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- Tasks: Join our Underwriting Team to handle complex transactions and deliver exceptional customer outcomes.
- Company: Shawbrook is a purpose-led bank focused on sustainable value and innovative lending solutions.
- Benefits: Enjoy flexible working, generous holiday, wellness apps, and a contributory pension scheme.
- Why this job: Be part of a dynamic culture that values innovation, diversity, and social responsibility.
- Qualifications: Strong experience in commercial property and credit risk management is essential.
- Other info: Opportunity for professional growth in a supportive and engaging environment.
The predicted salary is between 43200 - 72000 £ per year.
- To work as a member of the Underwriting Teams in order to deliver the origination levels required by the Division
- The role specialises in larger, complex transactions (£1.25m+) and requires extensive interaction with key stakeholders including Group Risk, Head of Underwriting, National Sales Manager and members of both Complex Deal Forum and Credit Approval Committee
- Responsibilities include the writing of detailed credit papers for submission to Group.
- To deliver favorable customer outcomes in terms of credit assessment and customer experience
- To analyse and understand credit risks being presented and ensure both Asset Class Policies and Lending Policies are understood and respected across First and Second Lines of Defense
- To embed both the Bank and Division’s Risk Management Framework within all activities within the underwriting teams
- The role holder will be required to exercise a delegated lending authority initially of up to £1.25m and participate in ad hoc projects as required
- Accountability for all individually assigned cases and mentoring/advising less experienced underwriter colleagues in reviewing and assessing their respective pipelines
- To act as a subject matter expert for Credit Risk within the Underwriting and Completions teams, engaging with all stakeholders to support the achievement of applicable objectives.
- To communicate and escalate potential issues/risks in a prompt and effective manner.
- To report all issues of regulatory concern to the Senior Manager and/or Head of Underwriting, and/or the, Director, Real Estate Underwriting and Completions, or the Bank Legal and Compliance Departments.
- Ensure complete data integrity and adherence to process.
The Person
- Strong experience in Commercial and residential investment Property.
- Deep and broad business and financial acumen
- Significant industry knowledge in the Commercial Property market including a deep understanding of lending practices in that sector, structures, risks, covenant requirements, pricing and competition.
- Demonstrable ability to under commercial analysis of a business both in terms of financial and non-financial aspects.
- Excellent customer service, presentation and negotiation skills
- Experience in executive level reporting on strategic initiatives.
- Thorough comprehension of credit risk management, credit administration, loan production and servicing.
- Proven credit-underwriting skills within either banking or finance industry
- Compliance with all regulatory requirements, remaining in good standing with regulatory agencies.
- Strong commercial, financial acumen and capability in strategic thinking, executive level reporting and effective business planning
- Strong customer/intermediary and market insight
- Knowledge of Consumer Credit Act and Data Protection Act
- Computer literate (good knowledge of MS Office Suite – Excel, Word, Power-Point)
- Knowledge of TCF
The Opportunity
Shawbrook provides finance to a wide range of customer segments that value the premium experience, flexibility and certainly we deliver. We are a purpose-led organisation, with a focus on delivering long-term sustainable value for all our stakeholders.
We have a diversified offering, with our innovative lending propositions tailored to meet specific customer needs in carefully selected markets across SME, Real Estate and Personal. Our products range from complex structured credit facilities for growth-focused businesses to mortgages for professional landlords and property investors, as well as simple loans for consumers delivered digitally. We fuel our lending through customer deposits, which we attract by delivering a premium experience, choice and consistently great value to smart savers.
The business model we have created is unique and difficult to replicate, with our ‘best of both’ approach combining deep human expertise with advanced digital, tech and data capabilities. This combination not only allows us to deliver excellent customer experiences, but to do so efficiently and at scale. We are proud of our innovative and agile culture, which drives consistently high employee engagement scores and makes Shawbrook an attractive destination for the best talent. If you’re willing to roll up your sleeves, contribute new ideas and believe anything is possible, you’re our kind of person.
