Underwriter - Manchester, United Kingdom - The Growth Company

The Growth Company

Verified Company

Manchester, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Location
Manchester

Company
The Growth Company

Contract type
Permanent/ Full
- time

Salary
Up to £29,300 per annum

Closing Date
01/03/2023

Ref No
3423

Have you ever wanted to work with start-up businesses? Ever fancied a career in finance? Have a logical brain and a strong eye for detail? Then this could be the perfect role for you.

A Start up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK

We're looking for an Underwriter to join our Growth Company Business Finance Team (GCBF). You'd spend the day talking to entrepreneurs, helping them to take their first steps into self-employment. Reviewing Business Plans and Financial documents, you are there to help the new business owner fine-tune their business planning tools in order to gain funding from the Start up Loans scheme

You will work with the Underwriting Team Leader to meet loan delivery KPI's (currently up to a value of £3.8m per annum) while ensuring the necessary credit parameters are maintained within the loan portfolio

As an Underwriter you will be responsible for developing relationships with new and existing loan applicants, in order that the structure of any loan facility meets the demands of the entrepreneur and their start-up business

Key Responsibilities:

Build and manage a caseload of loan applicants, ensuring fast advancement to payaway, whilst maintaining high quality and integrity
Carry out holistic reviews of business planning documents to identify any discrepancies or potential barriers to market entry for the new business
Understanding key SME startup challenges
Where loan applicants need further support to develop the business plan, signpost clients to internal/external partners where appropriate
Record referrals on an internal system and develop reciprocity with partners
Ensure that all responsibilities under Treating Customers Fairly are adhered to and exceeded
Undertake training to achieve delegated lending authority of £25k by the

British Business Bank:
ensuring that status is maintained throughout the contract

Communicate with Bank Managers, Accountants, and other Finance Professionals
Deliver on annual targets and maximise the profile of GCBF

About You:

Strong verbal and written communication skills
Have a keen eye for detail and ability to demonstrate common sense approach
Strong written report writing

Requirements:

Judgemental lending background in a financial institution (desired)
Proven track record of business assessment to support loan funding (desired)
Financially astute, with a lending background (desired)
Experience of IT and CRM systems an advantage
Ability to work with a wide range of partners at various levels
Able to work with a high volume of clients

The Growth Company (GC) are committed to safeguarding and promoting the welfare of vulnerable adults and young people and expect all staff to share this commitment.

If you are on the Barred List, it is against the law to be hired for a role that includes regulated activity with the concerned group.

GC aims to promote a culture of flexibility and agile working.

Going forward we will be transitioning to a culture where full agile working will be a feature of many of our roles.

We also recognise that there may be a need for more permanent flexibility in your working arrangements and in such cases, we encourage you to have these discussions at the interview stage, to enable your flexible working request to be considered as early as possible.