At a Glance
- Tasks: Evaluate financial data and make sound decisions for SME and consumer proposals.
- Company: Join BMW Group Financial Services UK, a leader in the automotive finance sector.
- Benefits: Flexible working hours, competitive salary, and opportunities for personal growth.
- Other info: Enjoy a supportive workplace that values diversity and equal opportunities.
- Why this job: Make impactful decisions while enhancing your skills in a dynamic environment.
- Qualifications: Proven underwriting experience and strong analytical skills required.
The predicted salary is between 35000 - 45000 £ per year.
BMW Group Financial Services UK is looking for an SME Credit Analyst / Underwriter. This role is based at the Summit ONE Campus in Farnborough.
What awaits you?
- Evaluate financial data making a fully justified and sound decision for SME and consumer proposals within approved mandate authority and agreed Service Level Agreements.
- Analyse all factors to assess credit, Anti-Money Laundering, and fraud risk in line with CONC guidelines and latest European Anti-Money Laundering directives.
- Support the Small to Medium Enterprise (SME) Underwriting Team in enhancing Credit, Anti-Money Laundering (AML), and Fraud competencies through evaluating processes and driving process improvements.
- Ensure compliance with relevant credit and regulatory guidelines, including fraud prevention and anti-money laundering activities.
- Review and analyse additional information supplied by the Customer to evidence a decision.
- Collaborate with all underwriting teams and relevant stakeholders (Compliance, Risk, Sales Support, etc.).
What should you bring along?
- Proven underwriting experience, ideally within commercial applications in the financial services sector.
- Relevant experience within the leasing, automotive, and/or financial services industry.
- Strong understanding of regulatory frameworks for lending, including FCA requirements, Anti-Money Laundering (AML), and Financial Crime and their impact on underwriting processes.
- Proven analytical skills and confident decision-making capability with sound judgement.
- Strong communication skills, with the ability to effectively engage with stakeholders.
- Ability to work to deadlines with a high level of accuracy and attention to detail.
Working Pattern: Our working hours involve 3 shifts that rotate on a weekly basis: 08:00-16:15, 09:00-17:15. The team also work approx. 16 Saturdays and 9 Sundays a year, all of which they receive a day off in lieu for during the week.
At BMW Group, we are committed to offering our employees the right balance between work and personal life. We pride ourselves on being a flexible employer, so please discuss your individual requirements as part of the application process to help us agree on a suitable arrangement. We place great importance on equal treatment and equal opportunities. Our recruiting decisions are based on the personality, experience, and skills of the applicants. We are proud to be part of the Disability Confident scheme, which supports employers in making the most of the talents disabled people bring to the workplace.
Underwriter - SME in Farnborough employer: Bayerische Motoren Werke Aktiengesellschaft
At BMW Group Financial Services UK, we pride ourselves on being an exceptional employer that values flexibility, inclusivity, and employee development. Located at the Summit ONE Campus in Farnborough, our work culture fosters collaboration and innovation, providing ample opportunities for professional growth within the financial services sector. With a commitment to work-life balance and a supportive environment, we ensure that our employees thrive both personally and professionally.
Contact Details:
Bayerische Motoren Werke Aktiengesellschaft Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - SME in Farnborough
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working at BMW Group or similar companies. A friendly chat can sometimes lead to job opportunities that aren't even advertised.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of credit analysis and regulatory frameworks. We recommend practising common interview questions and scenarios related to underwriting to show off your expertise.
✨Tip Number 3
Don’t forget to showcase your analytical skills! During interviews, be ready to discuss specific examples where you made sound decisions based on financial data. This will help you stand out as a strong candidate.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining the team at BMW Group Financial Services UK.
We think you need these skills to ace Underwriter - SME in Farnborough
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your underwriting experience and any relevant skills that match the job description. We want to see how your background fits with what we're looking for!
Showcase Your Analytical Skills:Since this role involves evaluating financial data, be sure to showcase your analytical skills in your application. Use specific examples from your past experiences to demonstrate how you've made sound decisions based on data.
Be Clear and Concise:When writing your cover letter or any additional information, keep it clear and concise. We appreciate straightforward communication, so get to the point while still showing your personality and enthusiasm for the role!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it makes the whole process smoother for everyone involved.
How to prepare for a job interview at Bayerische Motoren Werke Aktiengesellschaft
✨Know Your Numbers
As an Underwriter, you'll be dealing with financial data all the time. Brush up on your analytical skills and be ready to discuss how you evaluate credit proposals. Prepare examples of past decisions you've made based on financial data to showcase your expertise.
✨Understand Regulatory Frameworks
Familiarise yourself with FCA requirements and Anti-Money Laundering guidelines. Be prepared to discuss how these regulations impact underwriting processes. Showing that you understand the compliance landscape will demonstrate your readiness for the role.
✨Communicate Clearly
Strong communication skills are key in this role. Practice articulating your thought process when making decisions. Think about how you would explain complex concepts to stakeholders who may not have a financial background—this will show your ability to engage effectively.
✨Show Your Team Spirit
Collaboration is crucial in this position. Be ready to share examples of how you've worked with different teams in the past. Highlight your experience in driving process improvements and how you can contribute to enhancing the SME Underwriting Team's competencies.
