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For Companies At a Glance
- Tasks: Assess loan applications and make lending decisions while ensuring compliance with regulations.
- Company: Premium Credit is a leading provider of insurance premium finance in the UK and Ireland.
- Benefits: Enjoy a competitive salary, hybrid working, 25 days leave, and private health cover.
- Why this job: Join a growing company that values your development and offers a supportive work culture.
- Qualifications: Experience in credit underwriting, strong numeracy, and attention to detail are essential.
- Other info: We promote diversity and welcome applicants from all backgrounds; part-time options available.
The predicted salary is between 40000 - 60000 £ per year.
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Contact me to find out more about careers at Premium Credit Ltd
Leatherhead, Surrey
Why work for us?
- Competitive salary up to £50,000 per annum
- 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 £4.5 billion to over 2.5 million customers through a network of almost three thousand partners- and growing.
We are a successful business with a Trustpilot rating of 4.5, a Net Promoter Score of +78, a Glassdoor rating of 4.0 and a Silver Sustainability medal.
The Role
This is an exciting time of growth for us, and we’re hiring an 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 Senior Underwriter, you’ll assess loan applications from partners, providing commercially based lending decisions, ensuring that these decisions comply with regulations and PCL processes.
You will also:
– Underwrite cases within your individual mandate, adhering to policies and internal and external service level agreements
– Participate in the underwriting of renewals, requesting additional information as required
– Participate in analysis and preparation of large value cases, 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
Who we are looking for
If you’re an individual who thrives in a fast-paced environment, able to work collaboratively with others and are looking to make a difference, this is a brilliant opportunity to advance your career to the next level with our sector-leading company. At Premium Credit, you will be supported to develop and expand your skills, knowledge and experience.
To be successful as our underwriter, you will already have experience within a similar credit underwriting position.
– You have the ability to cope with large volumes
– You are able to read unaudited balance sheets, cash flow statements and other financial reports
– You’re highly numerate and display high levels of accuracy and attention to detail
– You’re able to clearly and concisely summarise proposal
– It would be ideal if you have experience of instalment credit
We are committed to providing reasonable adjustments or accommodations for applicants, so if you need assistance or support during the recruitment process, please let us know on the application form or by sending an email to recruitment@pcl.co.uk
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.
Premium Credit are an equal opportunities employer with a strong and passionate 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. Equal opportunities are the only acceptable way to conduct business and we believe that the more inclusive our environments are, the better our work will be. We are open to part-time working and job share.
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: https://www.premiumcredit.com/Recruitment-privacy-notice
All postholders will be subject to appropriate pre-employment vetting procedures and a satisfactory Disclosure & Barring Service (DBS) check prior to appointment.
So, if role appeals to you and you’re looking to join an industry-leading organisation, please apply. Excited but not sure you tick every box? Research tells us that women, particularly, feel this way. So, regardless of gender, why not apply? And if you’re in a job share just apply as a pair. We look forward to hearing from you.
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 Limited in relation to this role.
Seniority level
-
Seniority level
Associate
Employment type
-
Employment type
Full-time
Job function
-
Job function
Finance
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Underwriter employer: Premium Credit Ltd
Contact Detail:
Premium Credit Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Familiarise yourself with the specific underwriting processes and regulations relevant to Premium Credit. Understanding their unique approach will help you demonstrate your knowledge during any discussions or interviews.
✨Tip Number 2
Network with current or former employees of Premium Credit on platforms like LinkedIn. Engaging with them can provide valuable insights into the company culture and expectations, which you can leverage in your conversations.
✨Tip Number 3
Prepare to discuss your experience with financial reports and risk assessment in detail. Be ready to share specific examples of how you've successfully managed similar tasks in previous roles, as this will showcase your suitability for the position.
✨Tip Number 4
Stay updated on industry trends and challenges in the insurance premium finance sector. Being knowledgeable about current events will allow you to engage in meaningful discussions and show your passion for the field during the interview process.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit underwriting. Focus on your ability to assess loan applications, analyse financial reports, and summarise proposals clearly.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Underwriter role at Premium Credit Ltd. Mention specific skills that align with their requirements, such as your attention to detail and ability to work under pressure.
Showcase Relevant Experience: When detailing your work history, emphasise any previous roles where you handled large volumes of applications or worked collaboratively with sales teams. This will demonstrate your fit for the fast-paced environment they describe.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which are crucial for an Underwriter.
How to prepare for a job interview at Premium Credit Ltd
✨Know Your Numbers
As an Underwriter, you'll be dealing with financial reports and credit assessments. Brush up on your ability to read balance sheets and cash flow statements. Be prepared to discuss how you would assess risk based on these documents.
✨Understand the Company’s Values
Premium Credit values diversity, equality, and inclusion. Familiarise yourself with their mission and values, and think about how your personal values align with theirs. This will show that you're not just a fit for the role, but also for the company culture.
✨Prepare for Scenario Questions
Expect to face scenario-based questions where you might need to demonstrate your decision-making process in underwriting cases. Think of examples from your past experience where you successfully assessed risk or improved processes.
✨Show Your Collaborative Spirit
The role involves working closely with sales teams and partners. Be ready to share examples of how you've successfully collaborated in previous roles. Highlight your communication skills and ability to build relationships.
