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For Companies At a Glance
- Tasks: Assess customer credit risk and make informed lending decisions.
- Company: Dynamic financial services firm with a focus on innovation.
- Benefits: Competitive salary, flexible hours, and opportunities for professional growth.
- Other info: Fast-paced environment with potential for career advancement.
- Why this job: Join a team that values your analytical skills and helps you grow in finance.
- Qualifications: 3 years in underwriting or credit analysis; automotive finance experience is a plus.
The predicted salary is between 36000 - 60000 £ per year.
Job Title: Underwriting Specialist
Purpose Summary
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
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Underwriter employer: Connect Recruitment
Contact Detail:
Connect Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the underwriting and finance sectors. Attend industry events or join online forums. You never know who might have a lead on your dream job!
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge. Be ready to discuss your experience with credit policies and risk assessment. Show them you know your stuff and can make sound lending decisions!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that suit your skills and interests, and tailor your approach to each one.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can set you apart from other candidates. It shows your enthusiasm for the role and keeps you fresh in their minds.
We think you need these skills to ace Underwriter
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 the perfect fit for our team at StudySmarter.
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 love seeing how you approach problem-solving!
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’re considered for the Underwriting Specialist position. Let’s get started on this journey together!
How to prepare for a job interview at Connect Recruitment
✨Know Your Numbers
As an Underwriting Specialist, you'll need to demonstrate your understanding of financial statements and risk assessment. Brush up on key metrics and ratios that are crucial in underwriting decisions. Be ready to discuss how you've used these in past roles.
✨Familiarise Yourself with Genus
Since the role involves using the Genus system, it’s a good idea to familiarise yourself with its functionalities. If you have experience with similar systems, highlight that. If not, show your willingness to learn and adapt quickly.
✨Prepare for Scenario Questions
Expect scenario-based questions where you’ll need to assess risk and make lending decisions. Practice articulating your thought process clearly. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
✨Show Your Proactive Approach
The job requires a proactive approach to work management. Be prepared to share examples of how you've managed your workload in previous positions. Discuss any strategies you’ve implemented to ensure timely decision-making and adherence to service levels.