At a Glance
- Tasks: Lead a team of underwriters, analysing business models and financial risks.
- Company: Dynamic underwriting team in London with a focus on collaboration.
- Benefits: Flexible hybrid working model, competitive salary, and professional development opportunities.
- Other info: Join a culture that values collaboration and continuous improvement.
- Why this job: Make a real impact by coaching talent and driving results in a fast-paced environment.
- Qualifications: Expertise in financial analysis and a passion for developing others.
The predicted salary is between 60000 - 80000 £ per year.
We are looking for a Senior Manager to join our Underwriting team in London. You will be part of a team that is responsible for underwriting enterprise customer applications with a focus on analysis relevant to Business Model, Credit Exposure and enhanced Financial Analysis. The ideal candidate must have a passion for coaching and developing people as you will be managing a team of underwriters with a focus on delivering results for the business.
Key Responsibilities
- Oversee people and performance management for a team of underwriters.
- Responsible for work assignments across your team within defined SLAs and productivity targets set at the department and company level.
- Serve as the first escalation point for all applications and tasks handled by your team.
- Serve as the first level approver for applications submitted by your team, providing expert level insight into the business model risk, credit risk and AML risk of a merchant.
- Leverage experience to upscale junior team members through training initiatives on business model and credit analysis, in line with internal policy guidelines.
- Ensure policies and processes are understood and adopted by your team to drive quality and efficiency.
- Conduct proficient analysis of P&L, balance sheet and cash flow statements of large, complex deals and prepare persuasive summaries to assess micro and macro risks, mitigants and make balanced recommendations to the Credit Risk Committee.
- Identify operational issues and areas for improvement, and make detailed recommendations on how to improve the merchant onboarding experience.
- Foster a culture of collaboration with key internal stakeholders, in particular Sales, and first and second line Risk and Compliance personnel and Legal.
- Contribute to Underwriting initiatives and projects as required.
Qualifications
- Expert level understanding in financial analysis with proficiency in evaluating high risk lines of businesses including travel, subscriptions, ticketing and events, securities dealers, gambling, amongst others.
- Understanding of KYC/KYB and Enhanced Due Diligence measures in the UK and EEA.
- Passion for coaching and nurturing talent, helping team members develop their technical skills and professional skills to achieve their goals.
- Apply qualitative and quantitative criteria to evaluate teammate performance against KPIs.
- Demonstrated ability to make sound judgment, balancing risk and reward.
- Possess excellent written and interpersonal communication skills.
- Adopt a ‘customer first’ mindset to deliver creative solutions for our merchants.
- Competent escalation management – act with urgency to ensure escalations are prioritized, owned, and resolved effectively.
- Ability to continually monitor and manage competing priorities and adjust accordingly.
- Possess enthusiasm to drive process improvement initiatives, and contribute to broader department initiatives and projects.
- High performance mindset defined by rigorous discipline and execution intensity.
- Contribute to cross team collaboration and building a One Team culture.
- Leading by example, you will demonstrate our core Values and live out our Operating Principles in everything you do.
Experience
- Coaching and developing the knowledge and skill of others within your domain expertise, preferably demonstrated through previous people management positions.
- Experience related to underwriting, credit insurance and/or commercial lending.
- Domain expertise within the payments industry will be preferable.
- Work in a team that uses qualitative and quantitative targets to measure performance.
- Expert level financial statement analysis and credit exposure assessment ability.
- Experience with concise written and oral presentations, and ability to deliver complex messages in a clear and focused manner.
- A highly analytical team player who loves to evaluate financial, compliance and business risks.
Hybrid Working Model
Our hybrid working model offers flexibility, with three days per week in the office to support collaboration and connection.
Senior Manager, Underwriting Underwriting London employer: Checkout Ltd
Checkout Ltd is an exceptional employer that fosters a dynamic and inclusive work culture, where collaboration and innovation thrive. With a strong focus on employee growth, the company offers ample opportunities for professional development while embracing a hybrid working model that promotes flexibility. Located in London, employees benefit from a vibrant city atmosphere, making it an ideal place for those seeking meaningful and rewarding careers in the legal field.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Manager, Underwriting Underwriting London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Checkout Ltd. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Manager, Underwriting Underwriting London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Checkout Ltd.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Checkout Ltd's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Checkout Ltd
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Checkout Ltd.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Checkout Ltd will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Checkout Ltd employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
