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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 team socials.
- Other info: Enjoy a supportive 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 organisational skills in a fast-paced environment.
The predicted salary is between 60000 - 75000 £ per year.
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 London employer: mcl finance
Contact Detail:
mcl finance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with potential colleagues on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Senior Underwriter role.
✨Tip Number 2
Prepare for interviews by researching the company and its values. Understand their mission to reshape SME finance and think about how your skills align with their G.E.M.S values. We want to see your enthusiasm and strategic thinking shine through!
✨Tip Number 3
Practice your credit assessment skills! Brush up on analysing financials and structuring lending decisions. We’re looking for someone who can make clear, decisive calls, so show us you’ve got the chops to handle the fast-paced environment.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us. Let’s get you on board!
We think you need these skills to ace Underwriting in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the Senior Underwriter role. Highlight your experience in credit assessment and any relevant achievements that showcase your commercial mindset. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about reshaping SME finance and how your skills align with our G.E.M.S values. Keep it concise but impactful – we love enthusiasm!
Showcase Your Decision-Making Skills: In your application, give examples of how you've made clear, decisive credit recommendations in the past. We’re looking for someone who can demonstrate strong credit judgement and a knack for structuring deals that work for everyone involved.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at mcl finance
✨Know Your Numbers
As a Senior Underwriter, you'll need to demonstrate your ability to analyse financials and assess risk. Brush up on key financial metrics and be ready to discuss how you would evaluate a business's performance based on their bank statements and credit reports.
✨Showcase Your Commercial Mindset
This role requires a strong commercial instinct. Prepare examples of how you've structured deals in the past that benefited both the lender and the borrower. Be ready to explain your thought process and how you balance risk with opportunity.
✨Communicate Clearly
Effective communication is crucial in this position. Practice articulating your credit decisions and recommendations clearly and confidently. Think about how you would explain complex concepts to sales teams or brokers who may not have a financial background.
✨Emphasise Your Organisational Skills
In a fast-paced environment, being organised is key. Prepare to discuss your methods for managing multiple deals simultaneously without missing important details. Share specific strategies you've used to maintain accuracy while working quickly.