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For Companies At a Glance
- Tasks: Lead underwriting for customer and broker facilities in Premium Finance, ensuring quality and speed.
- Company: Join Close Brothers, a leading UK merchant banking group committed to diversity and inclusivity.
- Benefits: Enjoy competitive salary, flexible working options, and opportunities for personal growth.
- Why this job: Be part of a dynamic team making impactful credit decisions in a supportive environment.
- Qualifications: Extensive experience in financial services with strong credit approval and management skills required.
- Other info: We promote accessibility and inclusivity, welcoming applications from all backgrounds.
The predicted salary is between 43200 - 72000 £ per year.
Overall Summary
At Close Brothers, we seek to recruit individuals from diverse backgrounds and encourage applications even if you do not meet every qualification. We promote diversity, inclusivity, and flexible working options to support work-life balance. Join the Close Brothers Credit Risk Team, where you will underwrite transactions within personal delegated credit authority and make recommendations to higher approval authorities, including the Group Credit Committee, within agreed SLAs. As a key member of the Credit Risk team, you should have significant credit approval experience in a financial or insurance institution, enabling you to underwrite transactions aligned with credit risk appetite and policy, with excellent analytical, written, and presentation skills.
Responsibilities
- Lead effective underwriting of customer facilities, broker facilities, and insurer contingent liabilities in Premium Finance, focusing on quality and speed to meet business and broker needs while maintaining credit risk standards.
- Develop a strong understanding of the Premium Finance business model, engaging stakeholders and providing SME advice on credit risk matters.
- Lead the Premium Finance Credit Team, fostering a robust learning environment and maintaining high standards in credit documentation.
- Contribute to the Premium Finance Executive Committee and Credit Risk leadership team, providing updates on portfolio quality and risk issues.
- Manage credit risk projects, ensuring effective engagement with business and group functions.
- Oversee and communicate credit risk policies and standards to the business and credit teams.
Developing Our People
As a line manager, you will inspire and motivate your team, support their development through coaching, and encourage responsibility for personal growth.
Candidate Profile
- Extensive experience in financial services with a proven track record in credit approval and management for Commercial and SME clients.
- Experience in the insurance sector.
- Knowledge of banking and insurance products and services.
- Proven leadership skills in team management.
- Understanding of security, legal, and documentation risks related to transactions.
- Ability to engage effectively with internal and external stakeholders.
Preferred Skills
- Knowledge of Premium Finance products and services (desirable).
We are committed to accessibility and inclusivity. Adjustments can be made for candidates with disabilities or long-term conditions. For alternative formats or further discussion, please contact us at recruit.ssc@closebrothers.com.
Close Brothers supports work-life balance with flexible, hybrid working arrangements. We are a leading UK merchant banking group with approximately 3,000 employees across the UK and Ireland, listed on the London Stock Exchange and part of the FTSE 250. Our mission is to be the best place in the UK for wealth professionals and clients, providing financial advice and investment services to a diverse clientele, including professionals, business owners, and charities. We value sustainability, social responsibility, and diversity, aiming for an inclusive workforce from the top down. We encourage applications from all backgrounds and are open to training and flexible working options to support your work-life balance.
Head of Underwriting - Premium Finance employer: Close Brothers
Contact Detail:
Close Brothers Recruiting Team
recruit.ssc@closebrothers.com
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Underwriting - Premium Finance
✨Tip Number 1
Familiarise yourself with the Premium Finance business model. Understanding how it operates will not only help you in interviews but also demonstrate your genuine interest in the role and the company.
✨Tip Number 2
Network with professionals in the financial services and insurance sectors. Attend industry events or join relevant online forums to connect with people who can provide insights into the role and potentially refer you.
✨Tip Number 3
Prepare to discuss your leadership style and experiences. As a Head of Underwriting, showcasing your ability to inspire and develop a team will be crucial, so think of specific examples that highlight your management skills.
✨Tip Number 4
Stay updated on current trends and challenges in credit risk management. Being knowledgeable about the latest developments will allow you to engage in meaningful discussions during interviews and show that you're proactive.
We think you need these skills to ace Head of Underwriting - Premium Finance
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Underwriting position. Tailor your application to highlight your relevant experience in credit approval and management.
Highlight Leadership Experience: Since this role involves leading a team, emphasise your leadership skills and any previous experience managing teams. Provide specific examples of how you've inspired and developed your team members.
Showcase Analytical Skills: The job requires excellent analytical skills. In your application, include examples of how you've successfully analysed credit risks and made informed decisions in previous roles.
Tailor Your CV and Cover Letter: Customise your CV and cover letter to reflect the specific skills and experiences that align with the job description. Use keywords from the job posting to demonstrate your fit for the role.
How to prepare for a job interview at Close Brothers
✨Understand the Premium Finance Business Model
Before your interview, make sure you have a solid grasp of the Premium Finance business model. This will help you engage effectively with stakeholders and demonstrate your expertise in credit risk matters.
✨Showcase Your Leadership Skills
As a potential leader of the Premium Finance Credit Team, be prepared to discuss your leadership style and how you've inspired and developed teams in the past. Share specific examples that highlight your ability to motivate and coach others.
✨Prepare for Technical Questions
Expect questions related to credit approval processes and risk management. Brush up on your knowledge of banking and insurance products, as well as security and legal risks associated with transactions, to showcase your expertise.
✨Demonstrate Your Analytical Skills
Since the role requires excellent analytical skills, be ready to discuss how you've used data to make informed decisions in previous roles. Prepare examples that illustrate your ability to analyse credit risk and present findings clearly.
