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- Tasks: Lead underwriting on deals, assess risk, and structure approvals for SMEs.
- Company: Join mcl, a dynamic company reshaping SME finance with a human touch.
- Benefits: Competitive salary, flexible work, 25 days holiday, and team socials.
- Why this job: Make a real impact in a fast-paced environment while supporting business growth.
- Qualifications: Highly organised, thrives under pressure, and strong communication skills.
- Other info: Opportunity for personal growth and coaching junior underwriters.
The predicted salary is between 36000 - 60000 £ 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 is 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:
- Growth: Not just business growth – personal growth, team growth, process growth. We level up. No fake hype. Just energy, urgency, and actually giving a toss.
- Maintaining Accountability: Own your actions and interactions. If it’s off, say it. If it’s broken, fix it.
- 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:
- Lead underwriting on deals from £10k–£250k
- Analyse financials, bank data, and open banking feeds to assess creditworthiness
- Apply credit risk policies while spotting smart exceptions
- Structure offers that balance speed, risk, and commercial value
- Work closely with the sales team to support fast decisions and clean execution
- Escalate and advise on edge cases and complex scenarios
- Maintain underwriting documentation and CRM accuracy
- Coach junior underwriters and support continuous credit policy refinement
What we’re looking for:
- Highly organised — nothing gets missed, nothing gets dropped
- Thrives in fast-paced environments with multiple moving parts
- Clear, professional communicator with a commercial edge
- Self-starter who stays aligned with team goals
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
Senior Underwriter employer: mcl finance
Contact Detail:
mcl finance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect 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 mcl and understanding their mission. Show us how your skills align with our G.E.M.S values. We want to see that you’re not just a fit for the role, but also for our culture!
✨Tip Number 3
Practice your pitch! Be ready to discuss your experience in underwriting and how you’ve made smart decisions in the past. We love candidates who can articulate their thought process clearly and confidently.
✨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’re always looking for passionate individuals who want to reshape SME finance with us.
We think you need these skills to ace Senior Underwriter
Some tips for your application 🫡
Show Your Passion for SMEs: When writing your application, let us know why you're passionate about helping small and medium-sized businesses. Share any relevant experiences that highlight your understanding of their needs and how you can contribute to our mission.
Be Clear and Concise: We appreciate clarity! Make sure your application is straightforward and to the point. Use bullet points where necessary to make it easy for us to see your key skills and experiences that align with the Senior Underwriter role.
Highlight Your Organisational Skills: As a Senior Underwriter, being organised is crucial. In your application, give examples of how you've successfully managed multiple tasks or projects in fast-paced environments. This will show us you can thrive in our dynamic setting.
Tailor Your Application: Don’t just send a generic application! Tailor your CV and cover letter to reflect the specific requirements of the role. Mention our G.E.M.S values and how you embody them, so we can see you’re a great fit for our team.
How to prepare for a job interview at mcl finance
✨Know Your Numbers
As a Senior Underwriter, you'll be dealing with financials and creditworthiness. Brush up on your financial analysis skills and be ready to discuss how you assess risk. Prepare examples of past experiences where you've successfully evaluated deals and made quick decisions.
✨Understand the Company Culture
mcl values growth, accountability, and strategic thinking. Familiarise yourself with their G.E.M.S values and think about how your personal values align with theirs. Be prepared to share how you embody these values in your work and decision-making.
✨Prepare for Scenario Questions
Expect to face complex scenarios during the interview. Think through potential edge cases you might encounter as an underwriter and how you would handle them. This will showcase your commercial instinct and ability to make smart exceptions.
✨Showcase Your Communication Skills
Clear communication is key in this role. Practice articulating your thoughts on underwriting processes and decisions. Be ready to explain how you would collaborate with sales and ops teams to ensure fast and clean execution of deals.
