Credit Underwriter- Automotive

MERJE; Coventry; Hybrid; GBP 35,000 - 38,000; Full time

Job summary

A financial services company in the UK seeks a Credit Underwriter to manually assess dealer proposals and ensure compliance with credit policies. The ideal candidate has at least 3 years of underwriting experience and possesses strong analytical and communication skills. This role offers a competitive salary between £35K and £38K with a hybrid working model.

Qualifications

• Minimum 3 years' experience in an underwriting consumer credit or credit analyst position in financial services.
• Understanding of financial statements (balance sheets, income statements, cash flow).
• Awareness of regulatory requirements and the FCA Handbook.

Responsibilities

• Assess risk by manually underwriting dealer proposals in line with company policy.
• Ensure quality underwriting decisions meet business tolerances.
• Evaluate credit requests up to £100,000 swiftly.

Skills

Quantitative and qualitative analysis

Financial statement interpretation

Effective communication skills

Problem-solving abilities

Organizational skills

Job description

Credit Underwriter- Automotive

12 Month Fixed Term Contract

Hybrid (once a week in Midlands)

£35K-£38K

The Credit Underwriter will assess this risk by manually underwriting dealer proposals in accordance with the Company credit / underwriting policy rules and in accordance with service level adherence targets. The Underwriter is responsible for ensuring that the quality of their underwriting decisions is in accordance with the business tolerances and credit policy rule sets. As part of the manual underwriting process, the Underwriter will undertake the appropriate analysis of retail customer's financial statements in order to assist in reaching timely and accurate conclusions on the Referral (e.g., "Accept" or "Decline" decision). This information, coupled with an analysis of the customer's repayment capacity, will enable the Underwriter to reach the appropriate lending decision.

The Credit Underwriter will utilise the systems to achieve auto acceptance decision targets. Using a proactive approach to work management and service level adherence, the Underwriter also uses the system to help self-manage their work queues. This will ensure that work queues are reviewed and actioned in accordance with agreed proposal status review targets.

• Underwrites in accordance with credit policy rules, retail portfolio quality and target adherence targets.
• Ensure the timely evaluation of credit requests up to £100,000
• Ensure Underwriting work and email queues are reviewed in accordance with agreed queue status review targets.
• Answers inbound dealer and account manager enquiries in accordance with average speed of answer targets.
• Undertake testing and tuning of the retail and commercial scorecards when needed.

The ideal candidate will :

• Be capable of undertaking quantitative and qualitative analysis; the ability to review metrics / financial ratios and supporting information and be able to understand what they mean for each proposal
• Understand financial statements (balance sheets, income statements, cash flow)
• Be able to interpret CRA and HPI reports, extracting non apparent information when making lending decisions
• Thoroughly understand underwriting and credit practices and procedures
• Be confident in making credit decisions and takes ownership of individual proposals
• Have good documentation, writing and speaking skills; the ability to effectively disseminate decisions to a variety of individuals (orally or in print)
• Be able to explain rationale for technical underwriting decisions to appropriate personnel
• Have good problem solving, communication, and organizational skills
• Have minimum 3 years' experience in an underwriting consumer credit or credit analyst position in financial services.
• Have awareness of regulatory requirements and of the FCA Handbook.
• Have experience in the automotive or consumer finance industry is advantageous.
• No sponsorship provided

Send your CV to [e-mail]

Applicants must be located and eligible to work in the UK without sponsorship. Please note, should feedback not be received within 28 days, unfortunately your application has been unsuccessful. In applying for this role, you may be registered on our database so we can contact you about suitable opportunities in future. Your data will be managed in accordance with our Privacy Policy, which can be found on our website. If you would like this job advertisement in an alternative format, please contact MERJE directly.