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- Tasks: Support underwriting teams in assessing loan applications and ensuring compliance with lending criteria.
- Company: Join a growing specialist Property Lending company in the heart of London.
- Benefits: Enjoy a competitive salary, excellent bonuses, and a vibrant office culture.
- Why this job: Gain hands-on experience in finance while building relationships in a dynamic environment.
- Qualifications: Must have a degree in business or finance and prior loan underwriting experience.
- Other info: This role requires 5 days in the office, perfect for those who thrive in a collaborative setting.
The predicted salary is between 28800 - 48000 £ per year.
Due to exciting growth and expansion, a fantastic opportunity has arisen for an Assistant Underwriter to join a specialist Property Lending company in London. Specializing in bridging finance, you will be responsible for supporting the underwriting teams in assessing and processing loan applications, ensuring all are thoroughly reviewed and meet the lending criteria.
Please note this role is 5 days in the office.
Duties of the Assistant Underwriter (Bridging Finance) include:
- Assist with the initial review and evaluation of bridging loan and buy-to-let mortgage applications, ensuring all necessary documentation is collected and verified.
- Perform preliminary checks on applicants' creditworthiness and property valuations, while coordinating with brokers, clients, and stakeholders to gather relevant information.
- Keep application records accurate and up to date within the underwriting system, offering administrative support to the underwriting team as required.
- Follow up with introducers and brokers for any outstanding or pending documentation, ensuring timely responses.
- Manage communication with valuers and surveyors, coordinating property valuation instructions, inspections, and report delivery.
- Track invoice payments and ensure all financial records are kept current.
- Prepare new case files by conducting necessary searches such as Land Registry, AML, and KYC checks.
- Provide prompt updates and manage information received through email, post, and telephone to keep case files updated.
- Foster strong working relationships with brokers, clients, solicitors, and surveyors, delivering high-quality customer service.
- Handle additional tasks related to underwriting assistance as assigned by line managers, including formally managing valuers and scheduling appointments for property visits.
Requirements for the successful Assistant Underwriter (Bridging Finance):
- Educated to university undergraduate degree level (or equivalent), in business, finance or a related field.
- Previous experience in loan underwriting is essential, with experience in bridging finance highly desirable.
- Excellent communication abilities with strong written and verbal skills.
- Excellent organisational skills and ability to prioritise and manage multiple tasks as part of a busy workload.
Assistant Underwriter in Central London employer: Montpellier Resourcing Associates Limited
Contact Detail:
Montpellier Resourcing Associates Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter in Central London
✨Tip Number 1
Familiarise yourself with the specifics of bridging finance. Understanding the nuances of this type of lending will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the property lending sector. Attend industry events or join relevant online forums to connect with current underwriters and gain insights into their experiences and expectations.
✨Tip Number 3
Prepare for potential interview questions by practising your responses to common scenarios faced by underwriters. This could include discussing how you would handle specific loan applications or manage communication with brokers.
✨Tip Number 4
Showcase your organisational skills during the interview. Be ready to discuss how you prioritise tasks and manage multiple responsibilities, as these are crucial for the Assistant Underwriter role.
We think you need these skills to ace Assistant Underwriter in Central London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in loan underwriting and bridging finance. Use specific examples to demonstrate your skills in evaluating applications and managing documentation.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your communication skills and ability to manage multiple tasks, as these are crucial for the Assistant Underwriter position.
Highlight Relevant Qualifications: Clearly state your educational background, especially if you have a degree in business, finance, or a related field. If you have any certifications or additional training in underwriting, be sure to include those as well.
Showcase Your Customer Service Skills: Since the role involves fostering relationships with brokers and clients, provide examples of how you've delivered high-quality customer service in previous roles. This will demonstrate your suitability for the position.
How to prepare for a job interview at Montpellier Resourcing Associates Limited
✨Know Your Stuff
Make sure you understand the basics of bridging finance and loan underwriting. Brush up on key terms and processes, as well as the specific lending criteria of the company. This will show your enthusiasm and preparedness.
✨Showcase Your Communication Skills
As an Assistant Underwriter, you'll need to communicate effectively with various stakeholders. Prepare examples of how you've successfully managed relationships in previous roles, highlighting your verbal and written communication skills.
✨Demonstrate Organisational Skills
Be ready to discuss how you prioritise tasks and manage multiple responsibilities. Use specific examples from your past experiences to illustrate your ability to keep records accurate and up to date, especially in a busy environment.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's culture, team dynamics, and expectations for the role. This not only shows your interest but also helps you gauge if the company is the right fit for you.
