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For Companies At a Glance
- Tasks: As an Underwriter, you'll evaluate loan applications and ensure accurate credit decisions.
- Company: Join Castle Trust Bank, a fintech challenger bank revolutionising property mortgages and retail finance.
- Benefits: Enjoy hybrid working, competitive salary, performance bonuses, generous leave, and private healthcare.
- Why this job: Be part of a dynamic team driving innovation in finance while making impactful lending decisions.
- Qualifications: Proven underwriting experience with strong credit assessment skills and attention to detail required.
- Other info: We celebrate diversity and are committed to creating an inclusive workplace for all.
The predicted salary is between 28800 - 42000 £ per year.
The opportunity
We have an opportunity for an Underwriter to join us on the exciting and rewarding path we are taking here at Castle Trust Bank. We pride ourselves in being a fintech challenger bank, providing specialist property mortgages, retail finance lending and savings accounts to a variety of customers.
Our retail finance division, Omni Capital, partners with retailers nationwide to provide their customers with innovative credit solutions, using state-of-the-art technology that allow them to spread the cost of their purchases. We\’re on the lookout for new talent to join Omni to help continue to drive our thriving business forward.
We offer finance in-store or online with credit decisions provided within seconds, and as an Underwriter you will be responsible for processing credit and fraud referrals from point-of-sale customers. Providing support to the Omni Operations team, you will play an important role in evaluating the accuracy and authenticity of loan applications, validating identify and assessing affordability to fulfil the obligations of the credit agreement applied for and ensuring that credit applications are decisioned in an accurate and timely manner, making full use of all systems and processes available.
The role is based at our Basingstoke office (which is the home to the Omni Operations team) with hybrid working available once competent in the role (a minimum of 3 days per week in the office). This is a full-time opportunity, covering the following hours: 37.5 hours per week, shifts across the following – 9am to 8pm Monday to Friday, 9am to 6pm Saturday and 10am to 5pm Sunday).
What We Are Looking For In You…
What is important to us is that you have proven underwriting experience (this could be from an insurance, mortgage or consumer credit setting) with strong credit assessment capability with the ability to review credit searches, fraud indicators and bank statements to make informed lending decisions. Considering the nature of the role, you should have a good awareness of the consumer credit act and FCA regulation.
In addition, you should be inquisitive and analytical with the ability to pay meticulous attention to detail, with excellent communication skills and the ability to make sound, risk-based lending decisions in what will be a busy and pressurised environment. Considering the nature of this role, you will need to be comfortable working to targets whilst at the same time being thorough and methodical in your approach.
What\’s In It For You…
As well as a competitive salary, we offer an annual performance related bonus based on individual and company performance. In addition, a generous contributory pension scheme through Hargreaves Lansdown, life assurance, 25 days annual leave (plus bank holidays on top) with the option to buy/sell up to 5 additional days (terms apply). In addition, you will receive an extra day paid annual leave for Volunteering.
Wellbeing is also high on our agenda, and we offer private healthcare through Bupa. In addition, all colleagues have free access to TELUS Health EAP to support their health and wellbeing. We also offer free eye test vouchers and discounted gym membership, and if that\’s not enough, we also offer season ticket travel loans (if applicable).
Caught your attention? If so, we\’d love to talk to you and tell you more about what it\’s like to work at Castle Trust Bank – The Place To Work!
Castle Trust Bank is an equal opportunity employer where we celebrate diversity and are committed to creating an inclusive environment for all our colleagues to thrive. We welcome applications from all and will not discriminate against any status/characteristic protected by law and will always base our decisions on merit.
We are proud to support people with disabilities and are committed to be a Disability Confident employer. If you are a person with a disability and meet the minimum criteria for the role you will be offered an interview. Should you require any reasonable adjustment to support you in your application for one of our opportunities, please contact talent@castletrust.co.uk
Check out our careers page: https://www.castletrust.co.uk/careers/who-we-are #J-18808-Ljbffr
Loan Underwriter employer: Castle Trust Bank
Contact Detail:
Castle Trust Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Underwriter
✨Tip Number 1
Familiarise yourself with the Consumer Credit Act and FCA regulations. Understanding these will not only help you in the interview but also demonstrate your commitment to compliance, which is crucial for an Underwriter role.
✨Tip Number 2
Brush up on your analytical skills by practising credit assessments. You might want to review sample loan applications and practice making decisions based on credit searches and fraud indicators to showcase your expertise during discussions.
✨Tip Number 3
Prepare to discuss your previous underwriting experience in detail. Be ready to share specific examples of how you've made informed lending decisions under pressure, as this will highlight your ability to thrive in a busy environment.
✨Tip Number 4
Network with professionals in the fintech and underwriting sectors. Engaging with others in the industry can provide insights into the company culture at Castle Trust Bank and may even lead to valuable referrals.
We think you need these skills to ace Loan Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Loan Underwriter position at Castle Trust Bank. Understand the key responsibilities and required skills, such as credit assessment capability and knowledge of the consumer credit act.
Tailor Your CV: Customise your CV to highlight relevant underwriting experience, particularly in insurance, mortgage, or consumer credit settings. Emphasise your analytical skills and attention to detail, as these are crucial for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the position and the company. Mention specific experiences that demonstrate your ability to make informed lending decisions and your familiarity with FCA regulations.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is essential for an Underwriter.
How to prepare for a job interview at Castle Trust Bank
✨Showcase Your Underwriting Experience
Make sure to highlight your previous underwriting experience, whether it's in insurance, mortgages, or consumer credit. Be prepared to discuss specific cases where you made informed lending decisions and how you assessed credit searches and fraud indicators.
✨Demonstrate Attention to Detail
Given the meticulous nature of the role, emphasise your ability to pay attention to detail. You might want to share examples of how your thoroughness has positively impacted your previous work, especially in high-pressure situations.
✨Understand Regulatory Frameworks
Familiarise yourself with the Consumer Credit Act and FCA regulations. During the interview, be ready to discuss how these regulations influence your decision-making process and ensure compliance in your underwriting practices.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your analytical skills and decision-making abilities. Practice responding to hypothetical situations where you need to evaluate loan applications and make risk-based lending decisions.
