Consumer Underwriter (3 months FTC)

Octopus Energy Group; Greater London; On-site; GBP 55,000 - 85,000; Full time

Benefits offered by this job

Dog-friendly office

Job summary

Octopus Electric Vehicles is expanding its in-house underwriting team within the Octopus Energy Group to strengthen B2B and consumer credit risk assessment for contract hire, salary sacrifice products, and related lending activities. As a Credit Underwriter, you will manage daily underwriting operations, review escalations, and make decisions for clients beyond auto-underwriting within approved limits.

You will contribute to policy, scorecards, and system enhancements in a fast-growing fintech

Qualifications

• Hands-on processing and evaluating credit applications from consumer to larger corporates (essential).
• Ability to interpret credit application information and KPIs provided by clients (essential).
• Experience in underwriting role and knowledge of credit policies.

Responsibilities

• 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).
• Support in development of consumer scorecards, underwriting policy, process and systems.

Skills

Credit underwriting

Underwriting experience

Credit policy knowledge

Automated decisioning platforms

Vehicle leasing experience

Tools

Lending Metrics

Job description

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. To help us do that, we're hiring a Credit Underwriter.

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 & underwriting role
• Knowledge of credit policies
• Familiar with automated credit decisioning platforms (e.g. Lending Metrics)
• Experience in vehicle leasing

Why else you'll love it here

• Wondering what the salary for this role is? Just ask us! On a call with one of our recruiters it's something we always cover as we genuinely want to match your experience with the correct salary. The reason why we don't advertise is because we honestly have a degree of flexibility and would never want salary to be a reason why someone doesn't apply to Octopus - what's more important to us is finding the right octofit!
• 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! Visit our perks hub - Octopus Employee Benefits
• Octopus Electric Vehicles, part of the Octopus Energy Group, won the Sunday Times best company to work for in 2024. We were named 6th out of the top 100 start-ups to work for by Tempo in 2025 and on Glassdoor we were voted 50 best places to work in 2022. Our Group CEO, Greg has recorded a podcast about our culture and how we empower our people. We've also been placed in the top 10 companies for senior leadership
• just to let you know, we are dog friendly company so you may see our 4 legged friends in the offices - feel free to bring yours! Rest assured though, we've taken lots of precautions for those who have allergies

About us

The electric revolution has arrived - and from 2035 you'll no longer be able to buy a new petrol or diesel car in the UK.

We're building a whole new way for drivers to join the electric charge and not only learn about and shop for their EV online, but experience a 'lease for life' through an industry changing customer experience. This is the chance to join one of the UK’s most exciting start-ups - making it easy for individuals and businesses to go electric by getting their car, charger and energy all in one cracking deal.

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. The Octopus Group incorporates Octopus Energy, Octopus Healthcare, Octopus Investments, Octopus Property, Octopus Ventures and Octopus Labs.

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.

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.

Where necessary, we sometimes use AI tools to help with parts of our hiring process, like reviewing applications or assessing responses. We're lucky to receive a huge amount of interest, so these tools help our recruiters manage that volume, not replace them. Ultimately, every hiring decision (for example, whether to progress your application or not) is always made by a real person in our Talent team.

If you'd like to know more about how we use your data, you can reach out to us via email at [e-mail]. We're happy to help!