Work with us because you:
- Want to be part of a bank built for the dynamics of the modern world
- Relish a challenge and enjoy a fast-paced, innovative and hardworking culture
- Enjoy finding new and better ways to solve complexity and make things happen
- Want to belong to a diverse culture that stands shoulder to shoulder with minority and underrepresented groups
- Care about society and the environment and want to be part of a business that cares too
- Want to continue to grow professionally and be the best version of yourself
Reward
Your Wellbeing – We take your health and well-being very seriously by providing a range of benefits to give you and your family peace of mind. These include:
- Market leading family friendly policies such as access to our Maternity, Adoption and Paternity policies from Day 1 of your employment
- Free access to Headspace, a mindfulness & meditation digital health app
- Free access to Peppy digital health app that offers personalised support through fertility treatment becoming a parent or menopause
- EAP (Employee Assistance Programme) – Offering you support on a wide range of subjects including financial concerns, mental wellbeing and more general queries around family, work, housing, and health
- Cycle to work scheme
- Discounts on gym membership
- Contributory pension scheme & death in service
Your Lifestyle – It’s important you strike the right balance between your work and personal life. We provide benefits to support you when at work and when you’re enjoying your leisure time.
- Minimum of 27 days holiday per year
- Option to buy or sell holiday days through our flexi-holiday scheme
- Discounts on gym membership nationwide
- Access to discounts on a range of high street and online brands
- Community support and charitable giving
Your Contribution – We’re focused on rewarding those that go the extra mile in helping us achieve our goals.
- Participation in our annual discretionary bonus scheme designed to reward your contribution to our success
- Proudly Shawbrook recognition scheme focused on recognising our role models and thanking our colleagues for a job well done
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Underwriter - Specialist Underwriting employer: Shawbrook Bank
Contact Detail:
Shawbrook Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Specialist Underwriting
✨Tip Number 1
Familiarise yourself with the specific lending practices and credit risk management strategies relevant to the commercial property market. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the complexities of the role.
✨Tip Number 2
Network with professionals in the underwriting and finance sectors, especially those who have experience with larger transactions. Engaging with industry experts can provide valuable insights and potentially lead to referrals or recommendations.
✨Tip Number 3
Prepare to discuss your experience with complex deal structures and how you've successfully navigated challenges in previous roles. Be ready to share specific examples that highlight your analytical skills and customer service excellence.
✨Tip Number 4
Stay updated on current trends and regulatory changes in the banking and finance industry, particularly those affecting credit risk and underwriting. This will show your proactive approach and readiness to adapt to the evolving landscape.
We think you need these skills to ace Underwriter - Specialist Underwriting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly with larger transactions. Emphasise your understanding of credit risk management and any specific achievements in commercial and residential property.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with the responsibilities outlined in the job description, such as your ability to analyse credit risks and deliver favourable customer outcomes.
Showcase Relevant Skills: Highlight your strong commercial and financial acumen, as well as your experience in executive-level reporting. Be sure to mention your knowledge of regulatory requirements and lending practices, as these are crucial for the role.
Proofread and Edit: Before submitting your application, carefully proofread your documents for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential in underwriting.
How to prepare for a job interview at Shawbrook Bank
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of the responsibilities and expectations of the Underwriter position. Familiarise yourself with complex transactions and the key stakeholders you'll be interacting with, such as the Group Risk and Head of Underwriting.
✨Showcase Your Industry Knowledge
Demonstrate your deep understanding of the Commercial Property market during the interview. Be prepared to discuss lending practices, risks, and financial analysis, as this will highlight your expertise and suitability for the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to handle complex underwriting scenarios. Think of examples from your past experience where you've successfully navigated challenges or made critical decisions in credit risk management.
✨Emphasise Customer Experience
Since delivering favourable customer outcomes is crucial, be ready to discuss how you prioritise customer service in your work. Share specific examples of how you've enhanced customer experiences in previous roles, especially in relation to credit assessment.
