At a Glance
- Tasks: Assess mortgage applications and make informed lending decisions for commercial and residential properties.
- Company: Fast-growing financial services provider with a focus on inclusivity and innovation.
- Benefits: Generous holiday, pension contributions, private health insurance, and employee discounts.
- Other info: Hybrid working model with opportunities for career growth and development.
- Why this job: Join a collaborative team and make impactful decisions in the finance sector.
- Qualifications: Experience in underwriting and strong analytical skills required.
The predicted salary is between 40500 - 49500 £ per year.
Job Title
Mortgage Underwriter
Location
North Hertfordshire - Hybrid. 2-3 days per week in the office. It is expected to be based in the office full time during the first 2 weeks.
Salary
On Application
Hours
Monday - Friday 9 am - 5 pm
Benefits
- 15% Contributory Pension (10% Employer, 5% Employee)
- 26 days holiday plus bank holidays, and a day off for your birthday
- Discretionary Bonus Scheme & Annual salary reviews
- Paid sick leave & Digital GP 24/7
- Private Health Insurance, Critical Illness Insurance & Dental Cover
- Income Protection
- Enhanced maternity, paternity and shared parental leave
- Menopause support
- Paid Carers leave
- Charity Day
- Employee Assistance Programme
- Cycle2work Scheme
- Benefits Hub; large selection of?employee discounts, rewards and?perks across?a number?brands,?restaurants, holidays and 'away'?days.??
- About our client and the role of
- Mortgage Underwriter
Our client is a fast-growing financial services provider who put their colleagues and customers at the heart of everything they do.
They are built on strong values with a collaborative culture, with a strong focus on inclusivity, integrity and innovation.
They have an exciting opportunity for an experienced Portfolio BTL and Commercial Underwriter to join their established underwriting team, in either Hertfordshire or Cheshire.
You will assess new lending applications for commercial and residential mortgages for professional landlords, to evaluate quality, credit risk, and compliance with the lending policies and risk appetite.
You will prepare clear and concise lending summaries, approving applications within your delegated authority or making well-reasoned recommendations to the Head of Underwriting, Director of Credit & Underwriting, or the Credit Committee.
Responsibilities for the role
- Mortgage Underwriter
- Conduct thorough research, analysis, and assessment of individual lending applications, identifying key risks and making informed lending decisions or recommendations.
- Identify any exceptions to the Bank's lending policies or guidance, providing clear recommendations and appropriate remedial actions where required.
- Support post-sanction administration activities, ensuring all processes are completed accurately, promptly, and in accordance with the Bank's policies, procedures, and management information (MI) requirements.
- Maintain a high standard of accuracy and accountability for all data entered and records maintained.
- Contribute to strategic projects and continuous improvement initiatives designed to enhance the Bank's performance, governance, and control environment.
- Consistently demonstrate the Bank's values and behaviours, acting as a positive ambassador for the organisation.
- Build and maintain strong working relationships with colleagues across the Business Development Team, providing expert support and fostering effective collaboration.
- Support the day-to-day credit operations of the Bank, ensuring all activities are conducted in compliance with applicable legal and regulatory requirements.
- Contribute to the successful delivery of the annual lending objectives while maintaining strong credit quality and prudent risk management.
- Promote full compliance with Anti-Money Laundering, Treating Customers Fairly, and Customer Conduct and Outcomes standards, delivering an exceptional customer experience reflected in positive customer feedback.
- Champion the strategy, values, and culture of the company, embedding these principles in relationships with customers, suppliers, and stakeholders to support sustainable business growth and performance.
Experience and skills required for the role of
- Mortgage Underwriter
- Must have held a lending mandate/Delegated Authority sanctioning mandate
- Proven experience of underwriting commercial and residential property investment loans to small and medium sized businesses.
- Experience of underwriting commercial owner-occupier (and Op Co / Prop Co) deals and a good understanding of balance sheet lending is preferable.
- Ability to work within tight time constraints.
- Ability to develop and manage relationships at key levels in the business.
- Good team working, organisational and administration skills.
- Driven and ambitious
- #J-18808-Ljbffr
Mortgage Underwriter – North Herts in Enfield employer: Stellar Select Limited
Stellar Select Limited is an excellent employer, offering a dynamic work environment in London where you can make a significant impact in the mortgage servicing sector. With a competitive salary, flexible working arrangements, and a strong focus on employee growth and process improvement, we foster a culture that values innovation and collaboration, ensuring that our team members thrive both personally and professionally.
StudySmarter Expert Advice🤫
We think this is how you could land Mortgage Underwriter – North Herts in Enfield
✨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 Stellar Select Limited. 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 Mortgage Underwriter – North Herts in Enfield
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 Stellar Select Limited.
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 Stellar Select Limited'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 Stellar Select Limited
✨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 Stellar Select Limited.
✨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 Stellar Select Limited 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 Stellar Select Limited 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.
