Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Take ownership of credit decisions and assess risk for SME funding.
- Company: Join a fast-growing company reshaping SME finance with a human touch.
- Benefits: Competitive salary, flexible work, 25 days holiday, and gym membership.
- Other info: Dynamic team culture with opportunities for personal and professional growth.
- Why this job: Make impactful decisions that help businesses thrive while growing your career.
- Qualifications: Strong credit judgement and ability to analyse financial documents.
The predicted salary is between 55000 - 65000 £ per year.
Location: London, UK
At mcl, we help small and medium-sized businesses access the capital they need to grow – quickly, clearly, and with care. Since 2018, we’ve supported over 2,000 SMEs across the UK, and we’re not slowing down. We believe finance should work better for the people building our economy. That means fewer hurdles, faster answers, and support that feels human, not transactional. We back ambition with real funding, smart tools, and a team that gets what running a business really takes.
Our model puts people over paperwork. We work with brokers and with business owners to deliver funding that fits – without the faff. As we grow, we’re expanding our reach, recently launching mcl UAE and tools like LendPair, helping even more businesses find the right path to finance.
Our mission
To reshape SME finance and level the playing field – funding that’s fast, fair, and fits for the businesses of the future.
Our G.E.M.S values
- G – Growth: Not just business growth – personal growth, team growth, process growth. We level up.
- E – Enthusiasm: No fake hype. Just energy, urgency, and actually giving a toss.
- M – Maintaining Accountability: Own your actions and interactions. If it’s off, say it. If it’s broken, fix it.
- S – Seeing Strategically: Eyes on the big picture. Help us make smarter long-term moves.
THE ROLE
We’re looking for a sharp, decisive Senior Underwriter to take ownership of credit decisions across our deal flow. You’ll assess risk, structure approvals, and work closely with sales, ops, and credit to move good deals fast — and stop bad ones faster. This is a high-impact role where commercial instinct, precision, and pace are essential.
Key Responsibilities
- Take ownership of credit assessment across incoming deal flow, reviewing financials, bank statements, credit reports, and supporting documents to determine risk and suitability.
- Structure lending decisions including facility size, pricing, term, and security in line with the company’s risk appetite.
- Make clear, decisive credit recommendations and approvals while maintaining strong commercial judgement.
- Work closely with sales and broker teams to evaluate opportunities quickly and keep strong deals progressing through the pipeline.
- Identify risk flags early and decline or restructure deals that fall outside acceptable parameters.
- Maintain consistent underwriting standards while balancing speed, accuracy, and commercial outcomes.
- Provide clear feedback to sales teams and partners on declined or adjusted deals to improve future submissions.
- Monitor portfolio performance trends and contribute insights to improve credit policy and underwriting frameworks.
- Support the development of underwriting tools, data analysis, and processes that improve decision quality and turnaround time.
What we’re looking for
- Strong credit judgement with the confidence to make clear, decisive underwriting calls.
- Highly organised — nothing gets missed, nothing gets dropped.
- Able to work quickly and accurately in a fast-paced, high-volume deal environment.
- Commercial mindset — understands how to structure deals that work for both the business and the borrower.
- Clear, direct communicator who can explain credit decisions confidently to sales, brokers, and internal teams.
- Comfortable analysing financials, bank statements, and supporting documents to assess real business performance.
- Bonus: Experience in unsecured, short term SME underwriting.
Why Join Us?
- Competitive salary and path for progression.
- Flexible and supportive working environment.
- Office snacks & team socials.
- 25 days holiday.
- A role with real ownership and space to grow.
- Company gym membership.
- Life insurance.
Think you’re a fit? Let’s talk.
Underwriting in City of London employer: mcl finance
Contact Detail:
mcl finance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting in City of London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the finance and underwriting sectors. Attend industry events, join relevant online groups, and don’t be shy about reaching out to folks on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by practising your responses to common underwriting scenarios. Think about how you’d assess risk or structure a deal. We recommend doing mock interviews with friends or using online platforms to get comfortable with the process.
✨Tip Number 3
Showcase your commercial mindset! When you’re chatting with potential employers, highlight your ability to balance speed and accuracy in decision-making. Share examples of how you’ve successfully navigated complex deals in the past.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and engaged with our mission to reshape SME finance.
We think you need these skills to ace Underwriting in City of London
Some tips for your application 🫡
Show Your Enthusiasm: When writing your application, let your passion for the role shine through. We love candidates who are genuinely excited about reshaping SME finance and can convey that energy in their words.
Be Clear and Concise: We appreciate straightforward communication. Make sure your application is easy to read and gets straight to the point. Highlight your relevant experience and skills without unnecessary fluff.
Tailor Your Application: Don’t just send a generic application! Take the time to align your experience with our G.E.M.S values and the specific responsibilities of the Senior Underwriter role. Show us how you fit into our mission.
Apply Through Our Website: For the best chance of success, make sure to apply directly through our website. It helps us keep track of applications and ensures you’re considered for the role you’re excited about!
How to prepare for a job interview at mcl finance
✨Know Your Numbers
As a Senior Underwriter, you'll need to be comfortable with financials, bank statements, and credit reports. Brush up on your financial analysis skills before the interview. Be ready to discuss how you assess risk and structure lending decisions based on real business performance.
✨Showcase Your Commercial Mindset
Demonstrate your understanding of how to balance the needs of the business with those of the borrower. Prepare examples of past experiences where you've successfully structured deals that worked for both parties. This will show that you can think strategically and make sound credit recommendations.
✨Communicate Clearly and Confidently
You’ll need to explain your credit decisions to various teams, so practice articulating your thought process. Use clear, direct language and be prepared to back up your decisions with data. This will help convey your confidence and decisiveness during the interview.
✨Emphasise Your Organisational Skills
In a fast-paced environment, being organised is key. Share specific strategies you use to manage multiple deals and ensure nothing gets missed. Highlight any tools or processes you've implemented in the past that have improved efficiency in your underwriting work.