At a Glance
- Tasks: Conduct site visits, assess borrowers, and make lending decisions.
- Company: Dynamic company offering a hybrid work environment.
- Benefits: Monthly car allowance, competitive salary, and professional development opportunities.
- Other info: Exciting role with opportunities for growth and building professional relationships.
- Why this job: Join a team where your decisions directly impact businesses across England and Wales.
- Qualifications: Strong understanding of commercial lending and excellent communication skills required.
The predicted salary is between 28800 - 48000 £ per year.
Business Development Executive
Overview
- You will be conducting site visits to potential borrowers at their place of business to assess if we are proceeding to a lending decision.
- You will be assessing director behaviour, business sector and collating any further documentation required to determine your final lending decision.
- You will be looking at the risks involved with the business and put these factors towards the lending decision.
- The information that is gathered at the underwriting stage will also support you to conduct the visit.
- You will be required to present the site visit findings to the Loan Sales Manager along with your business decision as to whether we should approve the lending decision.
- You will be required to build a business relationship with the director(s) you meet during your site visits to enable a solid line of communication; you be required to make contact directly with the director(s) to confirm, re-arrange and ensure that the director has all necessary documents and proof prepared for their visit.
- A strong understanding of commercial lending, risk assessment and financial analysis is required.
- Absolute professionalism whilst representing the company is essential.
- Strong time management is vital in this role.
Role Responsibilities
- Support the underwriting team by underwriting cases when you are not out on the road.
- Maintain an understanding of and comply with all relevant lending regulations, including those from financial regulatory bodies and internal lending policies.
- Upon completion of the site visit, ensure you carry out a post visit meeting with the Loan Sales Manager, at this stage you must ensure you raise any red flags/ concerns regarding the business we are considering lending to.
- Evaluate creditworthiness and risks of loan applicants by analysing financial data including income, financial statements, and collateral when underwriting cases.
- Provide excellent customer service by promptly responding to questions and concerns from loan applicants, explaining the loan application process, and communicating decisions effectively.
- Keep yourself updated on loan products, underwriting standards, and collections procedures.
- Ensure all documentation and ID Verification checks are prepared and completed to a satisfactory standard before submitting the case to the lending department.
- Be able to operate with proficiency CRM systems and keep accurate notes and documentation.
- Make it your responsibility to know your customers.
Requirements
- Use of own car as you will be required to drive to our customers (monthly car allowance).
- Confident, friendly and a professional manner is required at all times as you will representing the company when onsite visits.
- Excellent interpersonal and communication skills.
- Excellent analytical and decision-making abilities.
- Knowledge of loan compliance and regulatory standards.
Business Development Executive in Windsor employer: Connect Recruitment
As a Senior Compliance Manager at our company, you will be part of a dynamic and supportive work culture that prioritises employee growth and development. We offer a hybrid working model that promotes work-life balance, alongside opportunities for regular travel across the UK to engage with stakeholders and enhance your professional network. Our commitment to compliance excellence ensures that you will play a pivotal role in shaping our compliance framework while enjoying the benefits of a collaborative environment that values your contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Business Development Executive in Windsor
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry and let them know you're on the hunt for a Business Development Executive role. You never know who might have a lead or can put in a good word for you.
✨Tip Number 2
Prepare for those site visits! Research potential borrowers and their businesses beforehand. The more you know, the better you'll assess their needs and build that all-important rapport during your visit.
✨Tip Number 3
Practice your pitch! When presenting your findings to the Loan Sales Manager, make sure you can clearly articulate your decision-making process. Confidence is key, so rehearse what you want to say until it feels natural.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining our team!
We think you need these skills to ace Business Development Executive in Windsor
Some tips for your application 🫡
Read the Job Description Thoroughly:Before you start your application, make sure to read through the job description carefully. It’s packed with important details about what we’re looking for in a Business Development Executive, so understanding it will help you tailor your application to match our needs.
Showcase Your Relevant Experience:When writing your application, highlight any experience you have that relates to commercial lending, risk assessment, or financial analysis. We want to see how your background aligns with the responsibilities of the role, so don’t hold back on those relevant skills!
Be Professional and Personable:Remember, you’ll be representing us during site visits, so your application should reflect a professional yet friendly tone. Use clear language and maintain a positive vibe throughout your writing to show us you’re the right fit for our team.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do – just follow the prompts and you’ll be all set!
How to prepare for a job interview at Connect Recruitment
✨Know Your Stuff
Make sure you brush up on commercial lending, risk assessment, and financial analysis. Familiarise yourself with the latest regulations and internal policies so you can confidently discuss how they apply to the role.
✨Showcase Your People Skills
Since you'll be meeting directors during site visits, practice your interpersonal skills. Think about how you can build rapport quickly and effectively, as this will be crucial for establishing trust and communication.
✨Prepare for Scenario Questions
Expect questions that ask how you'd handle specific situations, like assessing a risky loan application. Prepare examples from your past experiences that demonstrate your analytical and decision-making abilities.
✨Be Ready to Discuss Time Management
Time management is key in this role, so come prepared with examples of how you've successfully managed multiple tasks or deadlines in the past. This will show that you can handle the demands of the job efficiently.
