At a Glance
- Tasks: Assess mortgage applications and make lending decisions while managing cases to completion.
- Company: Join a growing specialist lender with a supportive team culture.
- Benefits: Enjoy competitive pension, private medical care, and 25 days annual leave.
- Other info: Build relationships with brokers and work in a fast-paced, rewarding role.
- Why this job: Develop your underwriting skills in a dynamic environment with excellent career progression.
- Qualifications: Experience in manual underwriting and strong credit assessment skills required.
The predicted salary is between 29700 - 36300 £ per year.
Location: Watford
Salary: Confirmed on application
Hours: Monday to Friday 9 am to 5.30 pm
Benefits:
- Competitive pension, life assurance, private medical, dental, and eye care
- 25 days annual leave plus bank/public holidays and annual leave purchase option
- PerkBox rewards, refreshments, and social/team events
- Excellent development and career progression opportunities
About the position:
Our client is a growing specialist lender looking for an experienced Mortgage Underwriter to join their team. They are open to considering candidates with either second charge or residential mortgage underwriting experience, making this an excellent opportunity for an underwriter looking to develop their specialist lending experience. You will be responsible for assessing mortgage applications, making lending decisions within the company's risk appetite and managing cases through to completion, while building strong relationships with broker partners and other key stakeholders.
Responsibilities:
- Underwrite applications in line with company policy, underwriting criteria and risk appetite
- Assess borrower circumstances, affordability, supporting documentation and overall credit risk to make sound lending decisions
- Manage a pipeline of cases from application through to completion
- Provide clear, concise and accurate updates to brokers throughout the underwriting process
- Proactively liaise with brokers to obtain outstanding information and documentation
- Ensure all case information and underwriting decisions are accurately recorded on the relevant systems
- Build and maintain strong relationships with mortgage brokers, solicitors and third-party suppliers
- Work closely with internal teams to ensure cases progress efficiently and within agreed timescales
- Ensure all underwriting decisions comply with FCA regulation, company policy, responsible lending and risk requirements
- Maintain high levels of service while managing a busy caseload and working to deadlines
Experience and skills required:
- Proven manual underwriting experience within a mortgage lender, with experience holding an underwriting mandate/delegated authority
- Experience underwriting second charge and/or residential mortgage applications, with strong credit assessment and lending judgement
- Good understanding of FCA regulation, responsible lending and risk requirements, with strong attention to detail and the ability to make sound lending decisions
For more information regarding the role, 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.
2nd Charge Underwriter in Watford employer: Stellar Select
Stellar Select is an excellent employer, offering a supportive work culture that prioritises employee well-being and professional growth. With a hybrid work arrangement in the picturesque setting of Oxfordshire, employees benefit from a comprehensive healthcare cash plan, generous holiday allowance, and continuous development opportunities, making it a rewarding place to build a career in mortgage arrears management.
StudySmarter Expert Advice🤫
We think this is how you could land 2nd Charge Underwriter in Watford
✨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
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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.
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Don’t shy away from reaching out directly to firms like Stellar Select. 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 2nd Charge Underwriter in Watford
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.
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'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
✨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.
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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.
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✨Network with Industry Professionals
Before your interview, reach out to current or former Stellar Select 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.
