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For Companies At a Glance
- Tasks: Assess loan applications and help customers achieve financial freedom.
- Company: Join Updraft, an award-winning app transforming consumer borrowing.
- Benefits: Enjoy hybrid work, health insurance, and a company pension.
- Other info: Dynamic start-up environment with opportunities for personal growth.
- Why this job: Make a real difference in people's lives while growing your career.
- Qualifications: 1-3 years in consumer credit underwriting and strong analytical skills.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Updraft is an award-winning FCA approved app available on IOS/Android. Our mission is simple - to help consumers find freedom from cumulative lifestyle borrowing such as credit‑cards, overdrafts and buy‑now pay‑later schemes. While retailers and some start‑ups remain intent on weaponising algorithms to maximise profit, we harness behaviour science, AI and expertise to offer our users powerful counter‑measures. As the business is undergoing rapid growth in demand for their product, we are looking for an enthusiastic underwriter to help us deliver an exceptional level of service to our customers. We do not believe in silos and departments that are typically found in banks and other lenders. As part of the Underwriting Team you will work and be responsible across multiple disciplines to ensure you help your customers achieve the best outcomes.
Responsibilities
- Approve and decline loan applications by assessing applicants’ creditworthiness and affordability in line with Updraft lending policy.
- Gather additional information needed for credit applications from customers.
- Communicate with customers in a friendly and efficient manner through all application stages.
- Form and maintain effective relationships across all business teams.
- Regularly participate in various business projects helping to improve our processes and achieve.
Qualifications
- Minimum 1 year to 3 years of experience in consumer credit underwriting.
- Previous experience in a customer‑facing role is an advantage.
- Strong numerical and analytical skills.
- High level of attention to detail.
- Strong decision‑maker.
- Inquisitive thinker and critical mind.
- Comfortable with a fast‑paced environment and frequent changes.
- Availability to work either Saturdays or Sundays.
- Previous experience in a start‑up is an advantage.
Benefits
- Company pension.
- Hybrid work.
- Health Insurance.
Consumer Loans Underwriter employer: updraft.com
Contact Detail:
updraft.com Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Consumer Loans Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching Updraft and understanding their mission. Show us that you’re not just another candidate; demonstrate how your skills align with our goal of helping consumers break free from debt.
✨Tip Number 3
Practice your communication skills! As an underwriter, you'll need to interact with customers regularly. Role-play common scenarios with friends or family to build your confidence and ensure you come across as friendly and efficient.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re genuinely interested in being part of the Updraft team.
We think you need these skills to ace Consumer Loans Underwriter
Some tips for your application 🫡
Show Your Enthusiasm: When writing your application, let your passion for helping consumers shine through. We want to see that you’re excited about the role and our mission at Updraft. A little enthusiasm goes a long way!
Tailor Your Experience: Make sure to highlight your relevant experience in consumer credit underwriting. We’re looking for specific examples that showcase your analytical skills and decision-making abilities. Don’t just list your duties; tell us how you made an impact!
Be Personable: Since you'll be communicating with customers, it’s important to convey a friendly tone in your application. We value effective communication, so let your personality come through while maintaining professionalism.
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 don’t miss out on any important updates. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at updraft.com
✨Know Your Numbers
As a Consumer Loans Underwriter, you'll need to demonstrate strong numerical and analytical skills. Brush up on your understanding of creditworthiness and affordability metrics. Be prepared to discuss how you assess these factors in real-life scenarios.
✨Show Your Customer-Centric Approach
Since Updraft values friendly communication, think of examples where you've successfully interacted with customers. Highlight your experience in customer-facing roles and how you’ve helped clients achieve positive outcomes in the past.
✨Embrace the Start-Up Spirit
With Updraft being a fast-growing start-up, they’ll appreciate candidates who thrive in dynamic environments. Share your experiences from previous roles that showcase your adaptability and willingness to take on various responsibilities.
✨Ask Insightful Questions
Prepare thoughtful questions about Updraft’s mission and how the underwriting team contributes to it. This shows your genuine interest in the company and helps you understand how you can fit into their unique culture.