Senior Underwriter

Senior Underwriter

City of London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Evaluate and approve credit proposals while managing stakeholder communications.
  • Company: Join Propel Finance, a leading independent finance house supporting SMEs since 1996.
  • Benefits: Enjoy hybrid working, 25 days leave, private medical insurance, and more perks.
  • Why this job: Be part of a collaborative culture where your ideas shape the future of finance.
  • Qualifications: Financial analysis skills and knowledge of credit sanctioning systems required.
  • Other info: Hybrid role with modern offices in Newport and London; flexible work environment.

The predicted salary is between 43200 - 72000 £ per year.

Job Description

Propel Finance was established in 1996 to provide flexible and accessible finance to SMEs across the country. Now, more than 20 years on, Propel has grown to become one of the UK’s largest, independent finance houses. We have continued to deliver leading-edge finance solutions through a unique combination of teamwork and technology.

From this continued success we are now looking to recruit a Senior Underwriter to allow us to continue our exciting growth plans.

Our aim is to take the service we offer to the next level, to push the boundaries of what’s available, and to create great customer experiences consistent with our values. Does that sound like something you’d like to be part of?

As a Senior Underwriter, you will evaluate, analyse, and approve credit proposals, and revisions to underwritten transactions. You will have underwriting authority across all core origination channels including banking partners, accounting partners, vendor partners, brokers, and direct to customer relationships.

Role responsibilities:

  • Conduct detailed Credit Reviews and sanction Asset Finance transactions up to a personal credit underwriting mandate limit. This mandate will include hard and soft assets.
  • Analyse and provide recommendations on transactions being presented to the Transactional Credit Committee
  • Contribute to Watch List / Business Support List compilation and participate in appropriate forums
  • Have responsibility for reviewing and recommending changes to Credit Policy in terms of risk appetite for asset classes & asset types, products, and terms of lending.
  • Have responsibility for reviewing recommendations from Business Support and Collections teams in terms of actions on stressed assets including those in work-out and recoveries
  • Effective Stakeholder management and communication with Sales stakeholders – ensuring SLAs for deal decisions are managed

Key skills required:

  • Financial analysis and credit report writing skills
  • Knowledge of soft and hard assets
  • Ability to understand Credit Sanctioning decision systems
  • Cashflow analysis for larger transactions

So, why would you want to work here?

We have a great working environment and we’re an ambitious business. We achieve so much because of our people. Everyone in the business, no matter their team or role can shape the outcome, share ideas, make suggestions, and have their voice heard. It’s a truly collaborative place to work.

At Propel, we embrace hybrid working and with modern offices in Newport, London and Manchester, plus a field-based sales team, you’ll never be too far away from colleagues.

This is a hybrid role, with 2 days per week in the Newport or London office , giving you the best of both worlds.

Benefits you can expect:

  • 25 days annual leave + bank holidays
  • 2 additional days holiday after 5 years’ service
  • Birthday day off
  • Opt in Private Medical Insurance
  • Subsidised gym membership at £18.75 a month
  • Cycle to Work Scheme
  • Electric Car Scheme
  • Buy Annual Leave Scheme
  • Half day seasonal shopping
  • Auto enrolment pension – 3% employer contribution subject to eligibility
  • Life Assurance 3 x basic salary
  • Employee Assistance Programme available 24/7
  • Company events and reward schemes

We are proud to be a member of Stonewall’s Diversity Champions programme and are committed to improving workplace inclusion.

The Curve Group is Propel’s outsource partner for Recruitment and a "Data Processor". The Curve Group will hold the information you submit but Propel will have access to it. You can find their privacy policy here: https://www.thecurvegroup.co.uk/privacy-policy/

Senior Underwriter employer: Propel Finance

At Propel Finance, we pride ourselves on being an excellent employer, offering a dynamic and collaborative work environment where every team member's voice is valued. With modern offices in Newport and London, we embrace hybrid working, providing flexibility alongside competitive benefits such as 25 days annual leave, private medical insurance, and opportunities for personal growth. Join us to be part of a forward-thinking company that champions diversity and fosters a culture of innovation and teamwork.
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Contact Detail:

Propel Finance Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Underwriter

✨Tip Number 1

Familiarise yourself with Propel Finance's values and mission. Understanding their commitment to customer experience and teamwork will help you align your responses during interviews, showcasing how you can contribute to their goals.

✨Tip Number 2

Brush up on your financial analysis and credit report writing skills. Being able to demonstrate your expertise in these areas during discussions will set you apart as a strong candidate for the Senior Underwriter role.

✨Tip Number 3

Network with current or former employees of Propel Finance. Engaging with them can provide valuable insights into the company culture and expectations, which you can leverage in your conversations with the hiring team.

✨Tip Number 4

Prepare to discuss your experience with stakeholder management and communication. Since this role involves effective collaboration with sales stakeholders, having specific examples ready will demonstrate your capability in this area.

We think you need these skills to ace Senior Underwriter

Financial Analysis
Credit Report Writing
Understanding of Soft and Hard Assets
Credit Sanctioning Decision Systems
Cashflow Analysis
Stakeholder Management
Risk Assessment
Attention to Detail
Analytical Skills
Communication Skills
Problem-Solving Skills
Team Collaboration
Adaptability
Decision-Making Skills

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Underwriter position. Tailor your application to highlight relevant experience in credit analysis and financial reporting.

Craft a Strong CV: Your CV should clearly outline your experience in underwriting, financial analysis, and stakeholder management. Use specific examples to demonstrate your skills and achievements in these areas.

Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for Propel Finance and how your values align with theirs. Highlight your ability to contribute to their growth plans and provide excellent customer experiences.

Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Senior Underwriter role.

How to prepare for a job interview at Propel Finance

✨Understand the Role Thoroughly

Before the interview, make sure you have a solid grasp of what a Senior Underwriter does. Familiarise yourself with credit analysis, asset finance transactions, and the specific responsibilities mentioned in the job description. This will help you answer questions confidently and demonstrate your suitability for the role.

✨Prepare for Technical Questions

Expect to be asked about financial analysis, credit report writing, and cashflow analysis. Brush up on these skills and be ready to discuss your previous experiences with hard and soft assets. Providing specific examples will showcase your expertise and problem-solving abilities.

✨Showcase Your Stakeholder Management Skills

Since effective communication with sales stakeholders is crucial, prepare examples of how you've successfully managed relationships in the past. Highlight your ability to meet SLAs and collaborate with different teams, as this aligns with Propel Finance's values of teamwork and collaboration.

✨Emphasise Your Adaptability

With Propel's hybrid working model, it's important to convey your adaptability and comfort with both remote and office environments. Share experiences where you've thrived in flexible work settings, demonstrating that you can maintain productivity and collaboration regardless of location.

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