Development Underwriter

Gbs Uk; Greater London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A financial services company in Greater London is seeking a Development Underwriter to process refurbishment and development finance applications. The successful candidate will manage a pipeline of development cases, underwrite loan applications according to lending criteria, and maintain communication with borrowers. The ideal applicant will have strong experience in underwriting development finance loans and possess excellent interpersonal skills. This role is crucial for making quality lending decisions and ensuring compliance with regulatory standards.

Qualifications

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

Responsibilities

• Manage a pipeline of development cases for initial completions and subsequent drawdowns and prioritise accordingly.
• Underwrite loan applications within company lending criteria by making quality lending decisions.
• Manage completed development loans and keep in regular contact with borrowers to identify issues at any early stage and seek out future business opportunities.
• Be vigilant when working on cases and refer where necessary to the appropriate person.
• 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.

Job description

The Development Underwriter is responsible for processing refurbishment and development finance applications where initial terms have been issued. 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 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.

Responsibilities

• Manage a pipeline of development cases for initial completions and subsequent drawdowns and prioritise accordingly.
• Underwrite loan applications within company lending criteria by making quality lending decisions.
• Manage completed development loans and keep in regular contact with borrowers to identify issues at any early stage and seek out future business opportunities.
• Be vigilant when working on cases and refer where necessary to the appropriate person.
• 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.

Qualifications

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