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- Tasks: Assess customer loan affordability and analyse credit information daily.
- Company: Join a dynamic motor finance lender focused on growth and innovation.
- Benefits: Enjoy opportunities for progression, development, and collaboration with diverse teams.
- Why this job: Be part of an exciting business with a strong culture and impactful work.
- Qualifications: Minimum one year of underwriting experience in motor finance required.
- Other info: Ideal for analytical thinkers who thrive in fast-paced environments.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a motor finance lender, are looking to appoint an ambitious Underwriter to join their growing team and support expansion plans.
The role will be responsible for assessing a customer’s ability to afford repayments for their loan, reviewing and analysing customer account information and that provided by credit referencing agencies. The role will also:
- Ensure there is enough data to produce credit reports
- Ensure the credit profile is aligned to the firm’s risk appetite
- Establish the lend limit for individual customers
- Ensure the vehicle is within lending criteria
- Engage and collaborate with stakeholders both internally and externally, such as the Acquisition team and brokers
This is a key role supporting the continued growth of an exciting business with opportunity for progression and development.
The ideal candidate will have a minimum of one year Underwriting experience within a motor finance firm. You’ll need to be analytical with a keen eye for detail; able to communicate effectively with stakeholders; comfortable working in a high paced, high volume environment; and possess the adaptability and ingenuity to explore alternative outcomes in order to benefit the firm and customer.
Underwriter - Motor Finance employer: Davies Talent Solutions
Contact Detail:
Davies Talent Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Motor Finance
✨Tip Number 1
Familiarise yourself with the latest trends in motor finance and underwriting. Understanding the current market conditions and regulatory changes can give you an edge during discussions with potential employers.
✨Tip Number 2
Network with professionals in the motor finance industry. Attend relevant events or join online forums to connect with others in the field. This can lead to valuable insights and potential job referrals.
✨Tip Number 3
Brush up on your analytical skills. Since the role requires assessing customer data and credit profiles, being able to demonstrate your analytical capabilities through examples or case studies can set you apart from other candidates.
✨Tip Number 4
Prepare for interviews by practising common underwriting scenarios. Being able to discuss how you would handle specific situations or challenges in underwriting will show your problem-solving skills and readiness for the role.
We think you need these skills to ace Underwriter - Motor Finance
Some tips for your application 🫡
Understand the Role: Read the job description carefully to understand the key responsibilities and requirements for the Underwriter position. Tailor your application to highlight relevant experience and skills that align with the role.
Highlight Relevant Experience: Make sure to emphasise any previous underwriting experience, particularly in motor finance. Use specific examples to demonstrate your analytical skills and ability to assess customer information effectively.
Showcase Communication Skills: Since the role involves engaging with various stakeholders, include examples in your application that showcase your communication skills. Mention any experiences where you successfully collaborated with teams or external partners.
Tailor Your CV and Cover Letter: Customise your CV and cover letter to reflect the specific requirements of the Underwriter position. Use keywords from the job description and ensure your documents are well-structured and free of errors before submitting.
How to prepare for a job interview at Davies Talent Solutions
✨Know Your Numbers
As an Underwriter, you'll be dealing with financial data regularly. Brush up on your numerical skills and be prepared to discuss how you assess a customer's ability to afford repayments. Familiarise yourself with common financial metrics and how they relate to motor finance.
✨Understand the Risk Appetite
Make sure you understand the company's risk appetite before the interview. Be ready to explain how you would align a customer's credit profile with this risk appetite and provide examples from your past experience where you've successfully done this.
✨Engage with Stakeholders
Since the role involves collaboration with various stakeholders, think of examples where you've effectively communicated with internal teams or external brokers. Highlight your interpersonal skills and how they contribute to successful underwriting decisions.
✨Show Your Analytical Skills
Prepare to demonstrate your analytical abilities during the interview. You might be asked to analyse a hypothetical customer profile or credit report. Practice explaining your thought process clearly and logically, showcasing your attention to detail.
