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For Companies At a Glance
- Tasks: Evaluate loan applications and assess risks to make informed decisions.
- Company: Join a leading UK Retail Bank focused on bridging underwriting.
- Benefits: Enjoy competitive pay, career growth opportunities, and a supportive team environment.
- Why this job: Be part of a dynamic team making impactful financial decisions in a fast-paced industry.
- Qualifications: Previous underwriting experience and knowledge of bridging loans are essential.
- Other info: Work closely with introducers, valuers, and solicitors to ensure service excellence.
The predicted salary is between 43200 - 72000 £ per year.
Buckden Partners has been mandated by our UK Retail Bank client who are looking to add to their bridging underwriting team. The Underwriters are responsible for evaluating and determining the feasibility of all loan applications. The underwriter will do this by validating the information provided, evaluating the risks associated with the asset and borrower and making an informed decision on the approval/denial of the application.
Reporting into the Head of Credit, your responsibilities will cover:
- Underwriting and assessing loan documentation, including valuation reports and requesting additional information from brokers where required, highlighting any concerns.
- Carrying out checks on the applicants and properties and assessing their suitability for the loan applied for.
- Proactive chasing of outstanding information from third parties and timely updates to introducers to enable service excellence.
- Recommending and referring cases to Head of Lending where exception approval is required.
- Liaising with introducers, valuers and solicitors.
- Supporting and guiding colleagues on all matters relating to the underwriting and completion of mortgages.
- Managing decisions on enquiries, new applications and responding within agreed time frames.
Core Skills
- Previous underwriting experience is required.
- Experience with bridging residential, commercial and refurbishment loans.
- Understanding of the regulatory environment and in particular TCF.
- Provide exceptional service to all third parties.
- Strong attention to detail and high standards.
- High level problem solving and ability to fully justify commercial decisions.
- Excellent time management, organisation and prioritisation of workload.
Bridging Senior Underwriter - UK Retail Bank employer: Buckden Partners
Contact Detail:
Buckden Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Bridging Senior Underwriter - UK Retail Bank
✨Tip Number 1
Network with professionals in the bridging finance sector. Attend industry events or join relevant online forums to connect with current underwriters and learn about their experiences. This can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest regulations and compliance standards in the UK retail banking sector, especially those related to bridging loans. Being well-versed in these areas will demonstrate your commitment and expertise during interviews.
✨Tip Number 3
Prepare for potential case studies or scenario-based questions that may arise during the interview process. Practising how you would assess various loan applications and justify your decisions can set you apart from other candidates.
✨Tip Number 4
Showcase your problem-solving skills by discussing past experiences where you successfully navigated complex underwriting situations. Highlighting specific examples can illustrate your ability to handle the responsibilities of the role effectively.
We think you need these skills to ace Bridging Senior Underwriter - UK Retail Bank
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your previous underwriting experience, especially in bridging residential, commercial, and refurbishment loans. Use specific examples to demonstrate your skills in evaluating loan applications and managing risks.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your understanding of the regulatory environment and how you can provide exceptional service to third parties, as this is crucial for the position.
Showcase Problem-Solving Skills: Provide examples in your application that showcase your problem-solving abilities. Highlight situations where you had to justify commercial decisions or manage complex enquiries effectively.
Highlight Attention to Detail: Emphasise your strong attention to detail in your application. Mention any relevant experiences where your meticulousness led to successful outcomes in underwriting or assessing loan documentation.
How to prepare for a job interview at Buckden Partners
✨Showcase Your Underwriting Experience
Make sure to highlight your previous underwriting experience during the interview. Be prepared to discuss specific cases you've worked on, particularly in bridging residential, commercial, and refurbishment loans, as this will demonstrate your expertise and suitability for the role.
✨Understand the Regulatory Environment
Familiarise yourself with the regulatory environment, especially the Treating Customers Fairly (TCF) principles. Being able to articulate how you ensure compliance in your underwriting decisions will show that you are knowledgeable and responsible.
✨Demonstrate Problem-Solving Skills
Prepare examples of how you've tackled complex underwriting challenges in the past. Highlight your problem-solving abilities and how you justified your commercial decisions, as this is crucial for the role.
✨Emphasise Communication Skills
Since the role involves liaising with introducers, valuers, and solicitors, be ready to discuss your communication style. Share instances where you provided exceptional service or effectively managed relationships with third parties to ensure smooth processes.
