Credit Underwriting Manager

Scania Group; Milton Keynes; Hybrid; GBP 63,000 - 77,000; Full time

Benefits offered by this job

Hybrid working

Enhanced parental leave

Gym Membership

Private Medical and Dental cover

25 days annual leave + bank holidays

Competitive pension

4x basic salary life assurance

Job summary

Scania Financial Services in Milton Keynes is seeking an experienced Credit Underwriting Manager to lead the underwriting function for Scania trucks, buses and services. You will oversee evaluation, risk assessment and responsible lending decisions while maintaining Scania's standards.

You will manage a high-performing underwriting team, drive improvements, and partner with Sales, Credit Control and Operations to balance growth with prudent risk management. This role is hybrid and UK-based.

Qualifications

• Experience leading a credit underwriting team.
• Ability to translate market insight into commercially viable strategy.
• Proven leadership to guide a four-member underwriting team.

Responsibilities

• Make sound credit decisions within delegated authority and assess affordability, strength, risk and exposure.
• Own credit risk and portfolio quality; monitor arrears, defaults and losses to improve criteria.
• Ensure robust risk and regulatory controls and embed Consumer Duty, AML/KYC and compliant processes.
• Lead and develop the underwriting team; set objectives and KPIs; support recruitment and succession planning.
• Drive improvements in underwriting processes, decisioning, systems, automation and customer outcomes.
• Collaborate with Sales, Dealers, Credit Control, Collections and Operations to balance commercial and prudent standards.
• Provide clear credit advice, explain decisions and explore alternative structures to support viable business.
• Influence strategy using credit insights for senior management and product development.

Skills

Commercial acumen

Analytical thinking

Leadership

Process improvement

Collaboration

Stakeholder management

Job description

Job Title: Credit Underwriting Manager - Scania Financial Services

Salary: Starting from £70,000 plus Bonus + Car

Location: Milton Keynes/ Hybrid

Benefits package includes:

• Hybrid working
• Enhanced parental leave
• Gym Membership
• Private Medical and Dental cover
• 25 days annual leave plus bank holidays
• Competitive pension
• 4x basic salary life assurance

We are looking for an experienced Credit Underwriting Manager to join our Scania Financial Services team and lead our Credit Underwriting function.

In this key leadership role, you will oversee the evaluation, assessment and management of credit risk, enabling our customers to finance Scania trucks, buses and services responsibly and sustainably.

You will lead the underwriting team, ensuring lending decisions are sound, timely and consistent, balancing commercial opportunities with effective risk management while operating in line with Scania's values, principles and credit standards.

Reporting to the Credit & Operations Director and forming part of the Operational Management Team, you will balance the consistent delivery of day-to-day underwriting activities with identifying and implementing opportunities to improve processes and ways of working.

You will lead, coach and develop a high-performing team of Credit Underwriters, creating an environment that supports sound decision‑making, continuous improvement and strong performance, while ensuring the team contributes to our wider financial goals and business objectives.

In this role you will:

• Make sound credit decisions within delegated authority, assessing customer affordability, financial strength, asset/security risk and overall exposure.
• Own credit risk and portfolio quality, monitoring arrears, defaults and losses to identify trends and improve underwriting criteria, policy and risk appetite.
• Ensure robust risk and regulatory controls, acting as a First Line of Defence and embedding Consumer Duty, AML/KYC and compliant credit processes.
• Lead and develop the underwriting team, setting clear objectives and KPIs, coaching colleagues, building capability and supporting recruitment and succession planning.
• Drive continuous improvement and change, using data and market insight to enhance underwriting processes, decisioning, systems, automation and customer outcomes.
• Partner effectively across the business, working closely with Sales, Dealers, Credit Control, Collections and Operations to balance commercial objectives with prudent credit standards.
• Provide clear and constructive credit advice, explaining decisions, managing challenge and identifying alternative structures where appropriate to support viable business.
• Influence business strategy, using credit and portfolio insight to inform senior management, product development, campaigns and broader business planning.

About you:

• Strong Commercial acumen – Able to translate market insight into commercially viable strategy
• Analytical thinker – Uses market insight and internal data to analyse and make sound decisions
• Strong Leadership experience – able to lead and develop your team of four Credit underwriters to achieve personal and company goals.
• Keen eye for process improvement – Plan, prioritise and embed process change while protecting daily service levels.
• Collaborator and team player – Working closely with other key departments withing the financial business to influence decisions and key changes, all whilst achieve a common goal.
• Stakeholder management – pro‑actively engaging with and effectively managing the expectations and opinions of those around you, specifically individuals who are relying on or are impacted by the work you are delivering.

Closing date: 21.10.26 - Pending volume of applications, the closing date for this position is subject to change.

We understand that every candidate is unique, and we strive to accommodate your needs. If you require any adjustments during the application process, please reach out to our Recruitment Team, we'll be happy to discuss these with you.

Working for Scania is not just about the job. It's about you too, and this is where the company goes the extra mile and provides an industry leading employment package. We offer an excellent benefits package which includes a pension scheme, complementary life insurance, financial incentive schemes and discounts on major retail outlets including groceries.

At Scania we invest considerably in colleague development, and you can expect to receive comprehensive training and career progression not only in the UK but throughout our Global organisation.

We have a strong and supportive culture, where each individual is seen, respected and has the potential to contribute. We trust each other to act and make decisions, and we believe in a more flexible future workplace based on individual needs. For us, diversity and inclusion is a strategic necessity. By having colleagues with the widest possible range of skills, knowledge, backgrounds, and experiences, we ensure we have the right people and together with an inclusive corporate culture, this drives our business forward. We want our colleagues to feel proud and happy to work for us, no matter where they are from or who they are, and we strive to achieve an inclusive and family‑friendly environment for everyone.

Scania is dedicated to delivering exceptional products and services to our customers and the successful candidate will reflect our core values; CUSTOMER FIRST, RESPECT, ELIMINATION OF WASTE, RESPONSIBILITY and TEAM SPIRIT in all we do.