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- Tasks: Assess and recommend lending proposals while ensuring sound credit decisions.
- Company: Fast-growing UK bank with a commitment to innovation and risk management.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Why this job: Join a dynamic team and make impactful lending decisions for diverse clients.
- Qualifications: Experience in underwriting and strong analytical skills required.
- Other info: Opportunity for career growth in a collaborative and professional setting.
The predicted salary is between 36000 - 60000 £ per year.
An established, fast-growing UK bank is expanding its lending portfolio and is seeking an experienced Underwriter to join its SME Lending team. The organisation supports a broad range of retail, SME and Banking-as-a-Service clients, and is committed to maintaining a strong financial crime and risk management framework as it scales. As part of this growth, the bank is enhancing its personal and business banking offering, and continues to invest heavily in robust credit practices.
About the Role
This role plays a key part in assessing, structuring and recommending lending proposals, ensuring sound credit decisions and high-quality service for customers and internal stakeholders. You will analyse counterparties, ensure serviceability, assess collateral and support the delivery of a prudent and commercially minded lending strategy. You will work across a variety of asset classes, including:
- Trading businesses secured against owner-occupied commercial properties
- Commercial property investment
- Buy-to-let lending
Key Responsibilities
- Support the delivery of the bank’s credit strategy in line with risk appetite, policy frameworks and governance requirements.
- Help maintain high standards of professionalism, integrity and conduct across the underwriting function.
- Uphold robust lending standards consistent with industry expectations.
- Ensure strong customer outcomes through quality credit assessment and decision-making.
- Coach, mentor and support colleagues within the underwriting team.
- Work closely with frontline teams to balance commercial objectives with appropriate risk management.
- Prepare high-quality underwriting papers, both within delegated authority and for escalation to Credit Committee.
- Present and defend cases at Credit Committee when required.
- Monitor portfolio performance, including early warning indicators, in-life events and signs of deterioration.
- Set and oversee covenants and ongoing conditions on new and existing facilities.
- Collaborate with senior credit leaders and stakeholders to refine portfolio oversight processes.
- Conduct periodic reviews and annual assessments of existing exposures.
Underwriter employer: Morson Edge (Technology)
Contact Detail:
Morson Edge (Technology) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and finance sector. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have a lead on that perfect Underwriter role!
✨Tip Number 2
Prepare for interviews by brushing up on your credit assessment skills. Be ready to discuss how you’ve handled lending proposals in the past. Use real examples to showcase your ability to balance risk management with commercial objectives.
✨Tip Number 3
Showcase your analytical skills! When you get the chance to present your case studies or underwriting papers, make sure to highlight your thought process. This will demonstrate your ability to make sound credit decisions and support the bank’s lending strategy.
✨Tip Number 4
Don’t forget to apply through our website! We’re always looking for talented individuals to join our team. Make sure your application reflects your understanding of the bank’s commitment to robust credit practices and high-quality service.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your experience in assessing lending proposals and managing risk, as these are key aspects of the job. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about joining our SME Lending team and how you can contribute to our credit strategy. Keep it concise but impactful – we love a good story!
Showcase Relevant Experience: When filling out your application, be sure to showcase any relevant experience you have with commercial property investment or buy-to-let lending. We’re looking for candidates who understand the nuances of different asset classes.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about our bank and what we stand for.
How to prepare for a job interview at Morson Edge (Technology)
✨Know Your Numbers
As an Underwriter, you'll need to demonstrate your understanding of credit assessment and risk management. Brush up on key financial metrics and be ready to discuss how you analyse counterparties and assess serviceability. Use specific examples from your past experience to show how you've made sound credit decisions.
✨Understand the Bank's Strategy
Familiarise yourself with the bank's lending strategy and risk appetite. Research their approach to SME lending and be prepared to discuss how you can contribute to maintaining high standards of professionalism and integrity in line with their policies. This shows that you're not just interested in the role, but also in the organisation's goals.
✨Prepare for Case Presentations
Since you'll need to present and defend cases at the Credit Committee, practice articulating your thought process clearly and confidently. Prepare a mock case study based on your previous work, focusing on how you structured lending proposals and ensured robust credit practices. This will help you feel more comfortable during the actual interview.
✨Show Your Collaborative Spirit
Highlight your ability to work closely with frontline teams and other stakeholders. Share examples of how you've balanced commercial objectives with risk management in the past. This will demonstrate your teamwork skills and your commitment to achieving strong customer outcomes, which is crucial for this role.