At a Glance
- Tasks: Lead the Underwriting team, optimising processes and driving improvements through AI and automation.
- Company: Join Updraft, a high-growth fintech revolutionising financial management in London.
- Benefits: Enjoy flexible hybrid working, a pension plan, and career growth opportunities.
- Other info: Be part of a fast-paced start-up culture with a focus on collaboration and innovation.
- Why this job: Make a real impact on financial health while leading innovative projects in a dynamic environment.
- Qualifications: Experience in Underwriting within consumer lending and strong leadership skills required.
The predicted salary is between 48000 - 84000 £ per year.
Updraft is an award-winning, FCA-authorised, high-growth fintech based in London. Our vision is to revolutionise the way people spend and think about money, by automating the day-to-day decisions involved in managing money and mainstream borrowings like credit cards, overdrafts, and other loans.
We have built scale and are getting well recognised in the UK fintech ecosystem with over 800k users of our mobile app that has helped users swap £500m of costly credit-card debt for smarter credit, putting hundreds of thousands on a path to better financial health. The product is highly rated by our customers, with ratings of 4.8 on Trustpilot, 4.8 on the Play Store, and 4.4 on the iOS Store.
We are looking for exceptional talent to join us on our next stage of growth with a compelling proposition - purpose you can feel, impact you can measure, and ownership you'll actually hold. Expect a hybrid, London-hub culture where cross-functional squads tackle real-world problems with cutting-edge tech; generous learning budgets and wellness benefits; and the freedom to experiment, ship, and see your work reflected in customers' financial freedom.
The role will lead Updraft’s Underwriting team and will be responsible for all of the procedures within Underwriting, constantly improving them to optimise speed of decision with business outcomes. Responsibilities include:
- Own the Underwriting policy and procedures, making continual improvements to ensure they align with new business campaigns and application types.
- Review cases where a customer has been a victim of fraud to determine the appropriate outcome.
- Provide regular feedback to the Credit Risk team on quality of referrals and opportunities for improvement.
- Deliver fast-paced change through automation and AI to improve process efficiency and effectiveness.
- Lead a team of human and AI agents to deliver against Underwriting targets.
- Personally review referrals, when necessary, to ensure the team remains within SLA.
- Present key MI to the leadership team on a regular basis, alongside plans for continual performance improvement.
- Work closely with Data Science, Engineering, Compliance, and other customer-facing teams to ensure decisions support both customer outcomes and regulatory standards.
Requirements:
- Strong background in Underwriting within Consumer Lending.
- Familiarity with start-up culture and comfort with fast-paced, evolving environments.
- Proven track record of improving efficiency through the use of AI and automation.
- Proven experience in leading teams and managing cross-functional initiatives.
- Strong interpersonal skills to collaborate with stakeholders and provide updates to the leadership team effectively.
- Previous experience with consumer finance, particularly in credit cards, personal loans, or buy-now-pay-later products.
Benefits:
- Flexible hybrid working.
- Pension and Medical plan.
- Opportunities for career growth within a high-growth fintech.
Underwriting Manager in Manchester employer: Updraft
At Updraft, we pride ourselves on being an innovative employer that champions both personal and professional growth. Our dynamic work culture fosters creativity and collaboration, allowing you to thrive in a hybrid environment while contributing to our mission of smarter credit solutions. With competitive salaries, comprehensive health benefits, and a commitment to employee wellbeing, Updraft is the perfect place for passionate marketers looking to make a meaningful impact in the fintech space.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Manager in Manchester
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Updraft. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Underwriting Manager in Manchester
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Updraft.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Updraft's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Updraft
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Updraft.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Updraft will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Updraft employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
