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- Tasks: Underwrite corporate and commercial real estate proposals while managing client relationships.
- Company: Join a dynamic financial institution based in Harrow, focused on innovative lending solutions.
- Benefits: Enjoy competitive pay, potential remote work options, and a supportive team environment.
- Why this job: Be part of a crucial role that impacts business growth and client success in a collaborative culture.
- Qualifications: 3-5 years of experience in underwriting with knowledge of UK lending regulations required.
- Other info: Opportunity to present to senior management and engage with various departments.
The predicted salary is between 43200 - 72000 £ per year.
We are looking for a Corporate & CRE Underwriter for our Harrow office.
MAIN RESPONSIBILITY: Processing and underwriting of Corporate, Commercial Retail Estate proposals & personal loans.
JOB RESPONSIBILITY:
- Underwriting of Corporate & CRE Credit proposals and personal loans and ensuring successful execution of the transactions being pursued along with related client & introducer relationship management.
- Manage the assessment and processing of lending proposals from the business team, and presentation of proposals to Sanctioning Committee.
- Operational responsibility for the annual review process for all existing credit portfolio loans to ensure that all borrowing requirements and covenants are being adhered to.
- Manage the review, assessment, investigation and minimising of credit risks associated with loan applications in accordance with the Banks operating policies and procedures.
- Undertake site visits as required.
- Liaise with the Originations team to agree a clear rationale for agreeing or rejecting applications, prior to processing.
- Monitoring of existing loan portfolio, identifying early arrears or potential problem accounts and making necessary recommendations.
- Ensure the credit decisions are made within regulatory standards and adhere to TCF principles and Customer First standards.
- To provide support to the CCO in all operational areas of the Credit Department.
- Liaising with Solicitors / Valuation Firms for end to end solution for credit proposals.
- Presentation to Risk Committee and other UK management committees for introduction and renewal of new / existing products.
COMPETENCY:
- Knowledge of Microsoft Office products.
- Knowledge of UK regulatory framework, principles and rules.
- Knowledge of UK lending environment.
- 3 - 5 years’ experience in underwriting or assessing credit proposals.
KEY INTERACTIONS/NETWORKS:
- CCO, CBO, ED&DCEO.
- Retail Branch Network.
- Credit Committees.
- Credit Administration.
- Products dept.
REPORTING RELATIONSHIP: Reports to Chief Credit Officer.
Corporate & CRE Underwriter employer: State Bank of India UK
Contact Detail:
State Bank of India UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Corporate & CRE Underwriter
✨Tip Number 1
Familiarise yourself with the UK regulatory framework and lending environment. Understanding the rules and principles that govern underwriting will not only boost your confidence but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Network with professionals in the credit and underwriting field. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare for potential site visits by researching common practices and challenges in the Corporate and CRE sectors. Being knowledgeable about what to expect will help you stand out as a proactive candidate.
✨Tip Number 4
Brush up on your presentation skills, especially when it comes to articulating credit proposals. Being able to clearly present your assessments to committees will be crucial in this role, so practice makes perfect!
We think you need these skills to ace Corporate & CRE Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting and credit assessment. Focus on your 3-5 years of experience in the field, showcasing specific achievements and responsibilities that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that directly addresses the key responsibilities mentioned in the job description. Explain how your skills in managing client relationships and assessing credit risks make you a perfect fit for the role.
Highlight Regulatory Knowledge: Emphasise your understanding of the UK regulatory framework and lending environment. Mention any specific regulations or principles you have worked with to demonstrate your expertise in compliance.
Showcase Communication Skills: Since the role involves liaising with various teams and presenting proposals, highlight your communication skills. Provide examples of how you've effectively communicated complex information to stakeholders in previous roles.
How to prepare for a job interview at State Bank of India UK
✨Know Your Numbers
As a Corporate & CRE Underwriter, you'll need to demonstrate your understanding of financial metrics and credit assessments. Brush up on key performance indicators and be ready to discuss how you evaluate credit proposals based on these figures.
✨Understand Regulatory Standards
Familiarise yourself with the UK regulatory framework and lending environment. Be prepared to explain how you ensure compliance with these standards in your underwriting process, as this will show your commitment to adhering to best practices.
✨Showcase Relationship Management Skills
Since the role involves client and introducer relationship management, think of examples where you've successfully built and maintained professional relationships. Highlight your communication skills and how they contribute to successful transactions.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Prepare to discuss how you would handle specific situations, such as assessing a high-risk loan application or managing early arrears in an existing portfolio.
