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- Tasks: Evaluate and process loan applications for residential development projects.
- Company: Join a leading recruitment agency with over 20 years of experience in the UK.
- Benefits: Enjoy competitive salary, hybrid work options, and 25+ days holiday.
- Why this job: Be part of a friendly, high-performing team and grow your career in finance.
- Qualifications: Experience in underwriting residential loans and strong financial analysis skills required.
- Other info: Immediate start available; perfect for detail-oriented individuals passionate about property finance.
The predicted salary is between 36000 - 60000 £ per year.
Title: Development Underwriter (Residential Projects) Location: Hertfordshire / Hybrid Salary: Competitive Bonus Benefits Job Type: Full-Time | Permanent Start Date: ASAP Are you a detail-driven Development Underwriter with hands-on experience in non-commercial (residential) development finance? We’re looking for an underwriting professional who understands the risks and rewards of small to mid-sized residential property projects—and knows how to assess them with accuracy and confidence. About the Role As a Development Underwriter, you will evaluate and process loan applications for residential-only development projects—ranging from single-unit builds to multi-unit schemes. You\’ll work closely with brokers, surveyors, and internal teams to ensure each deal is structured responsibly and aligns with our lending criteria. Key Responsibilities: * Underwrite residential development finance applications from enquiry to completion * Assess borrower experience, project viability, build costs, GDV, and exit strategies * Review valuation reports, monitoring surveyor updates, and legal documentation * Prepare detailed credit papers for internal approvals * Work collaboratively with sales, risk, and operations teams * Maintain relationships with brokers, developers, and professional advisers * Keep up to date with market trends and regulatory changes affecting residential lending What We\’re Looking For: * Proven experience underwriting residential development loans (non-commercial) * Strong understanding of residential construction processes and risk management * Familiarity with development appraisals, cost plans, and project timelines * Excellent financial analysis, communication, and report writing skills * Ability to manage a fast-paced caseload with efficiency and attention to detail * Commercial mindset with a solution-oriented approach * Experience in specialist lending, bridging, or short-term finance is a bonus What Offer: * Competitive salary and performance-based bonus * Hybrid/flexible working options * 25+ days holiday bank holidays * Career progression in a growing and ambitious business * Friendly, high-performing team culture * Support for professional development Due to a very high number of applications we are unable to come back to every candidate with feedback. If you do not hear from us within 48 hours please assume that you have been unsuccessful on this occasion. Your CV will be registered with us and we will keep you updated with any other positions that may be of interest. However please keep checking our website as new roles will be updated daily, Nouvo Recruitment London wishes you the best of luck in your job search. Nouvo Recruitment London operate as an independent recruitment agency with over 20 years of experience supporting clients and candidates nationally across the UK
Underwriter (Development) employer: Nouvo Recruitment
Contact Detail:
Nouvo Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter (Development)
✨Tip Number 1
Familiarise yourself with the latest trends in residential development finance. Understanding current market conditions and regulatory changes will not only boost your confidence but also demonstrate your commitment to staying informed, which is crucial for an Underwriter.
✨Tip Number 2
Network with professionals in the residential development sector. Attend industry events or join relevant online forums to connect with brokers, surveyors, and other underwriters. Building these relationships can provide valuable insights and potentially lead to job referrals.
✨Tip Number 3
Prepare to discuss specific case studies or examples from your past experience during interviews. Highlighting your hands-on experience with residential projects and how you assessed risks and rewards will showcase your expertise and make you a standout candidate.
✨Tip Number 4
Demonstrate your problem-solving skills by thinking of potential challenges in residential development projects and how you would address them. This proactive approach will show that you have a commercial mindset and are ready to tackle the fast-paced nature of the role.
We think you need these skills to ace Underwriter (Development)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in underwriting residential development loans. Focus on relevant skills such as financial analysis, risk management, and your understanding of construction processes.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific projects you've worked on and how they relate to the responsibilities of the Development Underwriter position.
Highlight Relevant Experience: In your application, emphasise your hands-on experience with non-commercial residential development finance. Include examples of how you've assessed project viability and managed caseloads efficiently.
Showcase Communication Skills: Since the role involves collaboration with brokers and internal teams, demonstrate your strong communication skills in your application. Provide examples of successful teamwork or stakeholder engagement from your previous roles.
How to prepare for a job interview at Nouvo Recruitment
✨Know Your Numbers
As a Development Underwriter, you'll need to demonstrate your strong financial analysis skills. Brush up on key metrics related to residential development finance, such as GDV (Gross Development Value) and build costs. Be prepared to discuss how you assess these figures in real-world scenarios.
✨Showcase Your Experience
Highlight your hands-on experience with residential development loans during the interview. Prepare specific examples of projects you've underwritten, focusing on your role in assessing project viability and managing risks. This will show your potential employer that you have the practical knowledge they are looking for.
✨Understand the Market
Stay updated on current market trends and regulatory changes affecting residential lending. Being able to discuss recent developments in the industry will demonstrate your commitment and understanding of the field, making you a more attractive candidate.
✨Communicate Clearly
Excellent communication skills are crucial for this role. Practice articulating your thoughts clearly and concisely, especially when discussing complex financial concepts. This will help you convey your ideas effectively to brokers, developers, and internal teams during the interview.
