At a Glance
- Tasks: Assess customer credit risk and make informed lending decisions.
- Company: Join a dynamic team at Burnham LilyLifestyle Jobs.
- Benefits: Competitive salary, flexible hours, and opportunities for growth.
- Other info: Exciting career path with potential for advancement in a supportive environment.
- Why this job: Make a real impact in the financial services industry while developing your skills.
- Qualifications: 3 years of experience in underwriting or credit analysis required.
The predicted salary is between 35000 - 45000 £ per year.
The Underwriting Specialist role is to assess the risk associated with extending customer credit and financing.
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 customers' 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
Credit Underwriting Specialist. Job in Burnham LilyLifestyle Jobs in Burnham-on-Sea employer: United Cerebral Palsy of Georgia
At LilyLifestyle, we pride ourselves on being an exceptional employer, offering a dynamic work environment in Burnham that fosters professional growth and development. Our culture emphasises collaboration and innovation, providing employees with the tools and support needed to excel in their roles as Credit Underwriting Specialists. With competitive benefits and a commitment to employee well-being, we ensure that our team members feel valued and empowered to make impactful decisions in the financial services sector.
Contact Details:
United Cerebral Palsy of Georgia Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Credit Underwriting Specialist. Job in Burnham LilyLifestyle Jobs in Burnham-on-Sea
✨Tip Number 1
Network like a pro! Reach out to folks in the financial services and automotive sectors. LinkedIn is your best mate here – connect with current Underwriting Specialists and ask for insights or advice. You never know, they might just point you towards an opportunity!
✨Tip Number 2
Prepare for those interviews by brushing up on your underwriting knowledge. Be ready to discuss your experience with credit analysis and how you've made decisions in the past. Practise common interview questions and have examples from your previous roles at the ready.
✨Tip Number 3
Showcase your skills! If you’ve got experience with scorecard design or testing, make sure to highlight that in conversations. Bring it up during interviews or networking chats to demonstrate your expertise and how you can add value to the team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search. So, get your application in and let’s get you one step closer to that Underwriting Specialist role!
We think you need these skills to ace Credit Underwriting Specialist. Job in Burnham LilyLifestyle Jobs in Burnham-on-Sea
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in underwriting or credit analysis. We want to see how your skills match the role, so don’t be shy about showcasing your relevant achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the Underwriting Specialist role and how your background in financial services makes you a perfect fit for us.
Showcase Your Analytical Skills:Since the role involves assessing risk and analysing financial statements, make sure to mention any specific tools or methodologies you’ve used in your previous roles. We love seeing those analytical skills in action!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at United Cerebral Palsy of Georgia
✨Know Your Numbers
As a Credit Underwriting Specialist, you'll need to be comfortable with financial statements and risk assessment. Brush up on your knowledge of key financial metrics and how they relate to credit decisions. Be ready to discuss specific examples from your past experience where you successfully assessed risk.
✨Familiarise Yourself with Genus
Since the role involves using the Genus system, it’s a good idea to familiarise yourself with its functionalities. If you have prior experience with similar systems, highlight that during the interview. Showing that you can quickly adapt to new tools will impress your interviewers.
✨Understand the Company’s Credit Policy
Before the interview, take some time to research the company’s credit and underwriting policies. Understanding their approach will help you align your answers with their expectations and demonstrate that you’re a good fit for their team.
✨Prepare for Scenario Questions
Expect scenario-based questions where you’ll need to demonstrate your decision-making process. Think of situations where you had to make tough lending decisions and be prepared to explain your reasoning. This will showcase your analytical skills and ability to adhere to service level targets.
