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- Tasks: Lead and motivate a team of Bridging Underwriters while ensuring credit quality.
- Company: Join a rapidly growing finance company in Greater London with exciting opportunities.
- Benefits: Enjoy hybrid working, private medical insurance, 26 days holiday, and career development support.
- Why this job: Be part of a dynamic team that values innovation and offers a chance to make impactful lending decisions.
- Qualifications: 5+ years in Bridging Underwriting and experience managing a team are essential.
- Other info: This role requires an EU work permit and offers excellent bonuses.
The predicted salary is between 48000 - 64000 £ per year.
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Underwriting Manager (Bridging Finance), Greater London
Client:
Location: Greater London, United Kingdom
Job Category: Finance
EU work permit required: Yes
Job Reference: 84d63e269e87
Job Views: 6
Posted: 03.03.2025
Expiry Date: 17.04.2025
Job Description:
Up to £80,000 plus excellent bonus and benefits
Hybrid working available!
Due to exciting growth and expansion, a fantastic opportunity has arisen for an experienced Underwriting Manager to join their team, responsible for supporting, managing and motivating a team of Bridging Underwriters. You will be responsible for maintaining credit quality, managing the Underwriters to ensure the maintenance of credit standards. For this position, you will have had experience with an individual mandate level, and managing a team of underwriters working within bridging and development finance.
Duties of the Underwriting Manager (Bridging Finance) include:
- Make lending decisions in accordance with Credit Risk Policy, Bridging Lending Procedures, and individual mandate levels.
- Collaborate with Heads of Unregulated/Regulated Underwriting and Quality Assurance to provide training for the Underwriting Team.
- Partner with the Sales Team to offer guidance on deal structure and provide underwriting assistance.
- Review and authorize Credit Paper submissions, Offer Letters, and files for completion.
- Monitor the Work in Progress (WIP) of Underwriters to ensure fair case distribution within the team.
- Ensure timely advancement of applications within the specified SLAs as outlined in the Business Standards document.
- Manage team members through activities such as monthly one-on-one meetings, performance monitoring, and objective assessments.
- Adhere strictly to internal policies and regulatory mandates, including FCA, PRA, AML, Prevention of Financial Crime, and Data Protection.
- Identify improvement opportunities and proactively suggest enhancements.
- Undertake project work and handle ad-hoc tasks as directed by management.
Requirements for the successful Underwriting Manager (Bridging Finance):
- 5+ years experience working within Bridging Underwriting
- Excellent understanding of the regulatory environment
- Previous experience managing a team of underwriters is essential
- Must have experience holding a lending mandate
- Excellent communication and interpersonal skills, building relationships with stakeholders, intermediaries, and professionals
What’s in it for you:
- Private Medical Insurance
- 26 days holiday
- Hybrid Working offering you the ability to balance your work and home life
- Excellent career development opportunities and sponsorship of relevant qualifications
- And MUCH MORE
This vacancy is being advertised by Montpellier Resourcing Associates Limited. The services advertised by Montpellier Resourcing Associates Limited are those of an Employment Agency.
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Underwriting Manager (Bridging Finance) employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Manager (Bridging Finance)
✨Tip Number 1
Familiarize yourself with the specific lending policies and credit risk frameworks relevant to bridging finance. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role.
✨Tip Number 2
Network with professionals in the bridging finance sector, especially those who are currently working as Underwriting Managers or similar roles. Engaging with them can provide insights into the company culture and expectations.
✨Tip Number 3
Prepare to discuss your experience managing teams and how you've successfully maintained credit quality in previous roles. Be ready to share specific examples that highlight your leadership skills and decision-making abilities.
✨Tip Number 4
Stay updated on the latest regulatory changes affecting bridging finance. Showing that you are proactive about compliance and risk management will set you apart from other candidates.
We think you need these skills to ace Underwriting Manager (Bridging Finance)
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Underwriting Manager position. Highlight key responsibilities and requirements that align with your experience, especially in bridging underwriting and team management.
Tailor Your CV: Customize your CV to reflect your relevant experience in bridging finance and underwriting. Emphasize your leadership skills and any specific achievements that demonstrate your ability to manage a team effectively.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your understanding of the regulatory environment and how your experience aligns with the company's needs, particularly in maintaining credit quality.
Highlight Communication Skills: In both your CV and cover letter, emphasize your excellent communication and interpersonal skills. Provide examples of how you've built relationships with stakeholders and guided teams in previous roles.
How to prepare for a job interview at TN United Kingdom
✨Showcase Your Experience
Make sure to highlight your 5+ years of experience in Bridging Underwriting. Be prepared to discuss specific examples of how you've managed teams and made lending decisions in accordance with credit policies.
✨Understand Regulatory Requirements
Demonstrate your knowledge of the regulatory environment, including FCA, PRA, and AML regulations. Prepare to discuss how you have adhered to these standards in your previous roles.
✨Emphasize Team Management Skills
Talk about your experience in managing underwriters, including how you conduct one-on-one meetings and performance assessments. Share examples of how you've motivated your team and ensured fair case distribution.
✨Prepare for Collaboration Questions
Since the role involves partnering with sales and quality assurance teams, be ready to discuss how you've collaborated with other departments in the past. Highlight any successful projects or improvements that resulted from these partnerships.
