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- Tasks: Manage bridging loan applications from start to finish, ensuring compliance and satisfaction.
- Company: Join a growing specialist Property Lending bank in London focused on bridging finance.
- Benefits: Enjoy hybrid working, private medical insurance, 26 days holiday, and career development opportunities.
- Why this job: Be part of an exciting team with a strong focus on growth and professional development.
- Qualifications: 2+ years in Bridging Underwriting with strong analytical and communication skills required.
- Other info: This role offers a competitive salary up to £65,000 plus bonuses.
The predicted salary is between 52000 - 78000 £ per year.
Up to £65,000 plus excellent bonus and benefits. Hybrid working available!
Due to exciting growth and expansion, a fantastic opportunity has arisen for an experienced lending Underwriter to join a specialist Property Lending bank in London. Specializing in bridging finance, you will be responsible for responding to requests from brokers and applicants for regulated and unregulated transactions. This role will manage the underwriting and due diligence process from loan application to loan drawdown.
Duties of the Bridging Underwriter to include:
- Make lending decisions in accordance with Credit Risk Policy and individual mandate thresholds.
- Manage a pipeline of 35-45 Bridging applications, or a volume aligned with team standards, from application to credit approval and drawdown to meet departmental targets.
- Adhere strictly to internal underwriting policy and regulatory requirements, including FCA, PRA, Money Laundering, Prevention of Financial Crime, and Data Protection.
- Collaborate with Sales to progress cases from decision in principle to drawdown.
- Prepare detailed credit papers outlining all relevant conditions and present proposals to the Bridging Credit Committee.
- Review and finalize offer letters.
- Proactively ensure satisfaction of pre-commencement loan conditions and expedite cases to drawdown.
- Ensure accurate and comprehensive data entry into the Bank's electronic systems pre and post drawdown.
- Complete post-completion activities in accordance with Bank policies and processes.
Requirements for the successful Bridging Underwriter:
- 2+ years experience working within Bridging Underwriting.
- Demonstrable ability to analyse, negotiate and structure potential bridging loans in accordance with credit policy, and presenting to Credit Committee when required.
- Has previously held a lending mandate.
- Previous experience working within both the regulated and unregulated market highly desirable.
- Excellent communication and interpersonal skills, building relationships with stakeholders, intermediaries and professionals.
What’s in it for you:
- Private Medical Insurance.
- 26 days holiday.
- Hybrid Working offering you the ability to balance your work and home life.
- Excellent career development opportunities and sponsorship of relevant qualifications.
- And MUCH MORE.
Bridging Underwriter - Specialist Lending Group employer: Montpellier Resourcing
Contact Detail:
Montpellier Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Bridging Underwriter - Specialist Lending Group
✨Tip Number 1
Familiarise yourself with the latest trends in bridging finance. Understanding current market conditions and regulatory changes will not only boost your confidence but also impress potential employers during discussions.
✨Tip Number 2
Network with professionals in the property lending sector. Attend industry events or join relevant online forums to connect with others in the field, which can lead to valuable insights and potential job referrals.
✨Tip Number 3
Prepare for interviews by practising common underwriting scenarios. Being able to discuss how you would handle specific cases or challenges will demonstrate your expertise and problem-solving skills to the hiring team.
✨Tip Number 4
Showcase your communication skills by preparing examples of how you've successfully collaborated with brokers and stakeholders in the past. This will highlight your ability to build relationships, which is crucial for a Bridging Underwriter role.
We think you need these skills to ace Bridging Underwriter - Specialist Lending Group
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in bridging underwriting specifically. Include relevant roles, responsibilities, and achievements that align with the job description provided by the specialist Property Lending bank.
Craft a Compelling Cover Letter: Write a cover letter that addresses your understanding of the bridging finance sector. Mention your experience with regulated and unregulated markets, and how you can contribute to the team’s success in managing applications and adhering to credit policies.
Highlight Relevant Skills: In your application, emphasise your analytical skills, ability to negotiate, and experience with credit committees. These are crucial for the role and should be clearly articulated in both your CV and cover letter.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application reflects your attention to detail, which is vital in underwriting roles.
How to prepare for a job interview at Montpellier Resourcing
✨Know Your Numbers
As a Bridging Underwriter, you'll need to demonstrate your understanding of financial metrics and credit policies. Brush up on key figures related to bridging finance, such as loan-to-value ratios and interest rates, so you can discuss them confidently during the interview.
✨Showcase Your Experience
Be prepared to share specific examples from your past roles that highlight your experience with both regulated and unregulated markets. Discuss how you've successfully managed underwriting processes and made lending decisions in line with credit risk policies.
✨Understand Regulatory Requirements
Familiarise yourself with the relevant regulations, including FCA and PRA guidelines. Being able to articulate how you ensure compliance in your underwriting practices will show that you take these responsibilities seriously.
✨Build Rapport
Since this role involves collaboration with various stakeholders, practice your interpersonal skills. Be ready to discuss how you've built relationships with brokers and other professionals in the past, as this will be crucial for success in the position.
