At a Glance
- Tasks: Review and process motor finance proposals while ensuring compliance with credit risk parameters.
- Company: Join Close Brothers, a leading UK merchant banking group that values diversity and inclusivity.
- Benefits: Enjoy hybrid working, competitive salary, and a supportive work-life balance.
- Other info: Flexible work options and excellent career growth opportunities await you.
- Why this job: Make impactful decisions that help customers and dealer partners thrive.
- Qualifications: Strong communication, IT skills, and decision-making abilities are essential.
The predicted salary is between 30000 - 40000 £ per year.
At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life. Join the Close Brothers Motor Finance Team where you will support our dealer partners and end customers by manually reviewing and processing motor finance proposals, whilst ensuring the business accepted by Close Brothers Motor Finance (CBMF) is within the business’ credit risk parameters. Working as part of the Underwriting team our ideal team member will have previous experience in making the right decisions to ensure great outcomes for customers and dealer partners with excellent planning and organisational skills.
Responsibilities
- Processing customer proposals and underwriting them in line with company policies and procedures.
- Liaising with motor dealer partners regarding the outcome / decisions of a proposal that has been underwritten.
- Negotiating with dealers the figures and requirements to make the deal acceptable to CBMF and appropriate for the customer.
- Completing customer security checks.
- Processing the payment of funds to our dealer partners.
- Completing general administration tasks related to new business activity.
- Proactively record any regulatory incidents (within the CBMF regulatory requirements).
WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE:
- Excellent communication skills.
- Excellent IT skills (MS Word, Excel and Outlook) with the ability to learn new systems.
- An ability to work well as part of a team collaboratively.
- Experience in using decision‑making skills.
- The ability to use and interpret information and data efficiently.
- A good attention to detail with high levels of accuracy.
- Experience of using negotiation skills within an operations process.
IT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU HAVE:
- Knowledge of FCA regulations relating to Compliance, Data Protection, Anti Money Laundering, Consumer Credit Directive or Consumer Credit Act.
- Previous experience in an underwriting position and having held a mandate.
We are committed to providing an inclusive and accessible recruitment process. We recognise that candidates may have specific needs that require adjustments to ensure they have a fair and equal opportunity to demonstrate their skills and abilities. Candidates who require the job description or application form in an alternative format, or any other adjustments, are encouraged to email us at recruit.ssc@closebrothers.com.
About Us: At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working. Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. We employ approximately 3,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250.
Underwriter in Doncaster employer: Close Brothers Motor Finance
Close Brothers is an excellent employer that values diversity and inclusivity, offering flexible work options to help you achieve a healthy work-life balance. As part of the Underwriting team, you'll benefit from a supportive work culture that encourages collaboration and professional growth, alongside competitive benefits and opportunities for career advancement within a leading UK merchant banking group.
Contact Details:
Close Brothers Motor Finance Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter in Doncaster
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to underwriting. We recommend role-playing with a friend or using online resources to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your skills during interviews by sharing specific examples of how you've made decisions in past roles. Highlight your attention to detail and negotiation skills, as these are key for an underwriter.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining the Close Brothers team.
We think you need these skills to ace Underwriter in Doncaster
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Underwriter role. Highlight your decision-making abilities and any relevant experience in underwriting or finance to catch our eye!
Craft a Compelling Cover Letter:Use your cover letter to tell us why you’re the perfect fit for the team. Share specific examples of how you've successfully navigated similar challenges in the past, and don’t forget to show your enthusiasm for the role!
Show Off Your Communication Skills:Since excellent communication is key for this role, make sure your application is clear and concise. Use straightforward language and structure your thoughts logically to demonstrate your ability to communicate effectively.
Apply Through Our Website:We encourage you to apply directly through our careers page. It’s the best way to ensure your application gets to us quickly and efficiently, plus you can explore more about what we do and our company culture!
How to prepare for a job interview at Close Brothers Motor Finance
✨Know Your Stuff
Before the interview, make sure you understand the basics of underwriting and the specific responsibilities of the role at Close Brothers. Brush up on FCA regulations and any relevant compliance knowledge. This will show that you're serious about the position and ready to hit the ground running.
✨Show Off Your Communication Skills
As an underwriter, you'll need to liaise with dealer partners and customers regularly. During the interview, practice clear and concise communication. Use examples from your past experiences where you've successfully negotiated or explained complex information to demonstrate your skills.
✨Be Detail-Oriented
Attention to detail is crucial in underwriting. Prepare to discuss how you've managed accuracy in your previous roles. Bring examples of how you've caught errors or improved processes through your meticulous approach. This will highlight your suitability for the role.
✨Ask Insightful Questions
At the end of the interview, don’t shy away from asking questions. Inquire about the team dynamics, the tools they use for underwriting, or how they handle regulatory changes. This shows your interest in the role and helps you gauge if it's the right fit for you.
