At a Glance
- Tasks: Analyse credit data and assess risk for lending decisions.
- Company: Dynamic lender focused on SME businesses with a supportive team culture.
- Benefits: Salary up to £35k, 28 days holiday, and career development opportunities.
- Other info: Join a fast-paced environment with great growth potential.
- Why this job: Kickstart your career in Credit Risk and make impactful lending decisions.
- Qualifications: Organised, proactive, and able to analyse financial statements.
The predicted salary is between 30000 - 35000 £ per year.
We are looking to recruit a Junior Underwriter who is focused on building a career in Credit Risk. Our client is a provider of loans and asset finance to SME businesses with both direct and broker routes to market. Direct business is funded either on its own book or placed with third-party funders. Broker-introduced business is funded on their own book. The typical transaction size is c. £50k.
Your role and key responsibilities ‒ Credit Underwriter
- Working within a team of credit underwriters
- Analyse credit data and financial statements to determine the degree of risk involved in extending credit or lending money
- Assessing, analysing and interpreting other credit-related information
- Undertaking affordability analysis based on various financial and non-financial information
- Be open and approachable for appeal of your decisions and have the ability to see a deal when originally you may not have done so
- Ensuring strong lines of communication with all areas of the business are maintained
Your skills and knowledge ‒ Credit Underwriter
- Underwriting experience is preferred but not essential
- The ideal candidate will be organised, meticulous, prepared to take ownership of tasks, able to manage their own time, proactive and able to follow tasks through to completion
- The ability to work under pressure and to tight time frames is paramount
- Good time management
- Ability to make decisions on a rate-for-risk basis
- Numerate with the ability to analyse financial statements and other credit-related information
In addition to an excellent basic salary, our client offers excellent career development. 28 days holiday (this includes three days at Christmas when the office closes) plus.
Junior Credit Underwriter in London employer: Leasing Life
Our client is an exceptional employer, offering a supportive work culture that prioritises employee growth and development in the field of Credit Risk. Located in Cheshire, the company provides a competitive salary alongside 28 days of holiday, fostering a balanced work-life environment while encouraging team collaboration and open communication. With opportunities for career advancement and a focus on nurturing talent, this role as a Junior Credit Underwriter is perfect for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Credit Underwriter in London
✨Get Involved with Campus Finance Societies
Join your university's finance or investment society — they're a goldmine for networking, guest lectures, and career fairs. These societies often host employers looking for entry-level talent like you, so get involved and make yourself known!
✨Attend Industry Workshops and Webinars
Look for workshops and webinars focused on banking and financial services. These events not only boost your knowledge but also let you connect with industry professionals who could help you land that entry-level role at places like Leasing Life.
✨Leverage LinkedIn for Informational Interviews
Take advantage of LinkedIn to reach out to professionals working in banking, especially those who've started in entry-level positions. Politely ask for a quick chat about their experience and any advice they might have on breaking into the field.
✨Apply Directly through Company Websites
Don't just rely on job boards. Head directly to Leasing Life's careers page and look for their entry-level openings. They might have opportunities that aren’t advertised widely, so keep checking back for new listings!
We think you need these skills to ace Junior Credit Underwriter in London
Some tips for your application 🫡
Splash Your Skills on Your CV:In the banking and financial services realm, it's all about numbers and analysis. Make sure to highlight any relevant coursework, internships, or projects where you've used skills like financial modelling, data analysis, or risk assessment. Show us you can crunch those numbers!
Educational Achievements Matter:For an entry-level role, your grades and academic accomplishments are key. If you have any certifications, like CFA Level 1 or something similar, don’t forget to include them. We love seeing ambition and commitment to the industry, so flaunt those achievements!
Craft a Personal Touch in Your Cover Letter:Your cover letter is your chance to show us your enthusiasm for banking and finance! Share why you're passionate about the industry and how your studies or previous experiences have prepared you for this role. We want to see that spark and motivation!
Use the Right Format and Language:In banking, clarity is king. Use a clean, professional format for your CV and cover letter. Make sure to avoid jargon, but don’t shy away from technical terms where appropriate – just keep it all clear and easy to read. Let’s see your professionalism shine through!
How to prepare for a job interview at Leasing Life
✨Brush Up on Your Financial Knowledge
Since you're diving into the banking and financial services industry, make sure you're up to speed with current market trends and financial concepts. Be prepared to discuss things like interest rates and investment strategies, as you might get some technical questions that gauge your understanding.
✨Show Off Your Analytical Skills
Analytical skills are key in banking, so be ready to showcase how you've used them in your studies or any relevant projects. Prepare to tackle case studies or hypothetical financial scenarios during the interview that require you to analyse data and make informed decisions.
✨Demonstrate Your Team Spirit
As this is an entry-level role, they’ll likely look for how well you can collaborate and fit into their team. Think of examples from group projects or internships where you successfully worked with others. It'll help show that you're keen to learn and grow in a team-oriented environment.
✨Prepare Thoughtful Questions
Approach your interview with curiosity! Prepare insightful questions that reflect your knowledge of the industry, such as asking about the latest technology being implemented in their services. It shows you're genuinely interested in the company's operations and future.
