At a Glance
- Tasks: Underwrite complex mortgage applications and deliver exceptional customer service.
- Company: Join a leading specialist mortgage company with a focus on innovation.
- Benefits: Comprehensive benefits package to support your professional and personal needs.
- Other info: Dynamic team environment with opportunities for growth and development.
- Why this job: Make a real impact in the mortgage market while developing your expertise.
- Qualifications: 5+ years in specialist mortgage underwriting and strong understanding of lending types.
The predicted salary is between 60000 - 75000 £ per year.
Role Overview: The successful candidate will be a suitably qualified and experienced Underwriter in the specialist mortgage market, having held a Residential & Buy to Let lending mandate for a minimum of 5 years (£500k desirable).
Key Responsibilities:
- Underwrite and decision complex Residential and BTL mortgage applications ensuring you deliver exceptional customer service.
- Operate effectively to achieve agreed production and quality targets and objectives and take responsibility for highlighting any areas of concern.
- Consider mortgage applications outside standard lending policy where a justifiable business reason exists.
- Ensure responsibilities regarding Consumer Duty, the Prevention of Financial Crime (including AML, identification, and reporting of fraud) and responsible lending are carried out effectively and in accordance with the Company’s policies.
- Develop and maintain knowledge of mortgage products and bespoke underwriting capability with an emphasis on understanding of Vida’s risk appetite, products, and criteria.
- Ability to manage and organise own caseload in line with the priorities of the business.
Requirements:
- Extensive experience of specialist mortgage manual underwriting, the mortgage intermediary market, its products, marketing approach and processes.
- Held a specialist residential and BTL lending mandate for a minimum of 2 years.
- A detailed understanding of complex Residential & BTL lending types, such as Portfolio Buy to Let, SPV’s, New Build, Help to Buy/First Home Fund, Contractors, Ex-Pats, Self-Employed, Credit Repair, HMOs and MUBs.
- Regulation / Legislation Awareness - Knowledge of the Regulated Financial Services environment.
- Demonstrable understanding of Consumer Duty, responsible lending and regulatory knowledge.
- CeMap qualified or industry equivalent – desirable but not essential.
- Able to demonstrate a proactive, hardworking, flexible and able to work under own initiative but also a team player.
- Proficient in MS Office, credit risk decision systems.
Benefits:
We offer a comprehensive benefits package to support our employees’ professional and personal needs. Further details can be provided upon application.
Dual Underwriter in London employer: Vida Bank
At Vida, we pride ourselves on being an exceptional employer in the specialist mortgage market, offering a dynamic work culture that fosters collaboration and innovation. Our comprehensive benefits package supports both professional growth and personal well-being, while our commitment to employee development ensures that you can thrive in your role as a Dual Underwriter. Join us in a location that values expertise and provides unique opportunities to make a meaningful impact in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Dual Underwriter in London
✨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 Vida Bank. 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 Dual Underwriter in London
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 Vida Bank.
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 Vida Bank'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 Vida Bank
✨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 Vida Bank.
✨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 Vida Bank 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 Vida Bank 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.
