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- Tasks: Assess loan applications and communicate with customers to ensure the best outcomes.
- Company: Join Updraft, an award-winning app helping consumers escape lifestyle borrowing traps.
- Benefits: Enjoy hybrid work, health insurance, and a chance to shape our growing startup.
- Why this job: Be part of a dynamic team that values collaboration and innovation in finance.
- Qualifications: 1-3 years in consumer credit underwriting; customer-facing experience is a plus.
- Other info: Opportunity to influence company structure and strategy in a fast-paced environment.
The predicted salary is between 28800 - 48000 £ per year.
Updraft Manchester, England, United Kingdom
Consumer Loans Underwriter
Updraft Manchester, England, United Kingdom
1 month ago Be among the first 25 applicants
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This range is provided by Updraft. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
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
Requirements
- 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
As an employee in a fast moving startup you have the opportunity to shape the structure of the organisation, team and strategy;
- Company pension
- Hybrid work
- Health Insurance
Seniority level
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Seniority level
Entry level
Employment type
-
Employment type
Full-time
Job function
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Job function
Finance
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Industries
IT Services and IT Consulting
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Consumer Loans Underwriter employer: Updraft
Contact Detail:
Updraft Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Consumer Loans Underwriter
✨Tip Number 1
Familiarise yourself with Updraft's mission and values. Understanding their approach to consumer loans and how they differentiate themselves from traditional lenders will help you align your answers during interviews and demonstrate your enthusiasm for the role.
✨Tip Number 2
Brush up on your analytical skills, especially in assessing creditworthiness and affordability. Being able to discuss specific examples of how you've successfully evaluated loan applications in the past will showcase your expertise and confidence in the underwriting process.
✨Tip Number 3
Prepare to discuss your experience in customer-facing roles. Since Updraft values effective communication, think of instances where you've built strong relationships with customers and how that can translate into providing exceptional service as an underwriter.
✨Tip Number 4
Be ready to demonstrate your adaptability in a fast-paced environment. Share examples of how you've thrived in dynamic settings, particularly in start-ups, to show that you can handle the rapid changes and challenges that come with the role.
We think you need these skills to ace Consumer Loans Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Consumer Loans Underwriter position at Updraft. Tailor your application to highlight relevant experience and skills that align with their needs.
Craft a Compelling CV: Your CV should clearly showcase your experience in consumer credit underwriting and any customer-facing roles. Use bullet points to outline your achievements and quantify your successes where possible, such as the number of applications processed or approval rates.
Write a Strong Cover Letter: In your cover letter, express your enthusiasm for Updraft's mission and how your background makes you a great fit for the team. Mention specific examples of your analytical skills and decision-making abilities that demonstrate your suitability for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an underwriting role.
How to prepare for a job interview at Updraft
✨Understand the Company Mission
Before your interview, make sure you understand Updraft's mission to help consumers find freedom from cumulative lifestyle borrowing. This will show your genuine interest in the company and its goals.
✨Showcase Your Analytical Skills
As a Consumer Loans Underwriter, strong numerical and analytical skills are crucial. Be prepared to discuss specific examples from your past experience where you successfully assessed creditworthiness or made critical decisions based on data.
✨Demonstrate Customer-Facing Experience
If you have previous experience in a customer-facing role, highlight this during your interview. Discuss how you effectively communicated with customers and maintained relationships, as this aligns with Updraft's emphasis on customer service.
✨Be Ready for Fast-Paced Questions
Given that Updraft operates in a fast-paced environment, expect questions that assess your adaptability and decision-making under pressure. Prepare examples of how you've thrived in similar situations to showcase your ability to handle change.
