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- 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, 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; embrace flexibility!
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
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 specific examples of your past experiences with stakeholder management and credit sanctioning decisions. Being ready to discuss these scenarios will demonstrate your capability to handle the responsibilities outlined in the job description.
We think you need these skills to ace Senior Underwriter
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 successes in credit sanctioning and any relevant qualifications that demonstrate your expertise.
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 achievements. This will not only help you answer questions more effectively but also 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. Consider bringing examples of past transactions you've evaluated to illustrate your expertise.
✨Prepare for Stakeholder Management Questions
Effective communication with stakeholders is crucial in this role. Think about your previous experiences managing relationships with sales teams or other departments. Be ready to share specific examples of how you've successfully navigated stakeholder interactions.
✨Discuss Your Approach to Risk Assessment
Given the responsibilities around credit policy and risk appetite, be prepared to discuss your approach to assessing risk in asset classes. Highlight any relevant frameworks or methodologies you use, and be ready to explain how you would apply them in the context of Propel's operations.
