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- Tasks: Ensure compliance with UK policies while managing underwriting and funding processes.
- Company: Join a leading financial services firm in the automotive sector, dedicated to growth and innovation.
- Benefits: Enjoy competitive pay, training opportunities, and a supportive work environment.
- Why this job: Be part of a dynamic team that values your input and fosters professional development.
- Qualifications: 3 years in financial services; automotive experience is a bonus.
- Other info: Ideal for tech-savvy individuals with strong analytical skills.
The predicted salary is between 36000 - 60000 £ per year.
The main purpose of the role is to ensure the Underwriter's and the Review, Booking and Funding team are working in accordance with UK policy rules and regulatory requirements, whilst maintaining Service Level Adherence targets. Supporting the development of both teams from an individual and a business growth perspective.
PRINCIPAL ACCOUNTABILITIES:
- In conjunction with the Compliance Team, undertake statistically representative sampling (proposal reviews) of deals paid out.
- Manage Underwriters to ensure they are underwriting company proposals in accordance with credit policy rules, retail portfolio quality and service level adherence targets.
- Pre-emptively reviews Underwriting work queues in accordance with agreed work queue status review targets; takes appropriate action to ensure team and individual Underwriter adherence to (time bound) service level agreement and service level intention targets.
- Acts as escalation point for inbound dealer and Account Manager enquiry calls in the event they cannot be resolved by Underwriters.
- Ensures Credit Director is aware of potential issues associated with proposal backlog.
- Works with IT resource(s) and the IT vendor to develop business rules that underpin the Proposal Management System (Genus) work queues.
- Ensures Underwriters are sufficiently trained in the use of the Proposal Management System (Genus) and supporting business process.
- Works with the Management Information System Coordinator to develop department specific management information reports (content, format, frequency, distribution, timeframes) as and when required.
- Undertake testing and tuning of the retail and commercial scorecards.
- Adhere to formal UK and regulatory processes and policies, including, but not limited to: KYC, AML, CONC, Affordability, Mental capacity and Vulnerability.
- Review SLA adherence and performance reports (in conjunction with Credit Director).
- When required, answers inbound dealer and Account Manager Enquiry calls.
IT Skills Profile:
- Excel; Intermediary level.
- Word: Intermediary level.
- PowerPoint: Intermediary level.
- Proposal Management System.
- Workflow management.
- Some practical experience in IT systems requirements gathering and documentation.
- Knowledge of Google Suite is advantageous.
KNOWLEDGE, EXPERIENCE, QUALIFICATIONS:
- 3 years' experience in an equivalent role in financial services.
- Experience in the automotive or consumer finance industry is a plus.
- Practical experience with scorecard design and testing.
- Understands the commercial and risk implications associated with timely and accurate credit/ lending decisions, dealer satisfaction and compliance levels; is able to balance them to dealer and regulatory agency satisfaction.
Underwriter, Review Booking & Funding in Slough, Berkshire employer: CONNECT RECRUITMENT CONSULTANTS LIMITED
Contact Detail:
CONNECT RECRUITMENT CONSULTANTS LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter, Review Booking & Funding in Slough, Berkshire
✨Tip Number 1
Familiarise yourself with UK policy rules and regulatory requirements relevant to underwriting. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance, which is crucial for this role.
✨Tip Number 2
Brush up on your Excel skills, especially in data analysis and reporting. Since the role involves managing performance reports and working with management information systems, being proficient in Excel will give you an edge.
✨Tip Number 3
Gain a solid understanding of scorecard design and testing. This knowledge is particularly relevant for the role, as it involves undertaking testing and tuning of retail and commercial scorecards.
✨Tip Number 4
Network with professionals in the automotive or consumer finance industry. Building connections can provide insights into the role and may even lead to referrals, increasing your chances of landing the job.
We think you need these skills to ace Underwriter, Review Booking & Funding in Slough, Berkshire
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial services, particularly any roles related to underwriting or compliance. Use specific examples that demonstrate your understanding of credit policy rules and service level adherence.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your experience with scorecard design and testing, as well as your ability to manage teams and ensure compliance with regulatory requirements.
Highlight IT Skills: Since the role requires proficiency in Excel, Word, PowerPoint, and Proposal Management Systems, be sure to detail your experience with these tools. Provide examples of how you've used them in previous roles to improve processes or reporting.
Showcase Relevant Experience: If you have experience in the automotive or consumer finance industry, make it prominent in your application. Discuss how this background has prepared you for the challenges of the Underwriter role and your understanding of dealer satisfaction and compliance.
How to prepare for a job interview at CONNECT RECRUITMENT CONSULTANTS LIMITED
✨Know Your Regulations
Familiarise yourself with UK policy rules and regulatory requirements relevant to the role. Being able to discuss these confidently will show your understanding of the compliance aspect of underwriting.
✨Demonstrate Team Management Skills
Prepare examples of how you've managed teams in the past, particularly in ensuring adherence to service level agreements. Highlight any experience you have in training or developing team members.
✨Showcase Your IT Proficiency
Be ready to discuss your experience with IT systems, especially any you've used for proposal management or workflow management. Mention your skills in Excel, Word, and PowerPoint, as well as any familiarity with Google Suite.
✨Prepare for Scenario Questions
Expect questions that assess your ability to handle real-life scenarios, such as managing proposal backlogs or dealing with escalated enquiries. Think of specific situations where you successfully navigated challenges in underwriting or compliance.
