Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join our affordability team to assess retail credit applications and make lending decisions.
- Company: A leading financial services provider focused on responsible lending and customer outcomes.
- Benefits: Enjoy a collaborative work environment with opportunities for growth and development.
- Why this job: Make a real impact by ensuring credit is affordable and helps customers succeed.
- Qualifications: 1+ years in credit or lending, strong analytical skills, and knowledge of UK regulations required.
- Other info: Be part of a high-quality team with strict deadlines and a focus on accuracy.
The predicted salary is between 28800 - 43200 £ per year.
Our client is seeking Credit Underwriters to join their affordability team where you will be responsible for assessing retail credit applications supported by creditworthiness and affordability data to determine lending decisions, ensuring credit is affordable and results in good customer outcomes. Successful candidates will be working with a high level of accuracy to prescribed processes and strict deadlines as part of a high-quality team.
Responsibilities:
- Interpret and analyse customer data such as credit report, open banking reports and/or payslips and bank statements to identify and validate income and expenditure.
- Analyse the data to identify any key financial vulnerabilities.
- Utilise internal income and expenditure models to form a lending decision and progress the decision to either approve or refer to a senior underwriter as appropriate.
- Review and verify customer documentation, ensuring accuracy and completeness in accordance with company policies and regulatory standards.
- Handle queries and escalations internally and externally in a proactive and solution-orientated manner.
- Work closely with colleagues across the credit and sales teams to ensure clear understanding and communication of credit processes and requirements.
Essential skills & experience required:
- Minimum of 1 years’ experience in a credit or lending based role within the financial services sector.
- A strong understanding of UK regulation, credit risk principles and risk assessment considerations.
- Working knowledge of consumer lending environments and CONC 5 is highly desirable.
- Excellent analytical and problem-solving skills with the ability to make informed decisions based on data and regulatory guidelines.
- Strong communication skills, both written and verbal with the ability to present findings clearly and concisely.
- A team player who can collaborate with team members and wider colleagues across the business.
To express your interest in this opportunity, don’t delay; please click apply now.
Retail Credit Underwriter employer: Momenta Group
Contact Detail:
Momenta Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Retail Credit Underwriter
✨Tip Number 1
Familiarise yourself with UK credit regulations and risk assessment principles. Understanding the legal framework will not only help you in interviews but also demonstrate your commitment to compliance and customer outcomes.
✨Tip Number 2
Brush up on your analytical skills by practising with real-life data sets. Being able to interpret and analyse customer financial information accurately is crucial for this role, so consider using online resources or courses to enhance your abilities.
✨Tip Number 3
Network with professionals in the financial services sector, especially those in credit underwriting roles. Engaging with industry peers can provide insights into the job market and may even lead to referrals or recommendations.
✨Tip Number 4
Prepare for potential interview questions by thinking about scenarios where you've successfully collaborated with team members. Highlighting your teamwork skills will show that you're a good fit for the collaborative environment at StudySmarter.
We think you need these skills to ace Retail Credit Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Retail Credit Underwriter. Familiarise yourself with the key tasks such as analysing customer data and making informed lending decisions.
Tailor Your CV: Highlight your relevant experience in credit or lending roles within the financial services sector. Emphasise your understanding of UK regulations and credit risk principles to align with the job requirements.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your analytical skills and problem-solving abilities. Mention specific examples from your past experience where you successfully assessed credit applications or handled customer queries.
Proofread Your Application: Ensure that your CV and cover letter are free from errors. A high level of accuracy is crucial for this role, so take the time to review your application thoroughly before submitting it.
How to prepare for a job interview at Momenta Group
✨Know Your Numbers
As a Retail Credit Underwriter, you'll be dealing with financial data daily. Brush up on your understanding of credit reports, open banking reports, and payslips. Be prepared to discuss how you interpret these documents and what key indicators you look for when assessing affordability.
✨Understand Regulatory Standards
Familiarise yourself with UK regulations and the principles of credit risk assessment. Be ready to explain how these regulations influence your decision-making process. Showing that you understand CONC 5 will definitely give you an edge.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical and problem-solving skills during the interview. You might be asked to analyse a sample case or data set, so practice explaining your thought process clearly and concisely. Highlight any past experiences where your analysis led to successful lending decisions.
✨Communication is Key
Strong communication skills are essential in this role. Be ready to discuss how you handle queries and escalations, both internally and externally. Think of examples where you effectively communicated complex information to colleagues or clients, ensuring clarity and understanding.
