At a Glance
- Tasks: Manage and control credit exposure while collaborating with sales teams and internal stakeholders.
- Company: Join Softcat, a rapidly growing IT solutions provider with a supportive culture.
- Benefits: Enjoy hybrid working, flexible hours, and a focus on work-life balance.
- Other info: Be part of an equal-opportunity employer that values diversity and inclusion.
- Why this job: Make impactful decisions in credit risk and develop your financial expertise.
- Qualifications: 3+ years in underwriting, strong communication, and decision-making skills required.
The predicted salary is between 40000 - 50000 £ per year.
Credit Risk Team – Underwriter supporting Softcat's rapidly growing IT solutions business by managing, underwriting, and controlling credit exposure and maintaining credit risk controls.
Job Responsibilities
- Action credit limits within the worklist by evaluating the customer's creditworthiness based on publicly available information and/or data obtained directly from the customer up to approved DOA.
- Reviewing recommendations provided by Credit Underwriter 1, within Delegation of Authority and providing guidance where necessary.
- Write up commercial papers with a clear recommendation to go to the Senior Credit Underwriter and above (depending on DOA).
- Apply for insurance where credit limit is £300k plus.
- Liaise with key internal stakeholders, including Head of Credit, Commercial Risk and Group Financial Controller and the Senior Leadership Team.
- Proactively collaborating with sales teams and business operation departments within Softcat.
- Providing support to colleagues and account managers with queries.
- Providing support on order related tasks, including First Order Checks and 20k new address checks.
- Complete ad-hoc tasks as required within DOA level.
- Bank verifications of new creditors.
- Completing company reg, VAT and name change tasks in NetSuite.
- Requirement to offer support at month and quarter end.
Qualifications
- Excellent organisational skills and attention to detail.
- Ability to multitask and make decisions under pressure.
- Effective communication skills, with the ability to develop and maintain relationships with different personalities across the business.
- Minimum of 3 years' experience in a similar underwriting role.
- Strength of character to stand by decisions and explain to those less familiar with credit risk.
- Ability to take calculated risks with favourable outcomes.
- Demonstrate the ability to think around a subject, considering risk implications of our current policies and procedures.
- Strong financial literacy and ability to interpret financial information from a credit‑worthiness perspective.
- Basic knowledge of key industry and political risks.
Benefits
- Hybrid working – 3 days in the office and 2 days working from home.
- Working flexible hours – flexing the times you start and finish during the day.
- Flexibility around school pick up and drop offs.
Softcat is an equal‑opportunity employer. All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, national origin, disability, or any other characteristic protected by law.
Credit Underwriter in Milton Keynes employer: Softcat plc
Softcat is an exceptional employer that fosters a collaborative and inclusive work culture, offering hybrid working arrangements and flexible hours to support work-life balance. With a strong focus on employee growth, team members are encouraged to develop their skills in a dynamic environment while contributing to the success of a rapidly growing IT solutions business. The opportunity to engage with key stakeholders and make impactful decisions makes this role not only rewarding but also integral to the company's mission.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Underwriter in Milton Keynes
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Softcat plc. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Credit Underwriter in Milton Keynes
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Softcat plc.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Softcat plc's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Softcat plc
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Softcat plc.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Softcat plc will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Softcat plc employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
