At a Glance
- Tasks: Manage credit applications and underwrite new business proposals in asset finance.
- Company: Dynamic Essex-based company offering a hybrid work environment.
- Benefits: Competitive salary, car allowance, and comprehensive benefits package.
- Other info: Opportunity for professional development and career advancement in a supportive team.
- Why this job: Join a team where your decisions directly impact business success and growth.
- Qualifications: Experience in underwriting and financial analysis is essential.
The predicted salary is between 55000 - 75000 £ per year.
Location: Essex (Hybrid)
Salary: £55k-£75k plus car and benefits
We are looking to recruit an underwriter with either asset finance or wholesale motor finance experience to join our Essex-based client. In brief, you will ensure all new business applications are underwritten prudently and managed according to company policy and procedures and cost‑of‑risk targets.
Your main activities:
- Be responsible for the management of credit applications, principally within hard asset sectors.
- Examine, analyse, underwrite and decide on each new business proposal ensuring that these are within agreed Company Credit Policies.
- Produce analyses of customers’ accounts and prepare Credit Application Forms containing a detailed recommendation of the above personal underwriting authority in order that a higher sanctioning authority will be able to sanction the proposed loan.
- Obtain further information concerning an application as required and interface with customers to resolve credit‑related questions, including on‑site visits where appropriate.
- Participate in regular meetings and conference calls with colleagues, introductory sources and third parties to review business and develop processes.
- Provide support as required to maintain company service standards in terms of credit turnaround times across all market sectors.
- Organise or participate in regular and ad‑hoc Credit Committee meetings or calls to make recommendations when necessary.
- Evaluate the processes to mitigate corporate risk, initiating and implementing continuous credit process improvements.
- Ensure policies are communicated, complied with and understood by the team.
- Provide accurate and timely reports in the formats and frequencies required.
Your knowledge, skills and competencies:
- Skilled and experienced in underwriting business credit applications an advantage.
- Highly skilled in financial analysis for credit underwriting purposes, contract documentation and legal/ fiscal requirements to manage the portfolio in line with corporate goals.
- Knowledge and experience in operating in a regulated environment using all AML/KYX tools.
- An understanding of asset management and collections‑related processes.
- Possess excellent people skills and be an effective team player.
- Excellent communication skills ‑ both oral and written.
Senior Underwriter – Asset Finance in Essex employer: Leasing Life
Join a dynamic and supportive team in Essex as a Senior Underwriter – Asset Finance, where your expertise will be valued and your contributions recognised. We offer a hybrid working model, competitive salary, and a comprehensive benefits package, fostering a culture of collaboration and continuous improvement. With ample opportunities for professional growth and development, this role is perfect for those seeking a meaningful career in a thriving environment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter – Asset Finance in Essex
✨Tip Number 1
Network like a pro! Reach out to your connections in the asset finance sector and let them know you're on the lookout for opportunities. You never know who might have a lead or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your financial analysis skills. Be ready to discuss how you've successfully managed credit applications in the past, and don't forget to highlight your understanding of AML/KYC tools!
✨Tip Number 3
Showcase your people skills! During interviews, emphasise your ability to communicate effectively with clients and colleagues. Share examples of how you've resolved credit-related questions or improved processes in previous roles.
✨Tip Number 4
Don't just apply anywhere; head over to our website and check out the latest job openings. We’ve got some fantastic opportunities that could be the perfect fit for your skills and experience in underwriting!
We think you need these skills to ace Senior Underwriter – Asset Finance in Essex
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Underwriter role. Highlight your asset finance or wholesale motor finance experience, and don’t forget to showcase your financial analysis skills. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to underwriting and credit applications, and let your personality come through. We love a bit of flair!
Showcase Your Communication Skills:Since excellent communication is key for this position, make sure your written application reflects that. Keep it clear, concise, and professional. We want to see that you can communicate effectively, both in writing and verbally.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Leasing Life
✨Know Your Numbers
As a Senior Underwriter, you'll need to demonstrate your financial analysis skills. Brush up on key metrics and be ready to discuss how you've used them in past roles. Prepare examples of how you've successfully managed credit applications and mitigated risks.
✨Understand the Company’s Policies
Familiarise yourself with the company's credit policies and procedures before the interview. This will show that you're proactive and serious about the role. Be prepared to discuss how you would ensure compliance and communicate these policies effectively within a team.
✨Prepare for Scenario Questions
Expect scenario-based questions where you might need to analyse a hypothetical credit application. Practice articulating your thought process clearly, including how you would gather additional information and make decisions based on company guidelines.
✨Showcase Your People Skills
Since this role involves interfacing with customers and colleagues, highlight your communication skills. Share specific examples of how you've resolved credit-related questions or collaborated with teams to improve processes. This will demonstrate your ability to be an effective team player.
