Credit Underwriter - London, United Kingdom - Fintellect Recruitment

Fintellect Recruitment
Fintellect Recruitment
Verified Company
London, United Kingdom

1 week ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

Credit Underwriter - Commercial Lending
Our client is an established global Fintech Commercial Finance lender who have recently launched in the UK.

They offer flexible mid-sized Revolving Credit Facilities to SMEs and are very well backed and capitalised with huge appetite to lend and grow.

Dueto their continued success, we are now looking to bring on an additional Credit Underwriter to their Underwriting team.

They have a highly unique and competitive product which offers a flexible, revolving credit facility to businesses in the UK and thereforerequires a level of sophistication and consultative style when it comes to credit analysis and underwriting as it will require a more traditional, manual assessment approach.


As a Credit Underwriter, you will be critical in contributing to both automated and human decision-making processes, assessing business' credit risk profiles, mitigating the lending risk and to be an integral part of their risk function.

You will be responsiblefor looking at each proposal manually and making decisions on a case by case basis and writing up a full credit paper, therefore it is imperative to have good credit skills as a basic foundation.

We are looking for someone who enjoys Underwriting and investigativework, you will be highly involved in manual underwriting which includes digging deep into customer's backgrounds to be able to build a full picture and story, which will allow you to build a flexible, tailored lending solution or recommendation.

Full trainingwill be provided by the more Senior Underwriters so therefore we are not looking for the finished article but moreso someone who is keen to learn and develop but with good Underwriting basics.


The role allows hybrid working, with 2/3 days a week based in their offices in Central London alongside the rest of the team.


Key responsibilities of the Credit Underwriter
include:

  • Support the delivery of lending decisions based on an overall consideration of risks and mitigants to risk, with high level of manual underwriting applied to each case commensurate to the risk
  • Writing up detailed credit reports
  • Compliance with the lending and credit policies as applicable to the business line
  • Follow processes to identify AML/Fraud
  • Work effectively individually and as a team with the various functions of the division
  • Ensure all checks for quality, compliance has been completed on systems

Experience/skills required for the Credit Underwriter role:

  • 2+ years' experience working as a Credit Underwriter for either an alternative funder or mainstream lender
  • Strong knowledge of SME lending, financial analysis and overall credit risk
  • Ability to think outside the box and be creative with Underwriting
  • Flexible and adaptable to new products, processes and policies
  • Knowledge of working under pressure to tight deadlinesa 'cando' attitude
  • Excellent communication skills
  • Ability to prioritise tasks
  • Team player and happy to ask questions
  • Established global business but with an opportunity to help shape things in the UK as they grow
  • Human decision making and ability to have a flexible approach to underwriting with a wide range of products
  • Excellent salary and benefits package
  • Working with a top quality team who are reputable across the industry
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