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- Tasks: Evaluate credit applications and assess risk using innovative Open Banking data.
- Company: Join Abound, a pioneering lender making affordable loans accessible to everyone.
- Benefits: Enjoy hybrid working, equity stake, 25 days holiday, and wellness activities.
- Why this job: Be part of a mission-driven team that values collaboration and personal growth.
- Qualifications: Two years' underwriting experience and strong analytical skills required.
- Other info: Entry-level position with opportunities for career advancement and a supportive work culture.
The predicted salary is between 28800 - 48000 £ per year.
About Abound We\’re redefining consumer lending in the UK, and beyond. Using advanced AI and Open Banking data, we make fair, affordable personal finance available to more people. While traditional lenders rely almost entirely on credit scores, we look at the full financial picture – how much you spend, and what you can afford to repay to build a deeper, more accurate understanding of each customer\’s unique financial situation.
We\’ve issued over £1.3bn in loans directly to customers while delivering market-leading credit performance – for every 10 defaults the industry expects, we see only 3. We also reached profitability just 2.5 years after launch.
Backed by £2bn+ of funding from top-tier investors including Citi, GSR Ventures, and Deutsche Bank, we\’re recognised as one of Europe\’s fastest-growing fintechs (Sifted, CNBC). Now, we\’re expanding into new markets and product lines – and we\’re looking for ambitious people who want to learn fast, take ownership, and grow with us.
About The RoleThe Underwriting team has grown from a single underwriter to a team of over 20 people, bringing together a wide range of backgrounds and experiences. We work closely, support one another, and have built a genuinely positive team culture. Everyone\’s contribution is visible and valued, with individual efforts having a clear and immediate impact on how the team performs and how the wider business develops. While we are target-driven, we are always looking for better ways of working, and new ideas are encouraged, tested, and often implemented quickly.
We are seeking a skilled Underwriter to join our team. In this role, you will assess risk and ensure compliance with underwriting guidelines. The ideal candidate will have experience working on targets, underwriting and strong analytical skills.
Work scheduleShifts: Monday-Friday 8 am – 8 pm (shift patterns).
One Saturday a month – returned in overtime or time in lieu.
Bank holidays – Minimum of two bank holidays per year – returned in overtime or time in lieu.
What You\\\’ll Be Doing
Assess unsecured credit applications using Open Banking data and credit reference agency information to evaluate creditworthiness and support responsible lending decisions.
Contribute to the development and ongoing improvement of underwriting processes and procedures.
Conduct fraud prevention and AML checks in line with regulatory and internal requirements.
Apply underwriting policies and procedures consistently and accurately.
Liaise with customers to obtain, verify, and document information where required.
Work independently while proactively developing your knowledge and skills.
Manage and progress your own underwriting pipeline effectively.
Who You Are
An experienced underwriter who performs well in a high-standards, fast-paced environment.
You have a minimum of two years\’ proven underwriting experience.
Target-driven, with a clear understanding of, and commitment to, shared team and business objectives.
A collaborative team member who supports colleagues beyond your immediate remit and contributes to wider business success.
You have a strong understanding of fraud, AML, and customer vulnerability, with a high level of attention to detail and the ability to identify emerging risk trends.
You possess solid IT and numerical skills, alongside clear written English and effective communication.
Highly organised, with strong pipeline, time-management, and prioritisation skills, and a consistently strong work ethic.
Strong work ethic
How The Team Works
We prioritise sound credit decisions and continuous learning from outcomes.
We take ownership of our work, support one another when required, and follow through to delivery.
We operate as one team, contributing beyond individual responsibilities and focusing on the success of the wider business.
We encourage open dialogue and constructive challenge, and once decisions are made, we commit and execute.
Strong performance is recognised and rewarded.
What We Offer
Everyone owns a piece of the company – equity
Hybrid with 3 days a week in the office
25 days\’ holiday a year, plus 8 bank holidays
2 paid volunteering days per year
One month paid sabbatical after 4 years
Employee loan
Free gym membership
Team wellness budget to be active together – set up a yoga class, a tennis lesson or go bouldering
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Underwriter employer: Abound
Contact Detail:
Abound Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Familiarise yourself with Open Banking and its implications for credit assessment. Understanding how this technology works will not only help you in the role but also impress the hiring team at Abound.
✨Tip Number 2
Brush up on your analytical skills, especially in evaluating financial data. Being able to demonstrate your proficiency in data analysis during discussions can set you apart from other candidates.
✨Tip Number 3
Network with current or former employees of Abound on platforms like LinkedIn. They can provide insights into the company culture and expectations, which can be invaluable during your interview.
✨Tip Number 4
Prepare to discuss your experience with fraud and AML checks. Highlighting specific examples of how you've successfully navigated these areas in past roles will show your readiness for the responsibilities of the Underwriter position.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Underwriter at Abound. Familiarise yourself with their use of Open Banking data and how it impacts creditworthiness assessments.
Tailor Your CV: Highlight your relevant experience in underwriting, particularly any work with targets or data analysis. Make sure to showcase your analytical skills and any knowledge of fraud/AML checks, as these are crucial for the role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for making affordable loans accessible and how your skills align with Abound's mission. Mention specific experiences that demonstrate your ability to assess risk and improve processes.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is essential for an Underwriter.
How to prepare for a job interview at Abound
✨Understand Open Banking
Familiarise yourself with Open Banking and how it impacts credit assessments. Be prepared to discuss how this technology can provide a more comprehensive view of a customer's financial situation, as it's central to the role.
✨Showcase Analytical Skills
Highlight your analytical skills during the interview. Prepare examples of how you've used data analysis in previous roles to make informed underwriting decisions, as this is crucial for assessing risk and creditworthiness.
✨Demonstrate Compliance Knowledge
Be ready to discuss your understanding of underwriting guidelines, fraud checks, and AML regulations. Showing that you are knowledgeable about compliance will reassure the interviewers of your capability to adhere to their policies.
✨Prepare for Scenario Questions
Expect scenario-based questions where you may need to assess a hypothetical credit application. Practise articulating your thought process and decision-making criteria, as this will demonstrate your ability to think critically under pressure.
