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For Companies At a Glance
- Tasks: Underwrite and process home finance applications while ensuring a positive customer experience.
- Company: Join Gatehouse Bank, a fast-growing, Shariah-compliant bank in the UK since 2007.
- Benefits: Enjoy hybrid working, 25 days holiday, private medical insurance, and more perks.
- Why this job: Be part of a socially responsible bank that values transparency and fair play.
- Qualifications: Experience in mortgage underwriting and knowledge of regulatory standards required.
- Other info: Equal opportunities employer encouraging diverse applications; recruitment managed by The Curve Group.
The predicted salary is between 36000 - 60000 £ per year.
Role Purpose
The purpose of this role is to underwrite and process all new home finance applications from receipt of application through to offer. Manage conversations and communications with brokers and internal colleagues effectively to ensure overall positive customer experience. The incumbent will be required to ensure service levels are maintained whilst being mindful of the Credit Risk Governance frameworks in operation within the Bank, such as KYC (Know Your Customer) and Fraud Awareness.
Please note – the position is office based with a Hybrid Working policy with flexibility to work from home up to 3 days a week.
Role Duties
- End to end case ownership to ensure overall positive broker / customer outcome.
- Assess and underwrite new business cases in a pragmatic manner and within Credit Policy KYC guidelines to support the aim of the Bank to be recognised as a Specialist Financer by brokers and customers.
- Demonstrate a desire to underwrite cases by, where appropriate, suggesting alternative options on how a case may be acceptable whilst still fully complying with Credit Policy and KYC governance.
- Compose Finance rationale that ensures Finance decision is clearly structured and documented covering both credit and CDD (KYC/Anti Money Laundering) in line with policies and any potential risks mitigated.
- Work cases in an efficient manner utilising the processes and policies in place to contribute to the business meeting agreed Service Level Agreements both internally and externally.
Required Skills
- Experience in a similar role within a mortgage environment
- Risk awareness and Regulatory standards awareness
- Knowledge of MCOB
About Us
Gatehouse Bank was established in 2007. With offices based in London, Birmingham, Milton Keynes and Wilmslow, we’re one of the fastest growing banks of our kind in the UK. We are a British, Shariah-compliant bank and follow a set of principles which promote fair play. Our products are transparent, fair and socially responsible.
Additional Details
We offer highly attractive reward package; the typical benefits include:
- 25 days holiday entitlement increasing with service
- Pension plan
- Private medical insurance
- Dental cover
- Income protection
- Life assurance
- Employee referral bonus
Gatehouse Bank is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.
Please be advised that we have an appointed recruitment partner, The Curve Group, to manage our recruitment process and give candidates the best possible experience in pursuing a career with Gatehouse Bank. The personal details you have shared with us may be processed by The Curve Group on behalf of Gatehouse Bank. Full details of their Privacy Policy can be viewed here.
Locations
Underwriter employer: Gatehouse Bank plc
Contact Detail:
Gatehouse Bank plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Familiarise yourself with the specific underwriting processes and policies used by Gatehouse Bank. Understanding their approach to KYC and credit risk governance will help you demonstrate your knowledge during interviews.
✨Tip Number 2
Network with current or former employees of Gatehouse Bank, especially those in underwriting roles. They can provide valuable insights into the company culture and expectations, which can be beneficial for your application.
✨Tip Number 3
Prepare to discuss real-life scenarios where you've successfully managed underwriting cases or navigated complex situations. This will showcase your practical experience and problem-solving skills relevant to the role.
✨Tip Number 4
Stay updated on the latest trends and regulations in the mortgage industry. Being knowledgeable about MCOB and other regulatory standards will position you as a well-informed candidate who is ready to contribute from day one.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of an Underwriter. Familiarise yourself with terms like KYC, Credit Policy, and the importance of customer experience in the mortgage environment.
Tailor Your CV: Highlight your relevant experience in underwriting or similar roles within a mortgage environment. Emphasise your risk awareness and understanding of regulatory standards, as these are crucial for the position.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific examples from your past experience that demonstrate your ability to manage cases efficiently and maintain service levels.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A well-presented application reflects your attention to detail, which is essential for an Underwriter.
How to prepare for a job interview at Gatehouse Bank plc
✨Understand the Role Thoroughly
Before your interview, make sure you have a solid understanding of the underwriter role and its responsibilities. Familiarise yourself with terms like KYC, Credit Policy, and MCOB, as these will likely come up during your discussion.
✨Showcase Your Experience
Be prepared to discuss your previous experience in a mortgage environment. Highlight specific examples where you successfully managed cases, maintained service levels, and adhered to regulatory standards.
✨Demonstrate Problem-Solving Skills
During the interview, be ready to explain how you approach underwriting challenges. Discuss any instances where you suggested alternative options for cases while ensuring compliance with policies, showcasing your ability to think pragmatically.
✨Ask Insightful Questions
Prepare thoughtful questions about the company culture, team dynamics, and expectations for the role. This not only shows your interest in the position but also helps you gauge if the company is the right fit for you.
