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For Companies At a Glance
- Tasks: Assess customer credit risk and make informed lending decisions.
- Company: Join a leading real estate finance company with a focus on innovation.
- Benefits: Competitive salary, full-time role, and opportunities for professional growth.
- Why this job: Make impactful decisions in the finance industry while developing your skills.
- Qualifications: 3 years of underwriting or credit analysis experience preferred.
- Other info: Dynamic work environment located in Slough, with a focus on teamwork.
The predicted salary is between 28000 - 42000 £ per year.
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Purpose Summary
The Underwriting Specialist role is to assess the risk associated with extending customer credit and financing.
Job Title
Underwriting Specialist
Principal Accountabilities
The Underwriting Specialist will assess this risk by manually underwriting dealer proposals in accordance with the company credit/underwriting policy rules and in accordance with service level adherence targets. The Underwriter is responsible for ensuring that the quality of their underwriting decisions is in accordance with company tolerances and credit policy rule sets.
As part of the manual underwriting process, the Underwriter will undertake the appropriate analysis of retail customer\’s financial statements in order to assist in reaching timely and accurate conclusions on the Referral (e.g., “Accept” or “Decline” decision). This information, coupled with an analysis of the customer\’s repayment capacity, will enable the Underwriter to reach the appropriate lending decision.
The Underwriting Specialist will utilise the Genus system to achieve acceptance decision targets. Using a proactive approach to work management and service level adherence, the Underwriter also uses the Genus system to help self-manage their work queues. This will ensure that work queues are reviewed and actioned in accordance with agreed proposal status review targets.
Knowledge, Experience, Qualifications
- 3 years\’ experience in an underwriting or credit analyst position in financial services
- Experience in the automotive or consumer finance industry is advantageous.
- Practical experience with scorecard design and testing
Seniority level
- Mid-Senior level
Employment type
- Temporary
Job function
- Finance and Sales
Industries
- Insurance
Referrals increase your chances of interviewing at The Real Estate Bd dot net by 2x
City Of London, England, United Kingdom £160,000.00-£220,000.00
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Underwriter employer: The Real Estate Bd dot net
Contact Detail:
The Real Estate Bd dot net Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the finance and underwriting sectors. Attend industry events or join online forums. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge. Be ready to discuss your experience with credit analysis and risk assessment. Show them you know your stuff and can make those tough decisions!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you, and tailor your approach to each one!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds as they make their decision.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your experience in underwriting or credit analysis, especially if you've worked in financial services or the automotive industry. 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 passionate about underwriting and how your experience aligns with our company’s values. Keep it concise but impactful – we love a good story!
Showcase Relevant Skills: Don’t forget to showcase any practical experience you have with scorecard design and testing. If you’ve used systems like Genus before, mention that too! We’re keen on candidates who can hit the ground running.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. We can’t wait to see what you bring to the table!
How to prepare for a job interview at The Real Estate Bd dot net
✨Know Your Numbers
As an Underwriter, you'll be dealing with financial statements and credit assessments. Brush up on your financial analysis skills and be ready to discuss how you evaluate risk. Prepare examples of past decisions you've made based on financial data.
✨Familiarise Yourself with Genus
Since the role involves using the Genus system, it’s a good idea to get acquainted with it beforehand. If you can, find resources or tutorials online to understand its functionalities. Being able to speak about how you would use it in your workflow will impress your interviewers.
✨Understand the Company’s Credit Policies
Research The Real Estate Bd dot net's credit policies and underwriting guidelines. Knowing their specific tolerances and rules will show that you're serious about the role and can align your decision-making with their standards.
✨Prepare for Scenario Questions
Expect to face scenario-based questions where you’ll need to demonstrate your thought process in making lending decisions. Practice articulating your reasoning clearly, focusing on how you assess risk and make informed choices under pressure.
