Finance Development Underwriter

Nouvo Recruitment; Shenley; On-site; GBP 60,000 - 80,000; Full time

Job summary

A successful Finance company in Shenley seeks a Development Underwriter to process refurbishment and development finance applications. Responsibilities include managing loan applications, maintaining communication with all parties involved, and ensuring compliance with the company’s policy. The ideal candidate will have a strong background in underwriting development finance loans and excellent interpersonal skills, contributing to a high level of customer service.

Qualifications

• Strong experience of underwriting development finance loans, preferably including FCA regulated loans.
• Excellent understanding of compliance aspects including the regulatory environment.
• Commercially aware with good team management experience.

Responsibilities

• Manage a pipeline of development cases and prioritise accordingly.
• Underwrite loan applications while making quality lending decisions.
• Maintain high levels of communication with brokers and applicants.

Skills

Underwriting development finance loans

Excellent interpersonal and communication skills

Ability to adopt a pragmatic approach

Strong team player

Job description

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

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.

Key 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

Key Competencies:

• Strong experience of underwriting development finance loans, preferably including FCA regulated loans
• Experience managing people 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

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.