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- Tasks: Assess risk and make lending decisions for motor finance proposals.
- Company: Join a prestigious motor finance provider with a strong reputation.
- Benefits: Enjoy a competitive salary, car allowance, and additional perks.
- Why this job: Be part of a dynamic team making impactful financial decisions.
- Qualifications: 3 years in underwriting or credit analysis; automotive experience is a plus.
- Other info: Contact Vicky at 01279713900 for more details.
The predicted salary is between 28000 - 42000 £ per year.
Salary £35k plus car and benefits
Working for a prestigious motor finance provider, the Underwriter will assess risk by manually underwriting dealer proposals. As part of the manual underwriting process, the Underwriter will undertake the appropriate analysis of retail customer’s financial statements to assist in reaching timely and accurate conclusions on the Referral (e.g., “Accept” or “Decline” decision). This information, coupled with an analysis of the customer’s repayment capacity, will enable the Underwriter to reach the appropriate lending decision. This will ensure that work queues are reviewed and actioned in accordance with agreed proposal status review targets.
In addition, the Underwriter will:
- Self-manage own work queue
- Answer inbound dealer and Account Manager inquiry calls in accordance with an average speed of answer targets
- Answer inbound Payout and Activation inquiry calls as required
- Ensure Team Leader is aware of potential issues associated with proposal backlog
Person specification:
- Capable of undertaking quantitative and qualitative analysis; the ability to review metrics/financial ratios and supporting information and understand what they mean for each proposal
- Understand financial statements (balance sheets, income statements, cash flow)
- Able to interpret CRA and HPI reports, extracting non-apparent information when making lending decisions
- Thoroughly understand underwriting and credit practices and procedures
- Adhere to the Underwriting team schedule and attendance guidelines
- Confident in making credit decisions and takes ownership of individual proposals
Knowledge, experience and qualifications:
- 3 years of experience in an underwriting or credit analyst position in financial services
- Experience in the automotive or consumer finance industry is advantageous
- Practical experience with scorecard design and testing
Please contact Vicky for more information at 01279713900.
Underwriter – Motor Finance – Slough employer: Motor Finance Online
Contact Detail:
Motor Finance Online Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter – Motor Finance – Slough
✨Tip Number 1
Familiarise yourself with the latest trends in motor finance and underwriting practices. This will not only help you understand the industry better but also allow you to engage in informed discussions during interviews.
✨Tip Number 2
Network with professionals in the automotive finance sector. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at StudySmarter.
✨Tip Number 3
Brush up on your analytical skills, especially in interpreting financial statements and CRA reports. Being able to demonstrate your ability to analyse these documents effectively will set you apart from other candidates.
✨Tip Number 4
Prepare for potential interview questions by practising how you would handle specific underwriting scenarios. This will showcase your decision-making skills and confidence in managing proposals, which are crucial for this role.
We think you need these skills to ace Underwriter – Motor Finance – Slough
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting or credit analysis, particularly in the automotive or consumer finance sectors. Use specific examples to demonstrate your skills in quantitative and qualitative analysis.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Underwriter position and explain how your background aligns with the job requirements. Mention your experience with financial statements and credit practices, and how you can contribute to the team.
Highlight Relevant Skills: Emphasise your ability to interpret CRA and HPI reports, as well as your understanding of underwriting processes. Make it clear that you are confident in making credit decisions and can manage your work queue effectively.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for an Underwriter role.
How to prepare for a job interview at Motor Finance Online
✨Know Your Financial Statements
Make sure you brush up on your understanding of balance sheets, income statements, and cash flow statements. Be prepared to discuss how you would analyse these documents in relation to underwriting decisions.
✨Demonstrate Analytical Skills
Since the role requires both quantitative and qualitative analysis, be ready to showcase your analytical skills. You might be asked to interpret financial ratios or CRA and HPI reports, so practice explaining your thought process clearly.
✨Familiarise Yourself with Underwriting Practices
Understand the key underwriting and credit practices relevant to the motor finance industry. Be prepared to discuss your previous experience in making credit decisions and how you take ownership of proposals.
✨Prepare for Scenario Questions
Expect scenario-based questions where you may need to make quick lending decisions based on hypothetical situations. Practise articulating your reasoning and decision-making process under pressure.
