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- Tasks: Review and process motor finance proposals while ensuring compliance with credit risk parameters.
- Company: Close Brothers is a leading UK merchant banking group focused on lending and financial services.
- Benefits: Enjoy hybrid working options, a supportive environment, and a commitment to diversity and inclusion.
- Why this job: Join a dynamic team, enhance your decision-making skills, and deliver exceptional customer service.
- Qualifications: Strong communication, IT skills, and attention to detail; experience in negotiation is a plus.
- Other info: We celebrate diversity and are open to flexible work arrangements.
The predicted salary is between 28800 - 43200 ÂŁ per year.
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Overall Summary
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.
Overall Summary
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 as a Underwriter, the Underwriting team supports 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. You will be proactive and out-going, confident in dealing with our partners, retaining and maximising business through the delivery of exceptional customer service
Our ideal team member will be a self-motivated individual who has excellent planning and organisational skills with a good eye for detail. You need to be a good communicator with excellent decision-making mindset.
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.
- Processing of customer documentation.
- Adhering to requirements of dealer procedures along with certain database checks for items that may occur when underwriting e.g. CIFAS (UK Fraud Prevention Service).
- Operation of our proposal system with clear notes and rational which adheres to company standard and audit process
- Completing customer security checks.
- Processing the payment of funds to our dealer partners.
- Completing general administration tasks related to new business activity.
- Maintaining an understanding of the Motor market
- Ensure that all Governance and Compliance requirements are adhered to and all reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards required.
- 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.
- The ability to work well as part of a team collaboratively
- Experience in using decision-making skills.
- An 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:
- 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 an inclusive organisation and committed to ensuring our recruitment process is as accessible as possible to everyone. We will make adjustments for people who have a disability or long-term condition. If you need the job description or application form in an alternative format or would like to discuss the recruitment process with us, please email us at recruit.ssc@closebrothers.com or request a call back.
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.
To find out more about Close Brothers, please visit our careers page: https://www.closebrothers.com/careers
To find out more about life at Close Brothers:
https://www.closebrothers.com/life-close-brothers#374017299-899295541
To find out more about our benefits:
https://www.closebrothers.com/employee-benefits
To find out more about our commitment to creating an inclusive environment:
Our Responsibility – Diversity and inclusion ¦ Close Brothers Group
Seniority level
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Seniority level
Entry level
Employment type
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Employment type
Full-time
Job function
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Job function
Finance and Sales
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Underwriter employer: Close Brothers
Contact Detail:
Close Brothers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Familiarise yourself with the motor finance industry and current market trends. This knowledge will not only help you in interviews but also demonstrate your genuine interest in the role and the company.
✨Tip Number 2
Practice your negotiation skills, as this is a key part of the Underwriter role. Consider role-playing scenarios with friends or family to build your confidence in discussing terms and conditions.
✨Tip Number 3
Network with professionals in the underwriting and finance sectors. Attend industry events or join online forums to connect with others who can provide insights and potentially refer you to opportunities.
✨Tip Number 4
Prepare for potential interview questions by reviewing common underwriting scenarios. Think about how you would approach decision-making and risk assessment in various situations to showcase your analytical skills.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Underwriter role. Focus on your communication skills, attention to detail, and any previous underwriting or finance experience.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention how your background and skills make you a great fit for the Underwriter position at Close Brothers.
Highlight Relevant Skills: In your application, emphasise your IT skills, decision-making abilities, and experience with negotiation. These are key attributes for the Underwriter role and should be clearly presented.
Showcase Your Understanding of Compliance: If you have knowledge of FCA regulations or compliance-related experience, make sure to include this in your application. It demonstrates your awareness of the regulatory environment in which Close Brothers operates.
How to prepare for a job interview at Close Brothers
✨Understand the Role
Make sure you have a clear understanding of what an Underwriter does, especially in the context of motor finance. Familiarise yourself with the responsibilities listed in the job description and think about how your skills align with them.
✨Showcase Your Communication Skills
As an Underwriter, you'll need to liaise with dealer partners and customers. Prepare examples of how you've effectively communicated in previous roles, particularly in negotiations or decision-making scenarios.
✨Demonstrate Attention to Detail
Highlight your ability to process information accurately. You might be asked to discuss how you ensure precision in your work, so consider sharing specific instances where your attention to detail made a difference.
✨Prepare for Regulatory Questions
Since knowledge of FCA regulations is beneficial, brush up on relevant compliance topics. Be ready to discuss how you would handle regulatory requirements and any experience you have in this area, even if it's limited.
