At a Glance
- Tasks: Lead the Mortgage Underwriting Team and ensure high customer care standards.
- Company: Specialist mortgage lender known for excellent customer service.
- Benefits: Competitive salary, generous bonus, pension up to 10%, and onsite parking.
- Other info: Hybrid work options available; regular office presence required.
- Why this job: Take on a leadership role in a dynamic environment with real impact.
- Qualifications: Extensive experience in manual mortgage underwriting and team leadership.
The predicted salary is between 43200 - 72000 £ per year.
Are you seeking your next challenge within Mortgage Underwriting, working with an organisation that prides themselves on excellent customer service? We’re pleased to be working with our specialist mortgage lender client, as they seek a Head of Underwriting to join the organisation owing to retirement.
Reporting into the Head of Operations, this role holder will have responsibility for the Mortgage Underwriting Team, ensuring high customer care standards, mitigating risk, whilst operating in a highly regulated environment. You will also hold a personal mandate. The underwriting team underwrites all lending cases manually, which includes complex cases.
Duties of the Head of Underwriting:
- Manage and maintain the integrity of the Mortgage book by leading within mandates and the lending policy.
- Be the subject matter expert in specialist underwriting for niche products.
- Assess complex mortgage applications when out of line of the lending policy.
- Undertake control checks on the Underwriting team.
- Ensure timely lending decisions are made within the agreed SLA’s.
- Authorising lending cases within approved mandates.
- Delivering a first class personalised service that includes keeping the customers or intermediaries informed of any delays.
- Communicate with Brokers and intermediaries on declined cases and provide objective feedback as appropriate.
- Be responsible for new product criteria assessment.
- Lead, coach and mentor the Underwriting team.
Qualifications:
The successful candidate will possess:
- A wealth of experience in manual, mortgage underwriting.
- Experience of leading a team of underwriters.
- Experience of dealing with brokers, intermediaries and packagers.
In return you can expect a highly competitive salary as well as strong benefits which include generous bonus, pension up to 10% and onsite parking. Regular office presence (office is just to the north west of London) is required but there is the opportunity to work on a hybrid basis.
Head of Underwriting employer: Ultimate Banking
Join a dynamic and innovative mortgage lender in Glasgow, where you will be part of a collaborative and high-performing team dedicated to operational excellence. With a strong focus on employee growth, the company offers excellent benefits, a hybrid work model, and opportunities to lead impactful projects that enhance customer service. This is not just a job; it's a chance to contribute to a rapidly growing business with ambitious plans for the future.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Underwriting
✨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.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Ultimate Banking. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Head of Underwriting
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 Ultimate Banking.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Ultimate Banking'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 Ultimate Banking
✨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 Ultimate Banking.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Ultimate Banking will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Ultimate Banking 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.
