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For Companies At a Glance
- 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 & 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 & 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 & 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 & ingenuity to explore alternative outcomes in order to benefit the firm and customer.
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, as they are crucial for this role. Consider taking a short course or workshop that focuses on data analysis and credit assessment to enhance your expertise.
✨Tip Number 4
Prepare to discuss your previous underwriting experiences in detail. Be ready to share specific examples of how you've assessed risk and made lending decisions, as this will demonstrate your suitability 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. Highlight your relevant experience in motor finance and underwriting.
Tailor Your CV: Customise your CV to reflect your underwriting experience, particularly in motor finance. Emphasise your analytical skills, attention to detail, and ability to work in a fast-paced environment.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific examples of how your previous experience aligns with the responsibilities outlined in the job description.
Proofread Your Application: Before submitting, thoroughly proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an Underwriter.
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 key metrics and ratios that are relevant 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.
