At a Glance
- Tasks: Manage credit assessments and develop innovative underwriting processes for electric vehicle leasing.
- Company: Join Octopus Electric Vehicles, a leader in sustainable transport solutions.
- Benefits: Flexible salary, remote work options, and a dog-friendly office culture.
- Other info: Dynamic team environment with opportunities for personal and professional growth.
- Why this job: Be part of the electric revolution and make a real impact on greener driving.
- Qualifications: Hands-on experience in credit assessment and a passion for sustainability.
The predicted salary is between 59400 - 72600 £ per year.
We’re continuing to build our in‑house underwriting team at Octopus Electric Vehicles. The focus is currently on expanding our underwriting capability for B2B credit risk for our business contract hire and salary sacrifice products but also includes assessing consumer credit.
We’re creating a new set of policies, processes and tech tools to efficiently and accurately assess credit risk. Our goal is to become an industry leader in our ability to provide quick credit line decisions to both B2B and consumer clients. We will build and invest in best in class technology and datasets to help you achieve that goal.
What you'll do:
- Manage the day-to-day credit and underwriting process
- Review and manage credit escalations and referrals
- Own underwriting decisions for clients not captured by our auto‑underwriting process (up to an agreed limit, based on experience)
- Support in development of consumer scorecards, underwriting policy, process and systems
What you'll need:
- Willingness to get hands on with processing and evaluating credit applications ranging from consumer to larger corporates (essential)
- Ability to interpret credit application information - e.g. accounts and KPIs provided by clients (essential)
- Experience working in a hands‑on credit assessment & underwriting role (essential)
- Knowledge of credit policies
- Familiar with automated credit decisioning platforms (e.g. Lending Metrics)
- Experience in Automotive sector is a huge bonus, but not essential.
This role will have rotating weekend coverage, currently around 1 weekend in 4 with time off in lieu.
Octopus Energy Group is a unique culture. An organisation where people learn, decide, and build quicker. Where people work with autonomy, alongside a wide range of amazing co‑owners, on projects that break new ground. We want your hard work to be rewarded with perks you actually care about!
Octopus Electric Vehicles launched in 2018 to make it seamless to switch to cleaner, greener driving. Our mission is to drive sustainable change, decarbonise the planet and provide our customers with fair pricing and a fantastic experience.
We're an Octopus Energy company—an innovative new energy supplier. We are part of the Octopus Energy Group, which seeks to improve the lives of millions of people by transforming the industries we operate in.
If this sounds like you then we'd love to hear from you. Are you ready for a career with us? We want to ensure you have all the tools and environment you need to unleash your potential. Need any specific accommodations? Whether you require specific accommodations or have a unique preference, let us know, and we'll do what we can to customise your interview process for comfort and maximum magic!
Studies have shown that some groups of people, like women, are less likely to apply to a role unless they meet 100% of the job requirements. Whoever you are, if you like one of our jobs, we encourage you to apply as you might just be the candidate we hire. Across Octopus, we're looking for genuinely decent people who are honest and empathetic. Our people are our strongest asset and the unique skills and perspectives people bring to the team are the driving force of our success. As an equal opportunity employer, we do not discriminate on the basis of any protected attribute. Our commitment is to provide equal opportunities, an inclusive work environment, and fairness for everyone.
Consumer Underwriter employer: Worklane GmbH
At Octopus Energy, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. Our dedicated £10m training centre ensures that our Air Source Heat Pump Engineers receive top-notch training and development opportunities, empowering you to excel in your role while making a positive impact in the Newcastle community. Join us for a rewarding career where your skills are valued, and you can grow alongside a passionate team committed to delivering outstanding customer experiences.
StudySmarter Expert Advice🤫
We think this is how you could land Consumer Underwriter
✨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 Worklane GmbH. 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 Consumer Underwriter
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 Worklane GmbH.
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 Worklane GmbH'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 Worklane GmbH
✨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 Worklane GmbH.
✨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 Worklane GmbH 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 Worklane GmbH 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.
