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- Tasks: Lead the Underwriting team to ensure compliance with UK policies and service targets.
- Company: Join a dynamic financial services company focused on growth and innovation.
- Benefits: Enjoy competitive pay, professional development opportunities, and a supportive work culture.
- Why this job: Make an impact in a fast-paced environment while developing your leadership skills.
- Qualifications: 3 years in financial services; automotive finance experience is a bonus.
- Other info: Ideal for those passionate about compliance and team development.
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.
Be one of the first applicants, read the complete overview of the role below, then send your application for consideration.
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
Manager - Underwriting team employer: Connect Recruitment
Contact Detail:
Connect Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager - Underwriting team
✨Tip Number 1
Familiarise yourself with the 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
Network with professionals in the financial services and automotive sectors. Engaging with industry peers can provide insights into best practices and may even lead to referrals, increasing your chances of landing the job.
✨Tip Number 3
Brush up on your IT skills, particularly with Excel and any Proposal Management Systems. Being able to demonstrate your proficiency in these tools during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with scorecard design and testing. Be ready to share specific examples of how you've contributed to improving underwriting processes or compliance in previous roles, as this will highlight your suitability for the position.
We think you need these skills to ace Manager - Underwriting team
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial services, particularly in underwriting or similar roles. Emphasise your understanding of compliance and regulatory requirements, as well as any experience in the automotive or consumer finance industry.
Craft a Strong Cover Letter: In your cover letter, clearly express your motivation for applying to this role. Mention specific experiences that demonstrate your ability to manage teams and adhere to service level agreements, as well as your familiarity with proposal management systems.
Highlight IT Skills: Since the role requires proficiency in Excel, Word, PowerPoint, and other IT systems, make sure to detail your experience with these tools. If you have knowledge of Google Suite or experience in scorecard design, be sure to include that as well.
Showcase Leadership Experience: Demonstrate your leadership skills by providing examples of how you've managed teams in the past. Discuss how you've supported team development and ensured adherence to policies and procedures, which is crucial for this role.
How to prepare for a job interview at Connect Recruitment
✨Understand the Role Thoroughly
Make sure you have a solid grasp of the responsibilities outlined in the job description. Familiarise yourself with terms like 'service level adherence' and 'credit policy rules', as these will likely come up during the interview.
✨Showcase Your Leadership Skills
As a Manager, you'll need to demonstrate your ability to lead and develop teams. Prepare examples from your past experience where you've successfully managed a team or improved performance metrics.
✨Prepare for Technical Questions
Given the IT skills required, be ready to discuss your experience with systems like Proposal Management Systems and your proficiency in Excel, Word, and PowerPoint. You might be asked to explain how you've used these tools in previous roles.
✨Highlight Compliance Knowledge
Since the role involves adhering to UK policies and regulatory requirements, brush up on relevant regulations such as KYC and AML. Be prepared to discuss how you've ensured compliance in your previous positions.
