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- Tasks: Join our fun underwriting team to process mortgage applications and develop your skills.
- Company: OSB Group is transforming into 'the bank of the future' with a focus on community and employee well-being.
- Benefits: Enjoy hybrid working, enhanced family benefits, and an annual bonus opportunity.
- Why this job: Be part of a supportive team that values personal growth and diversity in a dynamic workplace.
- Qualifications: Previous experience in mortgage administration or underwriting within UK financial services is essential.
- Other info: We promote inclusivity and encourage applicants from all backgrounds to apply.
The predicted salary is between 24000 - 28000 £ per year.
OSB Group West Midlands, England, United Kingdom
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OSB Group West Midlands, England, United Kingdom
4 days ago Be among the first 25 applicants
Join to apply for the Underwriter Tier 1 role at OSB Group
This range is provided by OSB Group. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
About the team:
Do you want to be part of a team of driven professionals who are focused and know how to have fun too? Our underwriting team in Wolverhampton is just that, and has a vast wealth of knowledge and experience within the specialist lending sector. Whether you need support with a case or just a friendly ear, our team is one where you arrive as a colleague and leave as a friend, and we can\’t wait to be joined by the right people. Could that be you?
What you will be doing:
As an Underwriter (Tier 1), you will have the opportunity to facilitate and progress mortgage applications, within the assigned mandate level, through to mortgage offer, and completion where applicable, in line with the Bank\’s operating procedures and policies and the Mortgage Credit Directive.
Working within a supportive team you will have access to a clear progression matrix to support your career goals !
Your responsibilities will include…
- Learning and developing underwriting skills, via training and coaching, with a view to obtaining own personal Lending mandate.
- Underwriting allocated applications to offer, within assigned mandate level and agreed service standards, requesting further information from relevant stakeholders where required and verifying this on receipt.
- Presenting cases to the Underwriting Manager for guidance and approval where appropriate.
- Offering mortgages to approved borrowers, within assigned mandate level and agreed service standards, requesting any outstanding information if required and verifying it on receipt.
- Communicating with intermediaries by telephone and in writing, handle objections and provide objective feedback to any questions.
What\’s in it for you?
We offer a base salary dependent on experience of between £ 30,000 – £ 32,000 and a competitive benefits package including:
- Enhanced family-focused benefits
- Hybrid-working *3 days in the office, 2 at home
- Annual bonus opportunity
Please use this link to see the fantastic benefits available at OSB: OSB Careers
About us:
At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become \’the bank of the future\’.
Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.
Do you have the skills?
- Previous experience in a mortgage administration or underwriting role within a UK financial services provider.
- Detailed level of knowledge of FCA/PRA regulation regarding residential mortgages.
- Ability to manage busy workloads is essential.
Next steps:
Interested? Apply now!
Closing date for applications is 12th September.
Still considering? Hear from our team or learn more about our recruitment process: OSB Careers
We believe in a personalised and inclusive approach, ensuring the process is relevant and conversational. If you need any adjustments or support, we\’re here to make sure you can show your best self.
Diversity, Equity & Inclusion
Our team value spending time together in the office, typically 3 days a week to support collaboration and connection with colleagues, but we\’re happy to have a conversation about what flexibility might look like for you.
Not sure if you meet all the criteria? Let us decide. Studies show that candidates from underrepresented backgrounds often feel they need to meet 100% of the criteria before applying. At OSB, we value the unique perspectives and experiences that diversity brings. We\’re committed to creating an inclusive space where everyone feels empowered to apply – even if you don\’t check every box.
We actively promote diversity at all levels, with Board-level Diversity Champions monitoring our progress. We\’re proud to be signatories of the Women in Finance Charter, supporting the growth of senior women in our sector. Our commitment extends to treating all employees and applicants equitably, ensuring fairness and respect for all.\”
#INLP
Seniority level
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Seniority level
Mid-Senior level
Employment type
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Employment type
Full-time
Job function
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Job function
Finance
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Underwriter Tier 1 employer: OSB Group
Contact Detail:
OSB Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter Tier 1
✨Tip Number 1
Familiarise yourself with the FCA/PRA regulations regarding residential mortgages. Understanding these regulations will not only help you in your role but also demonstrate your commitment and knowledge during interviews.
✨Tip Number 2
Network with professionals in the mortgage and underwriting sector. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at OSB Group.
✨Tip Number 3
Prepare to discuss your previous experience in mortgage administration or underwriting. Be ready to share specific examples of how you've managed workloads and resolved challenges, as this will showcase your suitability for the role.
✨Tip Number 4
Research OSB Group's culture and values. Understanding their commitment to diversity, equity, and inclusion will help you align your responses during interviews and show that you're a good fit for their team.
We think you need these skills to ace Underwriter Tier 1
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Underwriter Tier 1 position. Understand the key responsibilities and required skills, such as knowledge of FCA/PRA regulations and experience in mortgage administration.
Tailor Your CV: Customise your CV to highlight relevant experience in underwriting or mortgage administration. Emphasise any specific achievements or skills that align with the requirements mentioned in the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention how your background fits the team culture at OSB Group and express your enthusiasm for contributing to their mission.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial in the underwriting field.
How to prepare for a job interview at OSB Group
✨Know Your Regulations
Familiarise yourself with FCA/PRA regulations regarding residential mortgages. Being able to discuss these regulations confidently will show your understanding of the industry and your readiness for the role.
✨Demonstrate Team Spirit
Since OSB Group values a supportive team environment, be prepared to share examples of how you've collaborated with colleagues in previous roles. Highlighting your ability to work well within a team can set you apart.
✨Prepare for Case Presentations
Understand the process of presenting cases to the Underwriting Manager. Be ready to discuss how you would approach case evaluations and what information you would consider essential for approval.
✨Showcase Your Communication Skills
As communication with intermediaries is key, practice articulating your thoughts clearly and concisely. Prepare to handle potential objections and provide constructive feedback during the interview.