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 working hours, and career development opportunities.
- Other info: Fast-paced environment with opportunities for professional growth.
- Why this job: Make impactful decisions in the finance industry while growing your skills.
- Qualifications: 3 years in underwriting or credit analysis; automotive finance experience is a plus.
The predicted salary is between 30000 - 40000 £ 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.
Underwriter. 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 culture that fosters collaboration and innovation in the heart of Burnham. Our Underwriting Specialists benefit from comprehensive training and development opportunities, ensuring continuous professional growth while enjoying a supportive environment that values work-life balance and employee well-being. With competitive remuneration and a commitment to recognising and rewarding talent, we provide a fulfilling career path for those looking to make a meaningful impact 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 Underwriter. Job in Burnham LilyLifestyle Jobs
✨Tip Number 1
Network like a pro! Reach out to folks in the underwriting and finance sectors on LinkedIn. A friendly message can go a long way, and you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your risk assessment skills. Be ready to discuss how you’ve tackled underwriting challenges in the past. We want to hear about your thought process and decision-making!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings that suit your skills and interests. We’re all about finding the right fit!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. Share a specific point from the interview that excited you, showing you’re genuinely interested in the role.
We think you need these skills to ace Underwriter. Job in Burnham LilyLifestyle Jobs
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriting Specialist role. Highlight your experience in underwriting or credit analysis, especially if you've worked in financial services or the automotive industry. We want to see how your skills match what we're looking for!
Showcase Relevant Experience:In your cover letter, don’t just repeat your CV. Use this space to showcase specific examples of your underwriting decisions and how they align with company policies. We love seeing how you’ve made an impact in previous roles!
Be Clear and Concise:When writing your application, keep it clear and concise. Avoid jargon unless it's relevant to the role. We appreciate straightforward communication that gets to the point—just like we do in our underwriting process!
Apply Through Our Website:Finally, make sure to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the Underwriting Specialist position. We can’t wait to see what you bring to the table!
How to prepare for a job interview at United Cerebral Palsy of Georgia
✨Know Your Numbers
As an 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 streamline your underwriting processes.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your decision-making skills. Think of examples from your past where you had to make tough lending decisions and be ready to explain your thought process.
✨Show Your Proactive Side
The job requires a proactive approach to work management. Be ready to discuss how you prioritise tasks and manage your workload effectively, especially when dealing with multiple proposals at once.
