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- Tasks: Assess risk and make lending decisions for motor finance proposals.
- Company: Join a prestigious motor finance provider with a strong reputation.
- Benefits: Enjoy a competitive salary, car allowance, and additional perks.
- Why this job: Be part of a dynamic team making impactful financial decisions.
- Qualifications: 3 years in underwriting or credit analysis; automotive experience is a plus.
- Other info: Contact Vicky at 01279713900 for more details.
The predicted salary is between 28000 - 42000 £ per year.
Salary £35k plus car and benefits
Working for a prestigious motor finance provider, the Underwriter will assess risk by manually underwriting dealer proposals. As part of the manual underwriting process, the Underwriter will undertake the appropriate analysis of retail customer’s financial statements to assist in reaching timely and accurate conclusions on the Referral (e.g., “Accept” or “Decline” decision). This information, coupled with an analysis of the customer’s repayment capacity, will enable the Underwriter to reach the appropriate lending decision. This will ensure that work queues are reviewed and actioned in accordance with agreed proposal status review targets.
In addition, the Underwriter will:
- Self-manage own work queue
- Answer inbound dealer and Account Manager inquiry calls in accordance with an average speed of answer targets
- Answer inbound Payout and Activation inquiry calls as required
- Ensure Team Leader is aware of potential issues associated with proposal backlog
Person specification:
- Capable of undertaking quantitative and qualitative analysis; the ability to review metrics/financial ratios and supporting information and understand what they mean for each proposal
- Understand financial statements (balance sheets, income statements, cash flow)
- Able to interpret CRA and HPI reports, extracting non-apparent information when making lending decisions
- Thoroughly understand underwriting and credit practices and procedures
- Adhere to the Underwriting team schedule and attendance guidelines
- Confident in making credit decisions and takes ownership of individual proposals
Knowledge, experience and qualifications:
- 3 years of experience in an underwriting or credit analyst position in financial services
- Experience in the automotive or consumer finance industry is advantageous
- Practical experience with scorecard design and testing
Please contact Vicky for more information at 01279713900.
Contact Detail:
Motor Finance Online Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter – Motor Finance – Slough
✨Tip Number 1
Familiarise yourself with the latest trends in motor finance and underwriting practices. This will not only help you understand the industry better but also allow you to engage in informed discussions during interviews.
✨Tip Number 2
Network with professionals in the automotive finance sector. 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
Brush up on your analytical skills, especially in interpreting financial statements and CRA reports. Being able to demonstrate your ability to analyse these documents effectively will set you apart from other candidates.
✨Tip Number 4
Prepare for potential interview questions by practising how you would handle specific underwriting scenarios. This will showcase your decision-making skills and confidence in managing proposals, which are crucial for this role.
We think you need these skills to ace Underwriter – Motor Finance – Slough
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Underwriter in Motor Finance. Familiarise yourself with the key tasks such as assessing risk, analysing financial statements, and making lending decisions.
Tailor Your CV: Highlight your relevant experience in underwriting or credit analysis, especially within the automotive or consumer finance sectors. Use specific examples to demonstrate your ability to interpret financial statements and make informed credit decisions.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your experience with quantitative and qualitative analysis, and how it aligns with the job requirements. Be sure to convey your confidence in making credit decisions.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial for an Underwriter role.
How to prepare for a job interview at Motor Finance Online
✨Know Your Financial Statements
Make sure you brush up on your understanding of balance sheets, income statements, and cash flow statements. Be prepared to discuss how these documents influence your underwriting decisions, as this will demonstrate your analytical skills.
✨Familiarise Yourself with CRA and HPI Reports
Understanding how to interpret CRA and HPI reports is crucial for this role. Be ready to explain how you would extract non-apparent information from these reports to support your lending decisions.
✨Showcase Your Underwriting Knowledge
Be confident in discussing underwriting and credit practices. Prepare examples from your past experience where you made significant credit decisions and how you took ownership of those proposals.
✨Demonstrate Your Time Management Skills
Since the role involves managing your own work queue, be prepared to talk about how you prioritise tasks and meet deadlines. Share specific strategies you use to ensure timely reviews and actions on proposals.
