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: Fast-paced environment with a focus on teamwork and innovation.
- Why this job: Make a real impact in the financial services industry while developing your skills.
- Qualifications: 3 years in underwriting or credit analysis; automotive finance experience is a plus.
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.
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 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 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
✨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 interviews by brushing up on your underwriting knowledge. Be ready to discuss how you assess risk and make lending decisions. Use real-life examples from your experience to showcase your skills – it’ll make you stand out!
✨Tip Number 3
Don’t forget to tailor your approach! When applying through our website, highlight your experience in credit analysis and any familiarity with systems like Genus. Show them you’re not just another applicant, but the perfect fit for their team.
✨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. Plus, it’s a great chance to reiterate why you’re the ideal candidate for the Underwriting Specialist position.
We think you need these skills to ace Credit Underwriting Specialist. Job in Burnham LilyLifestyle Jobs
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 demonstrate your understanding of financial statements and risk assessment. Brush up on key financial metrics and be ready to discuss how you analyse them in your previous roles.
✨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 have experience with similar systems, be prepared to share how you’ve used technology to manage work queues and make informed decisions.
✨Understand the Company’s Credit Policy
Research the company’s credit and underwriting policies. Knowing their specific tolerances and rule sets will help you align your answers with their expectations during the interview.
✨Prepare for Scenario Questions
Expect to face scenario-based questions where you’ll need to demonstrate your decision-making process. Think of examples from your past experience where you had to assess risk and make lending decisions, and be ready to explain your thought process.
