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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.
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 on platforms like LinkedIn. Engaging in conversations can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Prepare to discuss real-life scenarios where you've successfully managed underwriting cases. Highlighting your problem-solving skills and ability to suggest alternative options will show that you can think critically under pressure.
✨Tip Number 4
Stay updated on the latest trends and regulations in the mortgage industry. Being knowledgeable about MCOB and other relevant standards will not only boost your confidence but also impress the hiring team at Gatehouse Bank.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Underwriter. Familiarise yourself with the key duties such as underwriting new home finance applications and managing communications with brokers.
Tailor Your CV: Highlight your relevant experience in a mortgage environment and any knowledge of regulatory standards. Make sure to emphasise your risk awareness and familiarity with KYC guidelines, as these are crucial for the role.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Mention specific examples from your past experience that demonstrate your ability to assess and underwrite business cases effectively.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at Gatehouse Bank plc
✨Understand the Role Thoroughly
Before your interview, make sure you have a solid grasp 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 conversation.
✨Showcase Your Experience
Be prepared to discuss your previous experience in a mortgage environment. Highlight specific examples where you successfully underwrote cases or managed communications with brokers, demonstrating your ability to contribute positively to customer outcomes.
✨Demonstrate Risk Awareness
Since risk management is crucial in this role, be ready to talk about how you identify and mitigate risks in underwriting. Share any relevant experiences that showcase your understanding of regulatory standards and how you apply them in practice.
✨Ask Insightful Questions
Prepare thoughtful questions to ask at the end of your interview. This could include inquiries about the company's approach to customer service or how they ensure compliance with KYC regulations. It shows your genuine interest in the role and the organisation.
