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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 innovative lending solutions and sustainable value.
- Benefits: Enjoy flexible working, generous holiday, wellness apps, and a supportive work environment.
- Why this job: Be part of a dynamic culture that values diversity, innovation, and personal growth.
- Qualifications: Strong experience in commercial property and credit risk management is essential.
- Other info: We celebrate contributions with bonuses and recognition schemes.
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 specializes 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 analyze 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, PowerPoint).
- 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 organization, 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 also 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 personalized support through fertility treatment, becoming a parent, or menopause.
- EAP (Employee Assistance Programme) – Offering 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 to strike the right balance between your work and personal life. We provide benefits to support you when at work and during leisure:
- 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 recognizing 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 latest trends and challenges in the commercial property market. Understanding current lending practices and market dynamics will help you engage effectively with stakeholders and demonstrate your expertise during discussions.
✨Tip Number 2
Network with professionals in the underwriting and credit risk sectors. Attend industry events or join relevant online forums to connect with others in the field. This can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Brush up on your analytical skills, particularly in relation to credit risk assessment. Being able to quickly analyse complex transactions and present your findings clearly will set you apart as a candidate who can deliver favourable customer outcomes.
✨Tip Number 4
Prepare to discuss your experience with mentoring and advising less experienced colleagues. Highlighting your ability to support team members will show that you can contribute positively to the team dynamic at StudySmarter.
We think you need these skills to ace Underwriter - Specialist Underwriting
Some tips for your application 🫡
Understand the Role: Before you start writing your application, make sure you fully understand the responsibilities and requirements of the Underwriter position. Pay special attention to the need for experience in complex transactions and credit risk management.
Tailor Your CV: Customise your CV to highlight relevant experience in commercial and residential investment property, as well as your understanding of lending practices. Use specific examples that demonstrate your skills in credit analysis and customer service.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also reflects your enthusiasm for the role and the company. Mention how your values align with Shawbrook's purpose-led approach and innovative culture.
Showcase Your Skills: In your application, emphasise your strong financial acumen, strategic thinking, and ability to communicate effectively with stakeholders. Provide examples of how you've successfully managed credit risks and contributed to positive customer outcomes.
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 Group Risk and the Credit Approval Committee.
✨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 these are crucial for the role. Use specific examples from your experience to illustrate your expertise.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to handle complex credit assessments. Prepare scenarios where you've successfully navigated challenges in underwriting or credit risk management, highlighting your analytical and decision-making skills.
✨Emphasise Customer Experience
Since delivering favourable customer outcomes is key, be ready to discuss how you've previously ensured excellent customer service in your roles. Share examples of how you've balanced risk assessment with providing a positive experience for clients.
