Underwriting Manager

Underwriting Manager

Borehamwood Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead a team in managing bridging finance transactions and ensure high-quality lending decisions.
  • Company: Fast-growing specialist bridging lender in the property finance sector.
  • Benefits: Competitive salary, supportive team environment, and opportunities for professional growth.
  • Why this job: Join a dynamic team and make impactful lending decisions in a thriving industry.
  • Qualifications: 5+ years in specialist finance underwriting and team management experience required.
  • Other info: Exciting career progression opportunities in a collaborative workplace.

The predicted salary is between 36000 - 60000 £ per year.

Job Description

Job Title: Bridging Underwriting Manager

Location: Borehamwood

Salary: Competitive and based on experience

Hours: Monday to Friday 9 am to 5.30 pm

About our Client and the role of the Bridging Underwriting Manager:

We are working closely with our client, a specialist bridging lender, to appoint a Bridging Underwriting Manager.

This is a fantastic opportunity to join a fast-growing lender in the property finance space. The successful candidate will play a key leadership role within the underwriting function, responsible for managing a team of underwriters and origination personnel.

You will be instrumental in delivering high-quality lending decisions, overseeing complex bridging finance transactions, and ensuring efficient workflow management. This role requires someone with strong interpersonal skills to maintain excellent working relationships with brokers, solicitors, valuers, and internal stakeholders.

Responsibilities for the role of the Bridging Underwriting Manager:

  • Manage a team of underwriters and origination staff, overseeing workflows Ensure a consistently high quality of underwriting output across the wider team.
  • Personally underwrite bridging loan applications from start to finish in line with lending policies, managing a live pipeline of approx. 15+ cases.
  • Maintain ongoing contact with brokers, solicitors, and valuers to ensure optimal service levels and efficient case progression.
  • Continually assess and mitigate risk across individual and team pipelines.
  • Prepare and present credit papers to the internal credit committee, articulating the risk and strength of each deal.
  • Collaborate with finance and treasury teams to ensure timely drawdown of funds.
  • Provide regular updates to internal teams and stakeholders regarding case progression.
  • Review and improve internal policies and processes, maintaining efficiency and compliance.
  • Work towards individual and team KPIs and manage workload to meet key deadlines.
  • Maintain regular communication with the Risk Manager to ensure alignment with business goals.

Experience required for the role of the Bridging Underwriting Manager:

  • A minimum of 5 years' experience in specialist finance underwriting, ideally within bridging finance.
  • Experience managing underwriting or origination teams.
  • Hold a personal lending mandate of £500,000 or more.
  • Strong technical underwriting knowledge and risk assessment capability.
  • CeMap qualification preferred.
  • Excellent written and verbal communication skills.
  • Ability to build and maintain relationships with a variety of stakeholders, including brokers, legal partners, and internal departments.

For more information regarding the role of the Bridging Underwriting Manager, please contact us

Stellar Select is acting as an employment agency and is a corporate member of the REC.

Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days.

Underwriting Manager employer: Stellar Select Limited

Join a dynamic and rapidly expanding specialist bridging lender in Borehamwood, where you will be at the forefront of the property finance sector as a Bridging Underwriting Manager. Our company fosters a collaborative work culture that prioritises employee growth, offering competitive salaries and opportunities for professional development while ensuring a supportive environment for managing complex transactions and building strong relationships with key stakeholders.
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Contact Detail:

Stellar Select Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriting Manager

✨Tip Number 1

Network like a pro! Reach out to your connections in the property finance space and let them know you're on the hunt for an Underwriting Manager role. You never know who might have the inside scoop on a job opening or can put in a good word for you.

✨Tip Number 2

Prepare for interviews by brushing up on your technical underwriting knowledge and risk assessment skills. Be ready to discuss your experience managing teams and how you've delivered high-quality lending decisions in the past. Confidence is key!

✨Tip Number 3

Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings that suit your expertise in bridging finance. Tailor your approach to each company to show them why you’re the perfect fit.

✨Tip Number 4

Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Use this opportunity to reiterate your enthusiasm for the role and highlight any key points from your conversation that showcase your fit for the team.

We think you need these skills to ace Underwriting Manager

Team Management
Underwriting Expertise
Risk Assessment
Communication Skills
Stakeholder Relationship Management
Workflow Management
Credit Analysis
Policy Review and Improvement
KPI Management
Bridging Finance Knowledge
Technical Underwriting Knowledge
CeMap Qualification
Problem-Solving Skills
Attention to Detail

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Bridging Underwriting Manager role. Highlight your experience in specialist finance underwriting and any leadership roles you've held. We want to see how your skills match what we're looking for!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your interpersonal skills and how you’ve successfully managed teams in the past. We love a good story!

Showcase Your Technical Skills: Don’t forget to highlight your technical underwriting knowledge and risk assessment capabilities. We’re looking for someone who can hit the ground running, so make sure we see that expertise front and centre in your application.

Apply Through Our Website: We encourage you to apply through our website for the best chance of success. It helps us keep track of applications and ensures you don’t miss out on any important updates. Let’s get your application rolling!

How to prepare for a job interview at Stellar Select Limited

✨Know Your Stuff

Make sure you brush up on your bridging finance knowledge. Understand the key principles of underwriting and be ready to discuss specific cases you've worked on. This will show that you're not just familiar with the theory but have practical experience too.

✨Showcase Your Leadership Skills

As a Bridging Underwriting Manager, you'll need to manage a team effectively. Prepare examples of how you've led teams in the past, focusing on how you motivated them and improved workflows. Highlight any KPIs you've met or exceeded.

✨Build Rapport with Stakeholders

Since this role involves maintaining relationships with brokers, solicitors, and valuers, think of ways to demonstrate your interpersonal skills. Share stories about how you've successfully navigated complex situations or built strong partnerships in previous roles.

✨Prepare for Risk Assessment Questions

Expect questions around risk assessment and decision-making. Be ready to articulate your thought process when evaluating loan applications. Use specific examples to illustrate how you've mitigated risks in past transactions.

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