At a Glance
- Tasks: Assess customer credit risk and make informed lending decisions.
- Company: Join a leading financial services firm with a focus on innovation.
- Benefits: Competitive salary, flexible working hours, and career development opportunities.
- Other info: Dynamic team environment with opportunities for professional growth.
- Why this job: Make impactful decisions that help customers while growing your finance skills.
- Qualifications: 3 years in underwriting or credit analysis; automotive finance experience is a plus.
The predicted salary is between 35000 - 45000 £ per year.
The Underwriting Specialist role is to assess the risk associated with extending customer credit and financing.
Principal Accountabilities:
- The Underwriting Specialist will assess this risk by manually underwriting dealer proposals in accordance with the company credit/underwriting policy rules and in accordance with service level adherence targets.
- The Underwriter is responsible for ensuring that the quality of their underwriting decisions is in accordance with company tolerances and credit policy rule sets.
- As part of the manual underwriting process, the Underwriter will undertake the appropriate analysis of retail customer’s financial statements in order to assist in reaching timely and accurate conclusions on the Referral (e.g., “Accept” or “Decline” decision).
- This information, coupled with an analysis of the customer’s repayment capacity, will enable the Underwriter to reach the appropriate lending decision.
- The Underwriting Specialist will utilise the Genus system to achieve acceptance decision targets.
- Using a proactive approach to work management and service level adherence, the Underwriter also uses the Genus system to help self‑manage their work queues.
- This will ensure that work queues are reviewed and actioned in accordance with agreed proposal status review targets.
Knowledge, Experience, Qualifications:
- 3 years’ experience in an underwriting or credit analyst position in financial services.
- Experience in the automotive or consumer finance industry is advantageous.
- Practical experience with scorecard design and testing.
Underwriter in Slough employer: Connect Recruitment Consultants
As an Underwriting Specialist with us, you will thrive in a dynamic work culture that prioritises collaboration and professional growth. We offer competitive benefits, including ongoing training and development opportunities tailored to enhance your underwriting skills, all within a supportive environment that values your contributions. Located in a vibrant area, our company not only fosters a strong sense of community but also provides unique advantages such as flexible working arrangements and access to industry-leading resources.
Contact Details:
Connect Recruitment Consultants Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter in Slough
✨Tip Number 1
Network like a pro! Reach out to folks in the underwriting and finance sectors. Attend industry events or join online forums. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your skills! Prepare for interviews by brushing up on your underwriting knowledge and be ready to discuss your experience with credit analysis. Use real examples from your past roles to demonstrate your expertise.
✨Tip Number 3
Don’t just apply anywhere—apply through our website! We love seeing candidates who are genuinely interested in joining our team. Tailor your application to highlight how your experience aligns with our underwriting needs.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in the interviewer's mind. Plus, it’s a great chance to reiterate why you’re the perfect fit!
We think you need these skills to ace Underwriter in Slough
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in underwriting or credit analysis. We want to see how your skills match the role, so don’t be shy about showcasing your relevant achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the Underwriting Specialist role and how your background makes you a perfect fit. We love a good story!
Showcase Your Analytical Skills:Since the role involves assessing risk and analysing financial statements, make sure to mention any specific tools or methodologies you’ve used in the past. We’re keen on seeing your analytical prowess!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Connect Recruitment Consultants
✨Know Your Numbers
As an Underwriting Specialist, you'll need to demonstrate your understanding of financial statements and risk assessment. Brush up on key financial metrics and be ready to discuss how you analyse them in your previous roles.
✨Familiarise Yourself with Genus
Since the role involves using the Genus system, it’s a good idea to get acquainted with it beforehand. If you can, find resources or tutorials online to understand its functionalities, as this will show your proactive approach during the interview.
✨Prepare for Scenario Questions
Expect questions that ask you to assess hypothetical dealer proposals. Practice articulating your thought process clearly, focusing on how you would evaluate risk and make lending decisions based on company policies.
✨Highlight Relevant Experience
Make sure to emphasise your experience in underwriting or credit analysis, especially if you have worked in the automotive or consumer finance sectors. Share specific examples of how you've successfully managed work queues and adhered to service level targets.
