Underwriting Team Leader - Commercial
Key Purpose
The overall responsibility of the role is to manage a team of underwriters ensuring service levels and accuracy are maintained within the department. This is a mandated role which requires all loans to be approved in accordance with the division's Credit Risk Appetite.
Key Accountabilities
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Manage & support a team of Underwriters.
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Develop staff and promote self-improvement within the team.
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Maintain broker relationships that are integral to the growth of WOSL.
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Promote our Team Ethic.
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Maintain and review all internal process documents ensuring the relevant information used by the underwriting team is captured.
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Take ownership of UAT testing requirements of the business, ensuring the underwriting operating system functions as required.
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Take ownership of product set up in Fusion ensuring accuracy is maintained and the products reflect the requirements of the business.
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Ensure Quarterly One-to-Ones are carried out with the underwriters, ensuring all training and development needs are met.
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Prepare and deliver six-monthly and Yearly appraisals.
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Ensure all underwriting is in line with Company policy and regulation.
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Underwrite large loan applications (above £750K) and maintain a pipeline of cases.
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Be a referral point for Underwriters and broker support for queries on applications.
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Liaise with introducers, valuers and solicitors ensuring excellent working relationships are maintained.
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As a Mandate holder, ensure all cases are approved within the Group's Risk Appetite.
Skills & Competencies
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Excellent Leadership skills.
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Ability to work as part of a team.
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Pass internal competency tests post induction.
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High attention to detail.
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Good written and verbal communication skills.
Knowledge & Qualifications
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A strong understanding of FCA regulation.
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Current or Previous Mandate Holder with a Lender in the second charge secured loan market.
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A minimum of 5 years' experience underwriting mortgage applications for a Lender, specifically within the commercial loan market.
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Experienced in managing people.
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CeMAP (desirable, not essential).
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Minimum of 5 GCSEs A-C (including Maths and English).
Personal Attributes
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Flexible
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Articulate
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Well organised
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Robust and comfortable working to deadlines and under pressure
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