At a Glance
- Tasks: Evaluate financial data and make sound underwriting decisions for BMW/MINI customers.
- Company: Join the innovative BMW Group, a leader in mobility and financial services.
- Benefits: Flexible working hours, hybrid model, and a supportive work culture.
- Other info: Dynamic environment with opportunities for personal and professional growth.
- Why this job: Shape the future of finance with a passionate team at a top employer.
- Qualifications: Strong knowledge of finance plans and FCA regulatory requirements.
The predicted salary is between 36000 - 60000 £ per year.
BMW Group Financial Services UK is looking for an Underwriter on a fixed term contract until December 2026. This role is based at the Summit ONE Campus in Farnborough.
What awaits you?
- Evaluate financial data making a fully justified and sound decision on all types of Private Customer GB (BMW / MINI) and Private Customer All Brands
- Decisions made within the agreed SLA with Sales.
- Review of underwriting declines, appeals and complaints.
- Review and analyse additional information supplied by the Customer to evidence a decision.
- Collaborate within all underwriting teams and relevant stakeholders (Compliance, Risk, Sales Support, etc.).
- Identify and mitigate Anti-Money Laundering (AML) and Financial Crime.
- Responsible for offering advice and support to Private Customer GB (BMW / MINI) and Private Customer All Brands in Application Processing for best customer and company outcomes in line with TCF regulations.
What should you bring along?
- Sound knowledge of the range of finance plans and financial services products is essential.
- 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.
- Ability to work both independently and collaboratively, including escalating issues where appropriate.
Note: The first stage will be a video interview.
Working Pattern:
Our working hours involve 3 shifts that rotate on a weekly basis:
- 08:00-16:15
- 09:00-17:15
- 09:45-18:00
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.
Successful candidates will be required to complete background screening checks, and the offer of employment will be subject to satisfactory results. These checks include references, right to work, IT system Compliance Integrity Check (COIN), CV, and relevant qualifications. Additional checks may include criminal records, adverse financial (credit), directorships, address verification, internet research, and/or driving licence. If you have any queries about these checks, please discuss them with us, and we will be happy to provide further details.
Underwriter - FTC in Farnborough employer: Bayerische Motoren Werke Aktiengesellschaft
At BMW Group Financial Services UK, we are dedicated to fostering a dynamic and inclusive work environment where passion meets professionalism. Our prestigious Farnborough campus offers flexible working arrangements, a supportive culture, and numerous opportunities for personal and professional growth, making it an ideal place for those seeking meaningful employment in the automotive finance sector.
Contact Details:
Bayerische Motoren Werke Aktiengesellschaft Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - FTC in Farnborough
✨Tip Number 1
Network like a pro! Reach out to current or former employees at BMW Group through LinkedIn or other platforms. A friendly chat can give you insider info and might even lead to a referral.
✨Tip Number 2
Prepare for the interview by understanding the company culture and values. BMW Group loves passion and teamwork, so think of examples from your past that showcase these traits.
✨Tip Number 3
Practice your decision-making skills! Since the role involves evaluating financial data, consider doing mock interviews where you explain your thought process behind certain decisions.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team!
We think you need these skills to ace Underwriter - FTC in Farnborough
Some tips for your application 🫡
Show Your Passion:Just like BMW, we love seeing passion in applications! Make sure to express your enthusiasm for the role and how it aligns with your career goals. Let us know why you're excited about joining our team!
Tailor Your CV:Don’t just send a generic CV! Highlight your relevant experience and skills that match the Underwriter role. We want to see how your background fits with what we're looking for, so make it personal!
Be Clear and Concise:When writing your application, keep it straightforward. Use clear language and avoid jargon. We appreciate well-structured applications that get straight to the point, showing us your decision-making skills.
Apply Through Our Website:Make sure to apply through our official website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Bayerische Motoren Werke Aktiengesellschaft
✨Know Your Numbers
As an Underwriter, you'll be evaluating financial data, so brush up on your financial analysis skills. Be prepared to discuss specific examples of how you've made sound decisions based on financial information in the past.
✨Understand FCA Regulations
Familiarise yourself with FCA regulatory requirements, especially around AML and Financial Crime. You might be asked how these regulations impact underwriting processes, so having a solid grasp will show you're ready for the role.
✨Showcase Team Spirit
This role requires collaboration with various teams. Think of examples where you've worked effectively in a team setting, particularly in high-pressure situations. Highlight your ability to escalate issues when necessary while still being a team player.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your decision-making skills. Practice articulating your thought process when faced with underwriting declines or appeals, and how you would approach mitigating risks while ensuring customer satisfaction.
