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- Tasks: Lead and develop the Underwriting team while overseeing the entire Underwriting process.
- Company: Join a growing organisation focused on enhancing business performance and lending policies.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Shape lending policies and make a real impact in a customer-focused culture.
- Qualifications: Proven leadership experience in Underwriting and strong knowledge of mortgage regulations required.
- Other info: Send your CV to human.resources@equifinance.co.uk if you're interested!
The predicted salary is between 43200 - 72000 £ per year.
Reporting directly to the CEO, we are currently seeking a Head of Underwriting to join our growing organisation. This role will lead and develop colleagues in our Underwriting function and have complete oversight of the end to end Underwriting process. This is also an opportunity to really enhance business performance by shaping lending policies.
Responsibilities
- Leadership of the Underwriting function, responsible for managing and developing a motivated team to contribute towards a high performing organisation.
- Oversight of the end to end Underwriting process; ensure applications are underwritten according to the company’s lending policy and in line with regulatory requirements.
- Build and maintain strong working relationships with brokers, managing any escalations.
- Develop and shape lending policies in collaboration with Risk & Compliance.
- Analyse MI data to provide insights to support and improve business performance and risk management.
- Ensure 1st line monitoring is undertaken in a timely manner to ensure compliance with risk, policy and regulation; including reviewing complaints to identify any gaps.
- Encourage a culture of customer focus, good conduct and compliance throughout the team.
Qualifications
- A proven track record of leading, coaching and developing an Underwriting function to contribute to a high performing organisation.
- Excellent knowledge of the complete 2nd charge market process and products or 1st charge or residential secured lending.
- Excellent knowledge of mortgage regulation, MCOB and other legislation applicable in this regulated environment.
- Extensive experience of working with intermediaries at all levels to build and maintain strong working relationships.
- Strategic thinking and the ability to make sound decisions and propose recommendations to enhance business performance.
- Strong internal and external stakeholder management skills and be able to influence stakeholders at all levels of the organisation.
- Experience of working in a customer focused environment and act to deliver good outcomes for customers.
If you are interested in the position and have the skill set we have outlined, please send your CV to human.resources@equifinance.co.uk.
Head of Underwriting employer: Equifinance
Contact Detail:
Equifinance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Underwriting
✨Tip Number 1
Network with professionals in the underwriting and mortgage sectors. Attend industry events or webinars to connect with potential colleagues and stakeholders, which can help you gain insights into the company culture and expectations.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in the underwriting field. This knowledge will not only prepare you for interviews but also demonstrate your commitment to staying updated in a rapidly changing environment.
✨Tip Number 3
Prepare to discuss your leadership style and experiences in developing teams. Think of specific examples where you've successfully motivated a team or improved performance, as this is crucial for the Head of Underwriting role.
✨Tip Number 4
Research StudySmarter's values and mission. Understanding our organisational culture will help you align your responses during discussions and show how you can contribute to enhancing business performance.
We think you need these skills to ace Head of Underwriting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in leading and developing underwriting teams. Emphasise your knowledge of the 2nd charge market process and mortgage regulations, as these are crucial for the role.
Craft a Compelling Cover Letter: In your cover letter, demonstrate your strategic thinking and decision-making skills. Provide examples of how you've shaped lending policies or improved business performance in previous roles.
Highlight Stakeholder Management Skills: Showcase your ability to build strong relationships with brokers and stakeholders. Mention specific instances where you successfully managed escalations or influenced decisions at various levels.
Proofread and Format: Before submitting your application, ensure that your documents are free from errors and well-formatted. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at Equifinance
✨Showcase Your Leadership Skills
As a Head of Underwriting, you'll be expected to lead and develop a team. Be prepared to discuss your previous leadership experiences, how you've motivated teams, and any specific strategies you've used to enhance performance.
✨Demonstrate Your Knowledge of Regulations
Familiarise yourself with mortgage regulations, MCOB, and other relevant legislation. During the interview, be ready to explain how you ensure compliance within your team and how you handle regulatory challenges.
✨Highlight Your Relationship-Building Abilities
Strong relationships with brokers and stakeholders are crucial. Prepare examples of how you've successfully managed escalations and built rapport with intermediaries in your previous roles.
✨Prepare for Strategic Discussions
The role involves shaping lending policies and making strategic decisions. Think about past experiences where you've analysed data to improve business performance and be ready to share your insights on how to enhance underwriting processes.