At a Glance
- Tasks: Evaluate retail loan and savings applications, ensuring compliance with guidelines and risk appetite.
- Company: Dynamic financial services company focused on responsible lending.
- Benefits: Flexible work hours, competitive salary, and opportunities for professional growth.
- Other info: Evening and weekend shifts required; collaborate with cross-functional teams for strategic initiatives.
- Why this job: Shape credit policies and enhance customer experience while working in a fast-paced environment.
- Qualifications: Minimum 1 year of underwriting experience and strong attention to detail.
The predicted salary is between 30000 - 40000 £ per year.
This is a 12-month Fixed-Term contract (Maternity Cover). This role is responsible for the thorough underwriting of retail loan and savings applications, ensuring all assessments are conducted within the company’s established procedures and risk appetite. As an Underwriter, you will play a critical role in evaluating applications by utilising multiple data sources, including credit bureau reports and other supporting documentation, to make informed decisions on creditworthiness, financial stability, and affordability. You will need to apply sound judgment while adhering to regulatory guidelines and internal policies.
You will work closely with cross-functional teams, including risk management, product development, and customer service, to streamline processes, identify areas for improvement, and help shape credit policies to reflect market trends and company goals. Your input will be vital in enhancing operational efficiency and ensuring a consistent approach to risk management across the business.
The position requires a commitment to regular evening and weekend shifts to support business needs, with flexibility in how the workweek is structured. In addition, there will be opportunities to contribute to strategic initiatives, such as refining underwriting criteria, adopting new technologies, and optimising the customer experience, ensuring that your role as a Credit Underwriter goes beyond daily tasks to shaping the future of the department.
This role will suit a credit underwriter who is comfortable working in a fast-paced environment. The role requires a candidate who has underwriting experience and has previously assessed credit or loan applications as part of their role. The candidate should be able to work under pressure, ensuring quality and speed of work is maintained. Applicants should have:
- A minimum of 1 years’ experience in underwriting retail consumer lending (preferably in the unsecured / retail credit sector but secured will be considered)
- Experience of working in an FCA-regulated environment
- A highly customer-focused approach with a commitment to responsible lending
- High standards of written and spoken English
- Strong attention to detail
- Strong interpersonal skills to deal with all levels of seniority
- A collaborative approach to working with colleagues in other parts of the business
- Be willing to work weekends (Saturdays and Sundays) and evenings as well as occasional bank holidays – shift pattern
Personal Credit Underwriter in London employer: Description This
Join a dynamic team as a Personal Credit Underwriter, where your expertise will be valued in a supportive and collaborative work culture. Our company prioritises employee growth, offering opportunities to refine underwriting criteria and adopt innovative technologies, all while ensuring a healthy work-life balance with flexible shift patterns. Located in a vibrant area, we foster a commitment to responsible lending and operational excellence, making us an exceptional employer for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Personal Credit Underwriter in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and underwriting sectors. You never know who might have a lead on a job or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of credit assessment and risk management. Be ready to discuss your past experiences and how they align with the role of a Personal Credit Underwriter.
✨Tip Number 3
Showcase your customer-focused approach during interviews. Share examples of how you've maintained high standards in your previous roles, especially in fast-paced environments.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Personal Credit Underwriter in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Personal Credit Underwriter role. Highlight your underwriting experience and any relevant skills that match the job description. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your experience aligns with our needs. Keep it concise but impactful – we love a good story!
Showcase Your Attention to Detail:As an Underwriter, attention to detail is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to present their best work right from the start!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Let’s get started on this journey together!
How to prepare for a job interview at Description This
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially in retail consumer lending. Be ready to discuss your experience with assessing credit applications and how you've navigated regulatory guidelines in the past.
✨Show Off Your Customer Focus
This role is all about responsible lending and a customer-centric approach. Prepare examples of how you've prioritised customer needs while maintaining quality and speed in your work. Highlight any instances where you improved the customer experience.
✨Be Ready for Teamwork
Since you'll be collaborating with various teams, think of examples that showcase your interpersonal skills. Discuss how you've worked with risk management or product development in the past to streamline processes or enhance operational efficiency.
✨Flexibility is Key
Given the need for evening and weekend shifts, be prepared to discuss your availability and willingness to adapt your schedule. Show that you're committed to meeting business needs and can handle the fast-paced environment.
