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- Tasks: Review retail loan and savings applications while ensuring compliance with policies.
- Company: Join an international bank committed to enhancing customer experiences.
- Benefits: Enjoy flexible work hours, including evenings and weekends.
- Why this job: Make impactful decisions that shape customer experiences and risk management.
- Qualifications: Experience in credit underwriting and strong analytical skills required.
- Other info: Immediate start is essential for this role.
The predicted salary is between 36000 - 60000 £ per year.
InterQuest are supporting an International bank who are looking for a Credit Underwriter to join their team. You will be responsible for reviewing retail loan and savings applications in line with internal policies and regulatory guidelines. You will assess creditworthiness using a range of data sources, including credit bureau reports, income verification documents, and affordability assessments. Your insights will directly contribute to maintaining a strong risk framework while enhancing the overall customer experience.
Key Responsibilities:
- Assess loan and savings applications within the company’s risk appetite and regulatory framework
- Analyse supporting documents such as bank statements, ID, income verification, and credit reports
- Make balanced, well-informed underwriting decisions using both internal systems and external tools (e.g., CIFAS, AML databases)
- Identify potential fraud and ensure compliance with all relevant financial crime and FCA regulations
- Communicate effectively with customers and retail partners throughout the onboarding process
- Participate in continuous improvement initiatives, helping to refine underwriting processes and policies
- Work cross-functionally with teams in Risk, Product, and Customer Service to deliver efficient outcomes
- Provide evening and weekend cover as part of a flexible workweek
Essential Skills:
- Experience of Credit Underwriting within a retail lending environment
- Background in an FCA-regulated environment
- Strong analytical skills and attention to detail
- Excellent communication skills, both written and verbal
This role is only available to candidates who can start immediately.
Life and Disability Underwriter employer: InterQuest Group
Contact Detail:
InterQuest Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Life and Disability Underwriter
✨Tip Number 1
Familiarise yourself with the latest FCA regulations and compliance requirements. Understanding these guidelines will not only help you in interviews but also demonstrate your commitment to maintaining a strong risk framework.
✨Tip Number 2
Brush up on your analytical skills by practising with real-life credit reports and loan applications. Being able to quickly assess creditworthiness and identify potential fraud will set you apart from other candidates.
✨Tip Number 3
Network with professionals in the credit underwriting field, especially those who work in FCA-regulated environments. They can provide insights into the role and may even refer you to opportunities within their organisations.
✨Tip Number 4
Prepare for behavioural interview questions by reflecting on your past experiences in credit underwriting. Be ready to discuss specific examples where you made informed decisions or improved processes, as this will showcase your expertise.
We think you need these skills to ace Life and Disability Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Life and Disability Underwriter. Familiarise yourself with the key tasks mentioned in the job description, such as assessing loan applications and analysing supporting documents.
Tailor Your CV: Highlight your relevant experience in credit underwriting, especially within a retail lending environment. Emphasise your analytical skills and any experience you have in FCA-regulated environments to align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and your passion for the industry. Mention specific examples of how your skills and experiences make you a great fit for the position, particularly in relation to risk assessment and customer communication.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for the underwriting role.
How to prepare for a job interview at InterQuest Group
✨Know Your Numbers
As a Life and Disability Underwriter, you'll need to demonstrate strong analytical skills. Brush up on your understanding of creditworthiness assessments and be prepared to discuss how you analyse data from various sources like credit reports and income verification documents.
✨Understand Regulatory Frameworks
Familiarise yourself with the FCA regulations and financial crime compliance. Be ready to explain how you ensure adherence to these guidelines in your previous roles, as this will show your commitment to maintaining a strong risk framework.
✨Communicate Clearly
Effective communication is key in this role. Practice articulating your thoughts clearly and concisely, especially when discussing complex underwriting decisions. This will help you convey your insights effectively to both customers and retail partners.
✨Show Initiative for Improvement
The job involves participating in continuous improvement initiatives. Think of examples from your past experience where you've contributed to refining processes or policies. This will highlight your proactive approach and willingness to enhance the overall customer experience.
