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For Companies At a Glance
- Tasks: Lead a team of underwriters and make key lending decisions based on detailed analysis.
- Company: Join Premium Credit, a top-rated provider in insurance premium finance.
- Benefits: Enjoy a competitive salary, hybrid working, and generous annual leave.
- Why this job: Be part of a growing company that values and invests in your development.
- Qualifications: Experience in credit underwriting and team leadership is essential.
- Other info: Diversity and inclusion are at our core; we welcome all applicants.
The predicted salary is between 47000 - 63000 £ per year.
Why work for us?
- Competitive salary £55,000 to £70,000 per annum
- A workplace pension scheme
- Hybrid working, with collaborative days in our Leatherhead office
- 25 days annual leave (plus bank holidays), with options to purchase and sell up to 5 days holiday per year (pro rata)
- Private health and dental cover
- Support and investment in your personal development
- 24/7 access to Employee Assistance Programme and Mental Health First Aiders
What we do
Premium Credit is the leading provider of insurance premium finance and a range of annually charged services, including tax, regulatory and accountancy fees, sports season tickets, memberships and school fees in the UK and Ireland. We are a multi award winning business lending more than £5.5 billion to over 2.9 million customers through a network of almost three thousand partners and growing. Certified as a Great Place to Work, we are a successful business with a Trustpilot rating of 4.5, a Glassdoor rating of 4.1 and a Silver Sustainability medal.
The Role
This is an exciting time of growth for us, and we are hiring a Senior Underwriter to help us continue this success. This is a great opportunity to develop a varied and rewarding career with a company that invests in, recognises and rewards its people. Reporting to the Underwriting Manager, you will provide commercially based lending decisions based on detailed analysis of customer accounts and information, ensuring that these decisions comply with regulations and PCL processes.
Responsibilities
- Manage a group of underwriters to deliver credit decisions and undertake people leader responsibilities such as objectives, performance management, 1 2 1s and mid year / end of year appraisals
- Assist the Underwriting Manager with day to day tasks, deputising as appropriate
- Underwrite cases within your individual mandate, adhering to policies and internal and external service level agreements
- Review renewals, in line with service commitments
- Responsible for analysis and preparation of large value cases outside of mandate level, providing recommendations
- Review customer credit reports, balance sheets, accounts and cash flow models to assess level of risk, underwriting appropriately
- Work collaboratively with the sales team and partners to understand requirements, developing business opportunities within the risk appetite of the company
- Continuously look for improvements to processes to maximise relationships
Qualifications
- Significant experience within a similar credit underwriting position
- Team leadership experience; collaborating, developing and coaching team members
- Ability to cope with large volumes
- Ability to read unaudited balance sheets, cash flow statements and other financial reports
- Highly numerate with high levels of accuracy and attention to detail
- Clear and concise summarisation of proposals
- Ideal experience of instalment credit
Equal Opportunities & Support
Premium Credit is an equal opportunities employer with a strong commitment to Diversity, Equality and Inclusion in the workplace. We welcome applications from all sections of the community and encourage people from all backgrounds to apply. We are open to part time working and job sharing. We are committed to providing reasonable adjustments or accommodations for applicants. If you need assistance or support during the recruitment process, please let us know on the application form or by sending an email to .
If you are made an offer of employment you will be required to prove your eligibility to work in the UK before you start work. You must reside in the UK from the start date of this role; unfortunately we are unable to provide visa sponsorship at this time. To ensure you can work from home efficiently you will be asked to provide your internet speed at the application stage.
By submitting your application, you agree that Premium Credit may collect your personal data for recruiting and related purposes. To view our Privacy Notice please go to: All postholders will be subject to appropriate pre employment vetting procedures and a satisfactory Disclosure & Barring Service (DBS) check prior to appointment.
So, if the role appeals to you and you are looking to join an industry leading organisation, please apply. Please note we reserve the right to close this vacancy early if we identify a number of suitable candidates. All applicants will be advised if the vacancy closes early. We are not engaging agency support for this role and respectfully ask that agencies do not submit unsolicited candidate details to Premium Credit Ltd.
Senior Underwriter employer: Premium Credit Limited
Contact Detail:
Premium Credit Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about letting people know you’re on the hunt for a Senior Underwriter role. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand what makes Premium Credit tick and think about how your skills as an underwriter can contribute to their success. Tailor your responses to show you’re not just a fit for the role, but for the team too!
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it aligns with the responsibilities of the Senior Underwriter position. Use specific examples that highlight your leadership skills and ability to analyse financial reports – this will set you apart from the crowd.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining our team at Premium Credit. Let’s get you that dream job!
We think you need these skills to ace Senior Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your relevant experience in credit underwriting and team leadership, as these are key aspects of the job. We want to see how your skills align with what we do at Premium Credit!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our success. Be sure to mention any specific achievements that demonstrate your underwriting expertise.
Showcase Your Analytical Skills: Since the role involves detailed analysis of customer accounts, make sure to highlight your analytical skills in both your CV and cover letter. We love seeing examples of how you've assessed risk and made informed lending decisions in the past.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Premium Credit Limited
✨Know Your Numbers
As a Senior Underwriter, you'll need to demonstrate your ability to analyse financial reports. Brush up on reading balance sheets and cash flow statements. Be ready to discuss how you've assessed risk in previous roles and provide specific examples.
✨Showcase Leadership Skills
Since this role involves managing a team of underwriters, highlight your leadership experience. Prepare to share instances where you've coached or developed team members, and how you handle performance management. This will show that you're not just a numbers person but also a people leader.
✨Understand the Company Culture
Premium Credit values diversity and inclusion, so do your homework on their culture. Familiarise yourself with their commitment to employee development and well-being. During the interview, express how your values align with theirs and how you can contribute to a positive workplace.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your decision-making skills. Think about past experiences where you had to make tough underwriting decisions. Be ready to explain your thought process and how you ensured compliance with regulations while still meeting business needs.
