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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 & 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.
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 interviews, showing that you're proactive and knowledgeable.
✨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 referrals that may help you land the job.
✨Tip Number 3
Prepare for situational interview questions by thinking of examples from your past experience where you've successfully assessed risk or made critical decisions. Being able to articulate these experiences clearly will demonstrate your analytical skills and decision-making abilities.
✨Tip Number 4
Research the company’s culture and values. Tailoring your conversation to align with their mission and demonstrating how you fit into their team can make a strong impression during the interview process.
We think you need these skills to ace Underwriter - Motor Finance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in underwriting, particularly within motor finance. Emphasise any analytical skills and your ability to work in high-paced environments.
Craft a Strong Cover Letter: In your cover letter, explain why you are interested in the Underwriter position and how your background aligns with the company's needs. Mention specific examples of your previous underwriting experience and your ability to assess customer affordability.
Highlight Key Skills: Focus on key skills mentioned in the job description, such as attention to detail, communication abilities, and adaptability. Use concrete examples to demonstrate these skills in your application.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an underwriting role.
How to prepare for a job interview at Davies Talent Solutions
✨Know Your Numbers
As an Underwriter, you'll be dealing with financial data daily. Brush up on your understanding of credit reports and how to assess a customer's financial situation. Be prepared to discuss specific metrics and how they relate to risk assessment.
✨Showcase Your Analytical Skills
Highlight your ability to analyse customer account information and credit profiles. Prepare examples from your previous experience where your analytical skills led to successful outcomes, especially in high-paced environments.
✨Communicate Clearly
Effective communication is key in this role. Practice articulating your thoughts clearly and concisely, especially when discussing complex financial concepts. Be ready to demonstrate how you've successfully collaborated with stakeholders in the past.
✨Understand the Company's Risk Appetite
Research the company's lending criteria and risk appetite before the interview. Be prepared to discuss how you would align your underwriting decisions with their policies and how you can contribute to their growth while managing risk.
