provide examples from your previous experience where you've successfully done this.
✨Showcase Your Analytical Skills
Highlight your analytical abilities during the interview. Prepare to discuss specific instances where your keen eye for detail helped you identify potential issues in customer applications or credit reports, and how you resolved them.
✨Engage with Stakeholders
Since the role involves collaboration with various stakeholders, think of examples where you've effectively communicated with internal teams or external brokers. Be ready to discuss how you build relationships and ensure smooth processes in high-paced environments.
