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- Tasks: Evaluate car loan applications and make lending decisions in a fast-paced finance environment.
- Company: Join Car Finance 247, an award-winning company near Manchester City Centre.
- Benefits: Enjoy subsidised parking, free gym access, birthday off, and a vibrant work culture.
- Why this job: Kickstart your finance career while making a real impact on customer experiences.
- Qualifications: Experience in credit underwriting and strong communication skills are essential.
- Other info: Exciting projects ahead with excellent career progression opportunities.
The predicted salary is between 28800 - 48000 £ per year.
Are you looking to kickstart your career in the exciting world of finance? Join us at Car Finance 247 as a Dealer Underwriter, where you'll dive into the fast-paced environment of car loan evaluation. You will evaluate customer car loan applications and make lending decisions on those applications. The Broker Underwriter will review personal application details for potential fraud markers, analyse customer credit profiles, complete bank checks, and review the vehicle against lending criteria.
CarFinance 247 has a range of lenders with specific criteria. We have a data science model which helps identify whether the customer is eligible to fit that lender. In many cases, this may not be the case and it is the job of our Broker Underwriter to review the application for specific clues which may indicate that it could be accepted by one of our lenders if it met certain conditions. You will operate in a fast-paced environment where both pace and accuracy of work are equally important, providing a high-quality service to CarFinance 247 and to customers.
Key Responsibilities:
- Underwrite business in line with Company Credit Policy and Compliance guidelines, ensuring good outcomes for both the customer and the business.
- Conduct yourself in a manner that upholds and promotes the 247 Group Company Values guiding principles and behaviours.
- Communicate effectively with the broker division and customers both verbally and over email/letter.
- Work to ensure that the highest level of service is consistently delivered to the customer.
- Work in an organised fashion to ensure productivity and effective management of your caseload.
- Achieve individual KPIs for approvals, QA, and SLAs.
- Adhere to the Supply of Goods Act 1982, Consumer Rights Act 2015, TCF, DPA and Financial Conduct Authority (FCA) guidelines.
- Maintain case management and CRM software systems with accurate and comprehensive notes.
About You
Key Experience Required:
- Essential - previous experience within a credit underwriting role, preferable in vehicle finance.
- Detailed knowledge of analysing and interpreting customer credit profiles.
- Ability to work autonomously and consistently practice accurate judgement.
- Excellent verbal and written communication skills.
- Ability to work under pressure whilst maintaining high attention to detail.
- Ability to deal with sensitive situations and sometimes vulnerable or challenging customers.
- Knowledge of regulations relating to compliance, data protection, Anti Money Laundering, Consumer Credit Directive, Consumer Credit Act ideal.
Competencies:
- Underwriting
- Quality Assurance
- Writing and reporting
- Presenting and communicating information
- Following instructions and procedure
- Delivering results and meeting customer expectations
About Us
Benefits:
- Subsidised Onsite Parking
- A great working environment with free fruit and juice bars
- Birthday off!
- Onsite Gym
- Free transport to and from Piccadilly Train station
- Free Barista bar serving teas and coffees
- Excellent career progression
CarFinance 247 is an award-winning business just outside of Manchester City Centre. We create personalised and high-quality customer experiences driven by outstanding tech, streamlined processes, and most importantly, amazing people. Over the next 12 months, we have exciting upcoming projects to cement our position as market leaders in every aspect of our business and that journey starts with attracting the best talent.
As an equal opportunity employer, the 247 Group is committed to the equal treatment of all current and prospective employees and does not condone discrimination on the basis of age, disability, sex, sexual orientation, pregnancy and maternity, race or ethnicity, religion or belief, gender identity, or marriage and civil partnership. We aspire to have a diverse and inclusive workplace and strongly encourage suitably qualified applicants from a wide range of backgrounds to apply and join the 247 Group.
Dealer Underwriter in Manchester employer: CarFinance 247
Contact Detail:
CarFinance 247 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Dealer Underwriter in Manchester
✨Tip Number 1
Network like a pro! Reach out to people in the finance industry, especially those who work at Car Finance 247. A friendly chat can open doors and give you insider info about the company culture and what they really value in candidates.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of credit underwriting and vehicle finance. Be ready to discuss how you’ve handled sensitive situations or challenging customers in the past. Show us you can keep your cool under pressure!
✨Tip Number 3
Don’t just apply and wait! Follow up on your application with a quick email or call. It shows your enthusiasm and helps you stand out from the crowd. We love seeing candidates who are proactive!
✨Tip Number 4
When you get that interview, make sure to ask questions! Inquire about the team dynamics, the tech they use, or upcoming projects. This not only shows your interest but also helps you figure out if Car Finance 247 is the right fit for you.
We think you need these skills to ace Dealer Underwriter in Manchester
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Dealer Underwriter role. Highlight your previous experience in credit underwriting and any relevant skills that match the job description. We want to see how you fit into our fast-paced environment!
Show Off Your Communication Skills: Since effective communication is key in this role, don’t shy away from showcasing your verbal and written communication abilities. Use clear and concise language in your application to demonstrate that you can communicate effectively with both brokers and customers.
Highlight Attention to Detail: As an underwriter, accuracy is crucial. Make sure to emphasise your ability to work under pressure while maintaining high attention to detail. We love candidates who can juggle multiple tasks without compromising on quality!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen to join the Car Finance 247 team!
How to prepare for a job interview at CarFinance 247
✨Know Your Numbers
Before the interview, brush up on your knowledge of credit profiles and underwriting criteria. Familiarise yourself with common financial terms and the specific lending criteria of Car Finance 247. This will show that you’re not just interested in the role but also understand the industry.
✨Showcase Your Communication Skills
As a Dealer Underwriter, effective communication is key. Prepare examples of how you've successfully communicated with clients or colleagues in previous roles. Be ready to demonstrate your ability to convey complex information clearly, both verbally and in writing.
✨Prepare for Scenario Questions
Expect questions that assess your judgement and decision-making skills. Think of scenarios where you had to analyse data or make tough calls under pressure. Practising these responses will help you articulate your thought process during the interview.
✨Emphasise Attention to Detail
In underwriting, accuracy is crucial. Be prepared to discuss how you ensure precision in your work. Share specific examples from your past experience where your attention to detail made a significant difference in outcomes, especially in high-pressure situations.
