At a Glance
- Tasks: Lead and manage the underwriting team to ensure excellent customer outcomes and responsible lending solutions.
- Company: Join a growing organisation in Wimborne, Dorset with a focus on teamwork and development.
- Benefits: Enjoy a competitive salary, performance bonuses, pension scheme, and career progression opportunities.
- Other info: Dynamic work environment with comprehensive training and ongoing professional development.
- Why this job: Make a real impact by guiding a talented team and driving strategic lending initiatives.
- Qualifications: Experience in team management and manual underwriting, with strong analytical and communication skills.
The predicted salary is between 50000 - 60000 £ per year.
Salary: DOE Location: Wimborne, Dorset / Hybrid Full Time - 35 hours per week (Monday - Friday, 9:00am-5:00pm)
About the role
We're looking for an experienced and people-focused Underwriting Manager to lead our underwriting function, ensuring excellent customer outcomes, robust risk management, and the delivery of responsible lending solutions.
This is an exciting opportunity for a proven underwriting professional who combines strong technical expertise, with experience in manual underwriting, with outstanding leadership skills.
You'll play a pivotal role in managing a talented manual underwriting team, supporting strategic lending initiatives, and helping drive the continued growth and success of the Society.
As a Certified Role under SM&CR, the postholder is accountable for maintaining their own fitness and propriety and upholding the FCA Conduct Rules.
Responsibilities
- Leading and managing the Underwriting/Underwriting Support Team’s to deliver effective underwriting and customer outcomes with a solution based underwriting approach to support the Society’s growth plans
- Provide technical underwriting guidance to team members
- Ensure decisions within the department remain compliant with Lending Policy, credit risk appetite, and regulatory expectations in accordance with relevant MCOB rules
- Ensure discretion afforded to underwriters is correctly utilized to provide responsible lending solutions within credit risk appetite
- Ensure underwriting of cases, post completion contract variations and review of case referrals are completed within SLA’s
- Ensuring the team are kept informed to changes to Lending Policy and wider processes which impact them
- Maintain relevant processes and procedures
- Effective team management, including creation and roll-out of annual PDRs, monthly, quarterly and annual 1-2-1s, quality control feedback, training and development, mandate recommendations, application decline review and confirmation, and Incident Reporting (Lets Fix It) action setting
- Completion of the teams quarterly T&Cs
- Maintain a mandated position
- Underwrite mortgage applications regardless of amount focusing on the assessment of out of policy and more complex mortgage loans across a mix of residential lending types
- Wider Responsibilities
- Investigating and responding, where required, with requests relating to both internal and external audits to ensure their effective completion
- Provide technical/regulatory support to BDM’s, Broker Support, Intermediaries, Internal Mortgage Advisors, Underwriters, Mortgage Servicing and the wider business
- Liaise with external partners and manage those relationships (such as LGSS, MIG, L&G, RSM UK, etc.).
- Proactively consider and where appropriate implement process and other improvements that optimise the effectiveness and efficiency of the Underwriting team
- Complete other tasks as required by the Chief Lending & Lending Officer
- Ensuring the delivery of an effective underwriting team utilising the skills of new and experienced manual underwriters
- Ensure applications are underwritten competently and within risk appetite
- Ensure submitted applications are processed to an acceptable level and within SLA’s Ensure servicing sales referrals are completed to an acceptable level and with acceptable timeframes
- Ensuring the work completed within the department meets regulatory and internal compliance requirements
- Look to identify and deliver operational efficiency whilst maintaining acceptable levels of control/oversight
- Keeping up to date with, and maintaining a knowledge of, credit risk and regulatory rules/guidance connected with the assessment of mortgage applications
- Keeping all policy and supporting literature up to date
About you
- Experience of managing teams and developing staff working on own initiative
- Experience of manually underwriting both standard and (Specialist (Complex) areas of lending where discretion has been afforded
- Understanding of credit risk
- Understanding of individual and company accounts for the purpose of understanding the sustainability of current or potential income
- Understanding of Property Risk
- Analytical, thorough and able to interpret and communicate personal financial information in a practical way
- Clear communicator with a history of liaising with Intermediaries/BDM’s, Credit Committee and the wider business
- Ability to train and support colleagues with Specialist application assessments, documenting and tracking progress and ongoing development
- Completion of case review/T&C of underwriters
- Maintaining Policies and procedures
- Working knowledge of MCOB and other regulation
What we offer
- Competitive salary and annual performance bonus
- Comprehensive training and ongoing professional development
- Pension scheme and life assurance
- Opportunities for career progression within a growing organisation
- #J-18808-Ljbffr
Underwriting Manager employer: Teachers BS
Join a forward-thinking organisation in Wimborne, Dorset, where as an Underwriting Manager, you'll lead a dedicated team to deliver exceptional customer outcomes and drive responsible lending solutions. We pride ourselves on our supportive work culture that fosters professional growth through comprehensive training and career progression opportunities, all while offering a competitive salary and annual performance bonus. Experience the unique advantage of working in a hybrid environment that promotes work-life balance and collaboration.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Manager
✨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.
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We think you need these skills to ace Underwriting Manager
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 Teachers BS.
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Research and Reflect:Before hitting that 'apply' button on Teachers BS'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 Teachers BS
✨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 Teachers BS.
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Before your interview, reach out to current or former Teachers BS 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.
