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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 in the automotive sector.
- Benefits: Enjoy competitive pay, professional development opportunities, and a supportive work environment.
- Why this job: Make an impact by ensuring quality underwriting while developing your leadership skills in a fast-paced setting.
- Qualifications: 3 years in financial services; experience in automotive finance is a bonus.
- Other info: Ideal for those passionate about compliance and team development in a thriving industry.
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
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. Attend industry events or join online forums to connect with people who can provide insights into the role and potentially refer you to opportunities at StudySmarter.
✨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 your previous roles.
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 with scorecard design and testing.
Craft a Strong Cover Letter: In your cover letter, explain why you are a great fit for the Manager - Underwriting team role. Mention specific examples from your past experience that demonstrate your ability to manage teams, adhere to service level agreements, and handle compliance issues.
Showcase IT Skills: Since the role requires proficiency in various IT systems, make sure to mention your experience with Excel, Word, PowerPoint, and any familiarity with Proposal Management Systems. Highlight any practical experience you have in IT systems requirements gathering.
Demonstrate Industry Knowledge: If you have experience in the automotive or consumer finance industry, be sure to include this in your application. Discuss how your knowledge of commercial and risk implications can contribute to the team's success and compliance levels.
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 UK policy rules and regulatory requirements relevant to underwriting, as well as the specific service level adherence targets expected from the role.
✨Showcase Your Leadership Skills
As a manager, you'll need to demonstrate your ability to lead and develop teams. Prepare examples of how you've successfully managed teams in the past, particularly in high-pressure environments, and how you've supported individual growth within those teams.
✨Prepare for Technical Questions
Expect questions related to your IT skills, especially regarding the Proposal Management System and scorecard design. Brush up on your knowledge of Excel, Word, and PowerPoint, and be ready to discuss any practical experience you have with IT systems requirements gathering.
✨Demonstrate Compliance Knowledge
Since compliance is a key aspect of this role, be prepared to discuss your understanding of KYC, AML, and other regulatory processes. Highlight any previous experience you have in ensuring adherence to these policies and how you’ve handled compliance-related challenges.
