At a Glance
- Tasks: Analyse complex financial situations to support high net worth clients with their mortgage applications.
- Company: Join Together, a leading mortgage provider with over 50 years of experience.
- Benefits: Enjoy 26 days holiday, health plans, gym access, and a bonus scheme.
- Other info: Diverse and inclusive workplace committed to supporting all employees.
- Why this job: Make a real difference in clients' lives while developing your financial expertise.
- Qualifications: Experience in high net worth underwriting and strong analytical skills required.
The predicted salary is between 36000 - 60000 £ per year.
Benefits of working at Together:
- 26 days holiday, and a day off for your birthday (increasing with service to 30 days), plus bank holidays
- Free access to company holiday homes
- Buy & sell holidays
- Discretionary annual bonus plus an additional Shared Reward Bonus
- Matched pension contribution
- Health cash plan plus Private medical insurance
- Life assurance and Critical illness cover
- Travel season ticket loans and Ride to work scheme
- Free local gym access
- Local bar / restaurant discounts
Company Description:
We’re Together. For over 50 years, we’ve helped thousands of people, businesses and professionals unlock their property ambitions with our common-sense approach to mortgages and secured loans. We take the time to understand our customers and our door is always open, so we can often help when other lenders can’t or won’t. Based in Cheadle, Cheshire, our 750 colleagues help our customers throughout the UK, backed by the power of a £7 billion loan book.
As a High Net Worth Underwriter, we are looking for someone who is capable of unpicking complex financial webs to prove a customer can afford their debt. Allowing you to accurately underwrite, mandate and complete mortgage and secured loan applications for High Net Worth individuals as part of our Premier Service. Focusing on service delivery by following group lending criteria, policies and procedures, you will proactively manage customer and broker relationships whilst delivering a seamless level of service to increase future business.
As a High Net Worth Underwriter, we are looking for someone to:
- Interpret full statutory accounts (Ltd/LLP), specifically tracking how money moves between entities via dividends, director loans, and management charges
- Reconstruct net income from diverse streams (trading profits, vesting, and carried interest) and assessing its long-term sustainability through multi-year trend analysis and stress testing
- Have working knowledge of UK personal and corporate tax (S455, SA302s, and dividend vs. salary) to understand how tax planning impacts actual cash flow
- Be familiar with trusts, holding companies, and offshore vehicles is essential to identify who truly controls the wealth and the feasibility of repatriating funds
- Navigate FCA MCOB rules regarding HNW exemptions and modified affordability
- Be able to accurately triage clients against HNW definitions (£300k+ income / £3m+ net assets) and distinguish between income-based underwriting and Asset-Based Lending (ABL)
- Understand how various assets (from private equity to fine art) generate liquidity or future "exit events
- Be able to justify policy exceptions and identify "early warning signals" within a client’s portfolio, such as concentration risk or high leverage
Qualifications:
Essential:
- Exposure to HNW/Private Banking underwriting or specialist lending with modified affordability
- Familiarity with KYC/AML/PEP nuances for HNW (complex ownership, source of wealth/source of funds checks)
- Demonstrable track record assessing dividend/loan account income and reading statutory accounts
- Commercial pragmatism with control: balances risk with customer outcome; knows when to say no but starts with a desire to see how we can structure a deal within appetite
- Can-do, hands-on. Willing to "roll sleeves up" in a fast-paced, entrepreneurial environment
- Communicates clearly and confidently, adapting style for brokers, valuers, solicitors, senior colleagues and HNW customers
Desirable:
- Cases with cross-border income/assets and FX conversion to GBP.
- Experience interacting with accountants/tax advisers and challenging assumptions.
Together embraces diversity and inclusion, and are proud to be an equal opportunity workplace. Not only do we welcome difference – we celebrate it, support it and really value our colleagues for who they are. We are committed to building a team that represents a variety of backgrounds, perspectives and skills.
If you feel you’d benefit from any support or reasonable adjustments during any stage of the recruitment process, please don’t hesitate to let us know when completing your application. This information will be picked up by our team, so we can try and put steps in place to help you be at your best through this process.
Please note that all successful applicants will undergo relevant employment reference, financial and criminal record checks.
Working Hours: Standard (09:00am-17:30pm)
Department: Underwriting
Office or Field Based: Office Based (Cheadle, SK8 3GW)
Contract type: Permanent
High Net Worth Underwriter in Cheadle employer: Together
At Together, we pride ourselves on being an exceptional employer, offering a supportive work culture that values diversity and inclusion. Our employees enjoy generous benefits such as 26 days of holiday (increasing to 30 with service), access to company holiday homes, and a range of health and wellness perks, all while working in a dynamic environment in Cheadle, Cheshire. With a focus on professional growth and a commitment to helping our colleagues thrive, Together is the ideal place for those seeking meaningful and rewarding careers in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land High Net Worth Underwriter in Cheadle
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and underwriting sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have a lead on that perfect High Net Worth Underwriter role!
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of complex financial structures. Be ready to discuss how you would approach underwriting for High Net Worth clients. Show us you can think critically and adapt your communication style to different audiences.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and expertise. We at StudySmarter recommend checking out our website for tailored job listings that suit your skills in underwriting and finance. It’s all about finding the right fit!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in making you memorable. Reiterate your enthusiasm for the role and mention something specific from the interview that resonated with you. Let’s keep that connection alive!
We think you need these skills to ace High Net Worth Underwriter in Cheadle
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the High Net Worth Underwriter role. Highlight your experience with complex financial assessments and any relevant qualifications that show you can handle the intricacies of HNW underwriting.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of how you've navigated complex financial situations in the past and how you can bring that expertise to our team.
Showcase Your Communication Skills:Since you'll be dealing with brokers and HNW clients, it's crucial to demonstrate your communication skills. Use clear and confident language in your application to reflect how you would interact with our customers and partners.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. This way, we can ensure your application gets the attention it deserves and you can easily track your progress!
How to prepare for a job interview at Together
✨Know Your Numbers
As a High Net Worth Underwriter, you'll need to be comfortable with complex financial data. Brush up on interpreting statutory accounts and understanding how money flows between entities. Be ready to discuss specific examples of how you've navigated these complexities in the past.
✨Understand the Market
Familiarise yourself with the current trends in high net worth lending and the unique challenges that come with it. Research Together's approach to mortgages and secured loans, and think about how your experience aligns with their common-sense philosophy.
✨Showcase Your Communication Skills
You'll be interacting with brokers, valuers, and HNW clients, so it's crucial to demonstrate clear and confident communication. Prepare to share instances where you've successfully managed relationships or resolved conflicts, showcasing your adaptability in different situations.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your ability to balance risk with customer outcomes. Think of examples where you've had to make tough decisions or justify policy exceptions, and be ready to explain your thought process behind those choices.
