Head of Underwriting - Essex, United Kingdom - Corporate Recruitment Solutions

Corporate Recruitment Solutions
Corporate Recruitment Solutions
Verified Company
Essex, United Kingdom

3 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

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Description

About the Head of Underwriting & Completions role:

Our client is a growing, innovative Challenger Bank with a strong appetite to lend supported by an existing geographic footprint, competitive product offering & growing lending book.

As part of the next stage of their growth journey they are looking fora
Head of Underwriting & Completions who can bring excellent leadership and technical BTL & Commercial Investments underwriting experience.


Purpose of the Head of Underwriting & Completions role;


To effectively lead and manage the First Line Specialist underwriting and completions teams - the role is a senior position with oversight of the entire new business origination process for large Buy to Let and Commercial Investment exposures and transactions(£1.25m to £30m) with a number of direct management reports.


  • To provide an effective and efficient first line underwriting and completions operation to support the business objectives whilst maintaining the required risk standards.
  • To deliver favourable customer outcomes in terms of credit assessment and customer experience.
  • To analyse and understand credit risks being presented and ensure both Asset Class Policies and Lending Policies are understood and respected across the teams.
  • To embed both the Bank and Division's Risk Management Framework within all activities within the underwriting team
  • The role holder will be required to exercise a delegated lending authority of £2.5m and participate in ad hoc projects as required
Reporting to the Director, Real Estate Underwriting & Competions, principal interfaces will be with the Group Credit Risk, Sales, Key broker partners and the Complex Deal Forum


Key responsibilities of the Head of Underwriting & Completions:

  • Accountability for all Credit Risk Underwriting activities
  • Leadership and management of people to ensure that all functions within Credit are fully staffed, trained, compliant and effective.
  • To communicate and escalate potential issues/risks in a prompt and effective manner.
  • To report all issues of regulatory concern to the Chief Risk Officer, and/or the Real Estate MD, Commercial Property Customer Delivery Director, or the Bank Legal and Compliance Departments.
  • Act as the 1st line senior underwriter for new credits, and facility reviews
  • To provide monitoring, analyse and report on portfolio metrics to include business flows, single debtor concentrations, credit policy exceptions, escalating to senior management where appropriate.
  • Ensure complete data integrity and adherence to process of the team.
  • Manage performance standards of Underwriters through robust QA structure, providing feedback and coaching to Underwriters and Completion Officers as applicable.
  • Report and present on the Credit Risk activities of the teams to all relevant Committees.
  • To support the line manager in setting, and monitoring, appropriate Credit Risk appetite metrics for investment products.
  • Providing support, education and training to staff on risk related issues.

Skills & Experience of the Head of Underwriting & Completions role

Qualifications:
Degree/MBA or similar business qualification or equivalent work experience appropriate to the role


Experience:


  • 10 years' experience in property lending.
  • Deep and broad business and financial acumen

Technical/Specialist Knowledge & Skills:


  • Significant industry knowledge in the CI & BTL property market including a deep understanding of lending practices in that sector, structures, risks, covenant requirements, pricing and competition.
  • Demonstrable ability to under commercial analysis of a business both in terms of financial and nonfinancial aspects.
  • Excellent customer service, presentation and negotiation skills
  • Experience in executive level reporting on strategic initiatives.
  • Thorough comprehension of credit risk management, credit administration, loan production and servicing.
  • Proven creditunderwriting skills within either banking or finance industry
  • Compliance with all regulatory requirements, remaining in good standing with regulatory agencies.
  • Strong commercial, financial acumen and capability in strategic thinking, executive level reporting and effective business planning
  • Strong customer/intermediary and market insight
  • Knowledge of Consumer Credit Act and Data Protection Act
I
nterpersonal

  • Strong and proven leadership skills to lead and develop a team by example.
  • Ability to work in a changing environment requiring adaptability and flexibility together with the management of people through change.
  • Excellent interpersonal skills with the ability to build rapport in order to engage employees and gain support of peers.
  • Build a strong balanced and effective team by setting clear goals and expectations
  • Strong influencing and assertiveness skills and the ability to communicate effectively both orally and in writing with all levels of management, regulators, and committees of the Board of Directors.
  • High levels of drive, energy and personal commitment to success
  • Ability to prioritise and manage multiple business needs and projects.
  • Creativity and innovation
  • Results orientated, holds selfaccountable


This is a fantastic opportunity to utilise your banking experience within a dynamic growing organisation & to be part of their increasingly successful story.

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