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- Tasks: Assess credit applications and analyse complex financial accounts for lending decisions.
- Company: Leading financial services provider with a focus on innovation and efficiency.
- Benefits: Market-leading salary, bonuses, and excellent additional benefits.
- Why this job: Join a dynamic team and make impactful lending decisions in a fast-paced environment.
- Qualifications: Experience in commercial finance and strong analytical skills required.
- Other info: Equal opportunities employer welcoming diverse applicants.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a leading provider of Financial Services to businesses, requires a New Business Underwriter to join their Receivables & Asset Based Lending team in South East England. The role will involve acting as a conduit between the new business team and the organisation's credit committee, assessing credit applications in line with the company's credit policy. Typically, this role will include collateral assessment, financial forecasting, and the in-depth analysis of complex financial accounts. Deal size will typically range between £1 Million and £20 Million.
Key responsibilities:
- Drive continuous improvement activity, challenging processes and procedures to ensure optimal efficiency and effectiveness, whilst being aligned with business delivery.
- Responsible for making an independent assessment of the risk proposition presented, and to carefully weigh up interests and responsibly maintain and build up the credit portfolio, with a view to optimising the lending process.
- Oversee credit risks and analyse, assess, and authorise loan proposals, as well as advise Relationship Managers on lending-related issues and coordinate lending process activities, all within the formulated credit policy.
- Analyse and interpret complex financial documentation.
Key Skills:
- Knowledge of commercial finance market and products.
- Experience in structuring of deals.
- Ability to interpret financial statements.
- Highly numerate with a good understanding of credit risk methodologies, with experience of credit risk and portfolio analysis.
- Good knowledge of credit risk policies, processes, and controls.
- Excellent written and presentational skills.
The successful candidate will be rewarded with a market-leading basic salary, plus bonus, plus a range of excellent additional benefits. We are an equal opportunities employer and welcome applications from all qualified candidates.
New Business Underwriter – Receivables & ABL – South East in London employer: Business Money Promotions Ltd
Contact Detail:
Business Money Promotions Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land New Business Underwriter – Receivables & ABL – South East in London
✨Tip Number 1
Network like a pro! Reach out to people in the financial services industry, especially those who work in underwriting or credit risk. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of commercial finance and credit risk methodologies. We recommend practising common interview questions and scenarios related to assessing credit applications and financial documentation.
✨Tip Number 3
Showcase your analytical skills! During interviews, be ready to discuss how you've tackled complex financial accounts in the past. Use specific examples to demonstrate your ability to interpret financial statements and assess risks.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our platform.
We think you need these skills to ace New Business Underwriter – Receivables & ABL – South East in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the New Business Underwriter role. Highlight your experience in credit risk and financial analysis, as these are key skills we’re looking for. Use specific examples that demonstrate your ability to assess complex financial accounts.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Explain why you’re passionate about the role and how your background aligns with our needs. Don’t forget to mention your understanding of the commercial finance market and any relevant achievements.
Showcase Your Analytical Skills: Since this role involves analysing financial documentation, make sure to showcase your analytical skills in your application. Provide examples of how you've successfully interpreted financial statements or assessed credit risks in previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Business Money Promotions Ltd
✨Know Your Numbers
As a New Business Underwriter, you'll need to be highly numerate. Brush up on your financial analysis skills and be prepared to discuss how you interpret complex financial statements. Practise explaining your thought process clearly, as this will show your analytical capabilities.
✨Understand the Credit Landscape
Familiarise yourself with the commercial finance market and the specific products your potential employer offers. Being able to discuss current trends and challenges in the industry will demonstrate your genuine interest and knowledge, making you stand out.
✨Prepare for Scenario Questions
Expect questions that assess your ability to make independent risk assessments. Prepare examples from your past experience where you've successfully evaluated credit risks or structured deals. Use the STAR method (Situation, Task, Action, Result) to frame your responses.
✨Showcase Your Communication Skills
Since you'll be advising Relationship Managers and coordinating lending processes, strong communication is key. Practise articulating your thoughts clearly and concisely. Consider doing mock interviews with a friend to refine your presentation skills and ensure you can convey complex information effectively.
