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- Tasks: Analyse data to assess creditworthiness and support small businesses with fast funding.
- Company: Funding Circle, a leader in SME lending with a mission to empower small businesses.
- Benefits: Flexible working, health insurance, development opportunities, and tailored benefits for you and your family.
- Why this job: Make a real impact on small businesses while developing your skills in a dynamic environment.
- Qualifications: Experience in credit analysis and strong analytical skills are preferred.
- Other info: Join a diverse team and enjoy a supportive workplace culture with excellent career growth.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Role
Credit Underwriter
We are looking for a Credit Underwriter in our Underwriting team. The team helps small businesses raise funding by assessing the creditworthiness of each borrower to give them access to our fast and flexible loans.
Who are we?
We’re Funding Circle. We back small businesses to succeed. At Funding Circle, we believe the world needs small businesses. That’s why we’ve made it our mission to help them get the finance they need to grow. With more than a decade of expertise under our belt, we’ve built a game-changer of a platform with cutting-edge data and technology that’s reshaping the landscape of SME lending. Say goodbye to lengthy applications and hello to lightning-fast decisions! In just minutes, SMEs across the UK can get a decision, giving them access to competitive funding in a flash. We know that good business is about good people. So we pride ourselves on providing meaningful, human support as well as fast, hassle free processes to deliver an unbeatable customer experience.
Responsibilities
- Analyse data (annual accounts, bank statements, credit reference agency data) to determine the degree of risk involved in extending credit to SME borrowers on a loan-by-loan basis
- Enhance the quality of loan decisions by integrating market, industry, and portfolio insights into your credit decision
- Further your knowledge of UK SMEs, incl. accounting practices, industry and financing standards, payment behaviour and relevant legal aspects to help us evaluate credit risk correctly
- Provide a best-in-class experience for our borrowers by reviewing all loan applications efficiently and in accordance with our internal quality standards
- Contribute to the ongoing development of systems, processes and business practices by sharing recommendations to improve efficiency and capacity
- Advise and guide colleagues to ensure that commercial opportunities are maximised without compromising Funding Circle’s risk management
- Proactively problem solving, identifying and confidently mitigating any risks, issues or control weaknesses that arise in day-to-day work
Qualifications
- Experience in credit analysis (Ideally SME lending)
- A firm understanding of UK accounting standards
- Strong analytical, decision-making, and communication skills
- An inquisitive mind-set, openness to change, willingness to challenge the status quo and a strong work ethic
At Funding Circle we are committed to building diverse teams so please apply even if your past experience doesn’t align perfectly with the requirements.
What we’re looking for
Want to learn more? We have a huge impact on the businesses that borrow through our platform, the communities they serve and the overall economy (last year £6.9bn of GDP generated). You can read our Impact Report here. To see what our customers think, visit our Trustpilot page. And we’re still evolving! Our award-winning multi-product platform is solving more SME finance challenges than ever before. We think big, rally together and meet the needs of SME customers like no other.
Why join us?
At Funding Circle, we celebrate and support the differences that make you, you. We’re proud to be an equal-opportunity workplace and affirmative-action employer. We truly believe that diversity makes us better. As a flexible-first employer we offer hybrid working at Funding Circle, and we’ve long believed in a “best of both” approach to in-office collaboration and non-office days. We expect our teams to be in our London office three times a week, where you can take advantage of our newly refurbished hybrid working space, barista made coffee and subsidised lunches (via JustEat) every day!
We back our Circlers to build their own incredible career, making a difference to small businesses every day. Our Circler proposition is designed to support employees both in and out of work, and it is anchored around four pillars: Health, Wealth, Development & Lifestyle.
A few highlights:
- Flexibility: We provide you with a benefit allowance so that you can tailor your benefit selection to you and your family’s needs.
- Health: Private Medical Insurance, Dental Insurance, Health Cash Plan, Health Assessments (including female fertility health assessments), eyecare vouchers, flu jabs, Wellhub (for discounted flexible gym membership and access to wellbeing apps) access to a free Employee Assistance Programme and free Digital GP for yourself and any children under 16.
- Wealth: Life Assurance, Income Protection, Critical Illness Cover, financial coaching through Octopus Money Coach, a tax-advantaged share scheme, a free mortgage advisor partnership and discounts across numerous retailers through Perks at Work.
- Development: Dedicated annual Learning & Development allowance and full access to internal learning platform.
- Lifestyle: Electric Car Scheme, Cycle to Work scheme, Season Ticket Loans, and more!
And finally, we have award winning parental leave policies supporting parents through enhanced maternity, partner and adoption leave, as well as additional leave for parental bereavement and for fertility treatments.
Ready to make a difference? We’d love to hear from you.
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Credit Underwriter employer: Funding Circle Ltd.
Contact Detail:
Funding Circle Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with potential colleagues on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching Funding Circle and understanding their mission. Familiarise yourself with the SME lending landscape and be ready to discuss how your skills can help them achieve their goals. Show them you’re not just another candidate!
✨Tip Number 3
Practice your analytical skills! Since the role involves assessing creditworthiness, brush up on your data analysis techniques. You could even do mock assessments to get comfortable with the kind of decisions you’ll be making.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining the Funding Circle team and making a difference for small businesses.
We think you need these skills to ace Credit Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Credit Underwriter role. Highlight your credit analysis experience and understanding of UK accounting standards to catch our eye!
Craft a Compelling Cover Letter: Use your cover letter to tell us why you’re passionate about helping small businesses. Share specific examples of how your analytical skills have made a difference in previous roles.
Showcase Your Problem-Solving Skills: In your application, mention instances where you've identified risks and successfully mitigated them. We love candidates who can think on their feet and tackle challenges head-on!
Apply Through Our Website: We encourage you to apply directly through our website for a smoother process. It’s the best way to ensure your application gets the attention it deserves!
How to prepare for a job interview at Funding Circle Ltd.
✨Know Your Numbers
As a Credit Underwriter, you'll be analysing financial data. Brush up on your understanding of UK accounting standards and common financial metrics. Be ready to discuss how you would assess the creditworthiness of a borrower using specific examples from your past experience.
✨Show Your Analytical Skills
Prepare to demonstrate your analytical prowess during the interview. You might be asked to evaluate a hypothetical loan application. Practice explaining your thought process clearly and logically, highlighting how you integrate market insights into your decision-making.
✨Understand the SME Landscape
Familiarise yourself with the current trends and challenges facing SMEs in the UK. Being able to discuss these topics will show that you're not just knowledgeable about credit analysis but also passionate about supporting small businesses.
✨Emphasise Team Collaboration
Funding Circle values teamwork and collaboration. Be prepared to share examples of how you've worked effectively in a team setting, especially when it comes to problem-solving and maximising commercial opportunities while managing risk.
