Senior Underwriter

Senior Underwriter

Cardiff 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 25 days leave, hybrid working, gym membership, and more perks!
  • Why this job: Be part of a collaborative culture where your ideas truly matter and shape outcomes.
  • Qualifications: Strong financial analysis skills and knowledge of credit sanctioning systems required.
  • Other info: Hybrid role with modern offices in Newport and London; flexible work-life balance.

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

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:

Senior Underwriter employer: Propel Finance

At Propel Finance, we pride ourselves on being an ambitious and collaborative employer that values the contributions of every team member. With a modern working environment in Newport and London, we offer a hybrid work model that promotes flexibility and work-life balance, alongside generous benefits such as 25 days annual leave, private medical insurance, and opportunities for personal growth. Join us to be part of a dynamic team that is dedicated to pushing the boundaries of finance solutions while fostering an inclusive workplace culture.
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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 providing flexible finance solutions for SMEs will help you align your responses during interviews, showcasing how your experience and values match theirs.

✨Tip Number 2

Brush up on your financial analysis skills, particularly in relation to credit proposals and asset types. Being able to discuss specific examples of your past underwriting decisions and how they positively impacted the business will set you apart from other candidates.

✨Tip Number 3

Network with current or former employees of Propel Finance on platforms like LinkedIn. Gaining insights into the company culture and expectations can provide you with valuable information to tailor your approach and demonstrate your enthusiasm for the role.

✨Tip Number 4

Prepare to discuss your stakeholder management experience. Since effective communication with sales stakeholders is crucial for this role, be ready to share examples of how you've successfully managed relationships and met service level agreements in previous positions.

We think you need these skills to ace Senior Underwriter

Financial Analysis
Credit Report Writing
Knowledge 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 financial analysis, credit report writing, and stakeholder management.

Craft a Strong CV: Your CV should clearly outline your experience in underwriting, particularly with hard and soft assets. Include specific examples of past achievements that demonstrate your ability to analyse credit proposals and manage risk effectively.

Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for Propel Finance and their mission. Highlight how your skills align with their goals, particularly in delivering exceptional customer experiences and contributing to their growth plans.

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

How to prepare for a job interview at Propel Finance

✨Understand the Company and Its Values

Before your interview, take some time to research Propel Finance. Familiarise yourself with their mission, values, and recent developments in the company. This will help you align your answers with what they stand for and demonstrate your genuine interest in being part of their team.

✨Showcase Your Financial Analysis Skills

As a Senior Underwriter, you'll need strong financial analysis skills. Be prepared to discuss your experience with credit report writing and cashflow analysis. Bring examples of past transactions you've evaluated and how your recommendations positively impacted the business.

✨Prepare for Stakeholder Management Questions

Effective communication with stakeholders is crucial in this role. Think of instances where you've successfully managed relationships with sales teams or other departments. Be ready to share how you ensured SLAs were met and how you navigated any challenges that arose.

✨Discuss Your Approach to Risk Appetite

The role involves reviewing and recommending changes to credit policy based on risk appetite. Prepare to discuss your understanding of risk management in asset classes and how you would approach making recommendations to the Transactional Credit Committee.

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