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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 flexible hybrid working, 25 days holiday, private medical insurance, and more perks.
- Why this job: Be part of a socially responsible bank that values fair play and transparency.
- 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, 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. Highlight your problem-solving skills and ability to suggest alternative options while adhering to credit policies.
✨Tip Number 4
Stay updated on the latest trends and regulations in the mortgage industry. Being knowledgeable about MCOB and other relevant standards will show your commitment to the role and enhance your credibility as a candidate.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Underwriter position. Understand the key responsibilities and required skills, such as experience in a mortgage environment and knowledge of KYC and regulatory standards.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the Underwriter role. Emphasise your understanding of credit risk governance and any previous underwriting experience you have.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific examples from your past work that demonstrate your ability to manage communications effectively and ensure positive customer outcomes.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for an Underwriter.
How to prepare for a job interview at Gatehouse Bank plc
✨Understand the Role and Responsibilities
Before the interview, make sure you thoroughly understand the role of an Underwriter. Familiarise yourself with the key duties such as assessing new business cases and ensuring compliance with Credit Policy and KYC guidelines. This will help you articulate how your experience aligns with the job requirements.
✨Showcase Your Risk Awareness
Given the importance of risk management in this role, be prepared to discuss your understanding of regulatory standards and risk awareness. Share specific examples from your previous experience where you successfully identified and mitigated risks in underwriting processes.
✨Demonstrate Effective Communication Skills
As the role involves managing conversations with brokers and internal colleagues, highlight your communication skills during the interview. Provide examples of how you've effectively communicated complex information in a clear and concise manner to ensure positive outcomes.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities and decision-making skills. Prepare by thinking of situations where you had to suggest alternative options for underwriting cases while adhering to policies. This will demonstrate your pragmatic approach to underwriting.
