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- Tasks: Help entrepreneurs secure funding by reviewing business plans and financial documents.
- Company: Join a dynamic team focused on supporting new businesses through the Start Up Loans scheme.
- Benefits: Enjoy training opportunities, a collaborative environment, and the chance to make a real impact.
- Why this job: Be part of a mission-driven team that empowers aspiring business owners to succeed.
- Qualifications: Strong communication skills and attention to detail; lending experience is a plus but not required.
- Other info: Work with a high volume of clients and develop valuable industry connections.
The predicted salary is between 36000 - 60000 £ per year.
We are seeking an Underwriter to join our Growth Company Business Finance Team (GCBF). In this role, you will engage with entrepreneurs, assisting them in their first steps into self-employment. You will review business plans and financial documents, helping new business owners refine their planning tools to secure funding from the Start Up Loans scheme.
You will collaborate with the Underwriting Team Leader to meet loan delivery KPIs (currently up to £3.8m per annum) while ensuring credit parameters are maintained within the loan portfolio.
Key Responsibilities:
- Build and manage a caseload of loan applicants, ensuring fast advancement to payaway, while maintaining high quality and integrity.
- Carry out holistic reviews of business planning documents to identify discrepancies or potential barriers to market entry for new businesses.
- Meet and communicate with customers to assess loan applications.
- Signpost clients to internal/external partners for further support in developing their business plans.
- Provide balanced loan recommendations to support or decline applications.
- Record referrals on internal systems and develop reciprocity with partners.
- Ensure adherence to Treating Customers Fairly principles and exceed expectations.
- Assess and make lending recommendations for applications up to £100,000 under the Start-Up Loans contract for new and eligible existing businesses.
About You:
- Able to work with a high volume of clients.
- Excellent verbal and written communication skills.
- Keen attention to detail with a practical, common-sense approach.
- Proficient in writing comprehensive reports.
- Capable of collaborating with partners at all organizational levels.
- Experienced in managing a high volume of clients.
Requirements:
- A background in lending is preferred but not required, as training is provided.
- Experience in judgmental lending within a financial institution is desirable.
- Success in business assessment to support loan funding is advantageous.
- Financial acumen with a lending background is preferred.
- Familiarity with IT and CRM systems is beneficial.
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Underwriter employer: The Growth Company
Contact Detail:
The Growth Company Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Familiarise yourself with the Start-Up Loans scheme and its requirements. Understanding the specifics of this funding option will help you engage more effectively with entrepreneurs and demonstrate your knowledge during interviews.
✨Tip Number 2
Network with professionals in the lending and finance sectors. Attend industry events or join relevant online forums to connect with others who can provide insights into the role and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Brush up on your analytical skills, particularly in reviewing business plans and financial documents. Being able to quickly identify discrepancies or potential barriers will set you apart as a candidate who can add immediate value.
✨Tip Number 4
Prepare to discuss your approach to customer service and how you would ensure adherence to Treating Customers Fairly principles. This is crucial for the role, and demonstrating your commitment to client satisfaction will make a strong impression.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in lending, business assessment, and client management. Use specific examples that demonstrate your ability to handle a high volume of clients and your attention to detail.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Underwriter role and how your skills align with the responsibilities outlined in the job description. Mention your communication skills and any experience you have with financial documents or business plans.
Showcase Relevant Skills: Emphasise your verbal and written communication skills, as well as your ability to collaborate with various partners. Provide examples of how you've successfully assessed applications or managed client relationships in the past.
Proofread Your Application: Before submitting your application, carefully proofread your CV and cover letter for any errors. Ensure that your writing is clear and professional, reflecting the high standards expected in the Underwriter role.
How to prepare for a job interview at The Growth Company
✨Understand the Role
Make sure you thoroughly understand the responsibilities of an Underwriter in the Growth Company Business Finance Team. Familiarise yourself with the Start Up Loans scheme and be prepared to discuss how you can assist entrepreneurs in their journey.
✨Showcase Your Communication Skills
Since excellent verbal and written communication skills are crucial for this role, practice articulating your thoughts clearly. Be ready to demonstrate how you would communicate with clients and partners effectively during the interview.
✨Prepare for Case Studies
You may be asked to review a business plan or financial document during the interview. Prepare by practising how to identify discrepancies and potential barriers in sample documents, as this will showcase your attention to detail and analytical skills.
✨Highlight Relevant Experience
Even if you don't have direct lending experience, think about any relevant skills or experiences that could apply. Discuss any previous roles where you managed high volumes of clients or assessed business plans, as this will demonstrate your capability to handle the workload.
