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- Tasks: Assess retail credit applications and analyse customer data for lending decisions.
- Company: Momenta is a dynamic financial services company focused on delivering quality outcomes.
- Benefits: Enjoy hybrid work options and competitive daily rates.
- Why this job: Join a high-quality team and make impactful lending decisions while developing your analytical skills.
- Qualifications: 1+ years in credit or lending roles, strong analytical skills, and knowledge of UK regulations required.
- Other info: Contract position with a start date of 1st August 2025, working standard business hours.
The predicted salary is between 30000 - 42000 £ per year.
Momenta Milton Keynes, England, United Kingdom
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Momenta Milton Keynes, England, United Kingdom
Join to apply for the Retail Credit Analyst role at Momenta
Direct message the job poster from Momenta
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.
Tell me more
- Location: Hybrid (1 day per week in Milton Keynes office)
- Rate: £170 p/d inside IR35
- Work Pattern: Standard Business Hours (M-F 8.30 – 5pm)
- Start Dates: 1st August 2025
- Duration: 3 Month Contract
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
Seniority level
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Seniority level
Associate
Employment type
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Employment type
Contract
Job function
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Job function
Finance
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Industries
Financial Services and Banking
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Retail Credit Underwriter employer: Momenta
Contact Detail:
Momenta Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Retail Credit Underwriter
✨Tip Number 1
Familiarise yourself with the key regulations and guidelines related to credit underwriting in the UK, such as CONC 5. This knowledge will not only help you understand the role better but also demonstrate your commitment and expertise during interviews.
✨Tip Number 2
Brush up on your analytical skills by practising with real-life case studies or scenarios related to credit applications. Being able to discuss specific examples of how you've assessed creditworthiness can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the financial services sector, especially those who work in credit underwriting. Engaging with industry peers can provide valuable insights and potentially lead to referrals for the position at Momenta.
✨Tip Number 4
Prepare to discuss your experience with handling customer queries and escalations. Highlighting your problem-solving abilities and communication skills will show that you're well-equipped to handle the responsibilities of the role effectively.
We think you need these skills to ace Retail Credit Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit or lending roles. Emphasise your understanding of UK regulations and any specific skills related to credit risk assessment.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the responsibilities mentioned in the job description. Explain how your analytical skills and experience align with the role of a Retail Credit Underwriter.
Showcase Relevant Skills: In your application, clearly demonstrate your problem-solving abilities and communication skills. Provide examples of how you've successfully handled similar tasks in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A well-presented application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Momenta
✨Know Your Numbers
As a Retail Credit Underwriter, you'll be dealing with financial data daily. Brush up on your understanding of credit reports, income statements, and expenditure models. Be prepared to discuss how you would interpret these documents during the interview.
✨Understand Regulatory Standards
Familiarise yourself with UK regulations and credit risk principles, especially CONC 5. Being able to articulate your knowledge of these regulations will demonstrate your readiness for the role and your commitment to compliance.
✨Showcase Analytical Skills
Prepare examples that highlight your analytical and problem-solving skills. Discuss specific situations where you've made informed decisions based on data, as this is crucial for assessing credit applications effectively.
✨Communicate Clearly
Strong communication skills are essential in this role. Practice explaining complex financial concepts in simple terms. During the interview, ensure you present your findings clearly and concisely, showcasing your ability to collaborate with team members.
