Development Underwriter

Nouvo Recruitment; England; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading finance company in the UK is seeking an experienced Development Underwriter to join their team. In this role, you will be responsible for approving loans that meet the company's criteria while rejecting those that pose a risk. You will also manage development finance applications and ensure the highest level of communication with brokers, applicants, and other stakeholders. This position requires strong underwriting experience, excellent interpersonal skills, and compliance knowledge.

Qualifications

• Strong experience in underwriting development finance loans, preferably with FCA regulated loans.
• Excellent understanding of the regulatory environment and TCF principles.
• Proven ability to maintain high levels of customer service.

Responsibilities

• Underwrite loan applications within company lending criteria.
• Manage a pipeline of development cases and prioritize accordingly.
• Maintain high-level communication with all parties involved.

Skills

Excellent understanding of compliance aspects

Strong experience of underwriting development finance loans

Ability to adopt a pragmatic approach

Excellent interpersonal and communication skills

Strong team player

Job description

Our client is a successful Finance company looking for a Development Underwriter to join their team.

The Underwriter must use their skill and experience to approve those loans which are deemed acceptable and reject any which are unacceptable and represent a risk to the company. The Underwriter must work together with the other members of the Underwriting team to ensure that loans are processed in accordance with the company's underwriting manual and lending policy. The Development Underwriter is responsible for processing refurbishment and development finance applications where initial terms have been issued.

Key Responsibilities

• Always maintain a high level of communication with interested parties including brokers, applicants, surveyors and solicitors
• Maintain a high level of customer service with those internally and externally
• Underwrite loan applications within company lending criteria by making quality lending decisions
• Manage a pipeline of development cases for initial completions and subsequent drawdowns and prioritise accordingly
• Manage completed development loans and keep in regular contact with borrowers to identify issues at any early stage and seek out future business opportunities

Key Competencies

• Excellent understanding of compliance aspects of the role including the regulatory environment and TCF principles
• Strong experience of underwriting development finance loans, preferably including FCA regulated loans
• Ability to adopt a pragmatic approach to underwriting
• Commercially aware
• Excellent interpersonal and communication skills
• Strong team player

Due to a very high number of applications we are unable to come back to every candidate with feedback. If you do not hear from us within 48 hours please assume that you have been unsuccessful on this occasion. Your CV will be registered with us and we will keep you updated with any other positions that may be of interest. However please keep checking our website as new roles will be updated daily, Nouvo Recruitment London wishes you the best of luck in your job search.