High Net Worth Underwriter

Together - loans, mortgages & finance; Cheadle; On-site; GBP 70,000 - 120,000; Full time

Benefits offered by this job

Holiday allowance

Birthday day off

Company holiday homes

Annual bonus

Matched pension

Health cash plan

Job summary

Together is seeking a High Net Worth Underwriter to unpick complex financial webs and underwrite mortgage and secured loan applications for HNW individuals as part of our Premier Service. You will interpret statutory accounts, reconstruct net income from diverse streams, apply UK tax knowledge, and assess affordability within FCA rules, while guiding brokers and clients with clarity.

This role demands commercial pragmatism, hands-on problem solving and the ability to triage clients by HNW

Qualifications

• Experience in HNW/private banking underwriting or specialist lending with modified affordability.
• Familiarity with KYC/AML/PEP for HNW customers.
• Proven ability to assess dividend/loan income and read statutory accounts.
• Commercial pragmatism with control: balances risk with customer outcome; knows when to say no but starts with a desire to see how we can structure a deal within appetite.
• Can‑do, hands‑on. Willing to “roll sleeves up” in a fast‑paced, entrepreneurial environment.
• Communicates clearly and confidently, adapting style for brokers, valuers, solicitors, senior colleagues and HNW customers.

Responsibilities

• Interpret full statutory accounts and track inter-entity movements (Ltd/LLP).
• Reconstruct net income from diverse streams and assess long-term sustainability.
• Understand UK personal and corporate tax (S455, SA302s, dividends vs salary).
• Be familiar with trusts, holding companies, and offshore structures.
• Navigate FCA MCOB rules regarding HNW exemptions and modified affordability.
• Triag e clients against HNW definitions and distinguish income-based vs asset-based lending.
• Assess assets from private equity to fine art for liquidity or exit events.
• Justify policy exceptions and identify early warning signals in portfolios.

Skills

Underwriting expertise

Private banking

KYC/AML/PEP

Dividend/loan income analysis

Communication with brokers

Decision making

Job description

Benefits of working at Together

• 26 days holiday, and a day off for your birthday (increasing with service to 30 days), plus bank holidays
• Free access to company holiday homes
• Buy & sell holidays
• Discretionary annual bonus plus an additional Shared Reward Bonus
• Life assurance and Critical illness cover
• Travel season ticket loans and Ride to work scheme
• Free local gym access
• Local bar / restaurant discounts

• 26 days holiday, and a day off for your birthday (increasing with service to 30 days), plus bank holidays
• Free access to company holiday homes
• Buy & sell holidays
• Discretionary annual bonus plus an additional Shared Reward Bonus
• Matched pension contribution
• Health cash plan plus Private medical insurance
• Life assurance and Critical illness cover
• Travel season ticket loans and Ride to work scheme
• Free local gym access
• Local bar / restaurant discounts

Company Description

We’re Together. For over 50 years, we’ve helped thousands of people, businesses and professionals unlock their property ambitions with our common-sense approach to mortgages and secured loans.

We take the time to understand our customers and our door is always open, so we can often help when other lenders can’t or won’t. Based in Cheadle, Cheshire, our 900 colleagues help our customers throughout the UK, backed by the power of a £7 billion loan book.

Company Description

We’re Together. For over 50 years, we’ve helped thousands of people, businesses and professionals unlock their property ambitions with our common-sense approach to mortgages and secured loans.

We take the time to understand our customers and our door is always open, so we can often help when other lenders can’t or won’t. Based in Cheadle, Cheshire, our 900 colleagues help our customers throughout the UK, backed by the power of a £7 billion loan book.

Job Description

As a High Net Worth Underwriter, we are looking for someone who is capable of unpicking complex financial webs to prove a customer can afford their debt. Allowing you to accurately underwrite, mandate and complete mortgage and secured loan applications for High Net Worth individuals as part of our Premier Service. Focusing on service delivery by following group lending criteria, policies and procedures, you will proactively manage customer and broker relationships whilst delivering a seamless level of service to increase future business.

As a High Net Worth Underwriter, we are looking for someone to:

• Interpret full statutory accounts (Ltd/LLP), specifically tracking how money moves between entities via dividends, director loans, and management charges
• Reconstruct net income from diverse streams (trading profits, vesting, and carried interest) and assessing its long-term sustainability through multi-year trend analysis and stress testing
• Have working knowledge of UK personal and corporate tax (S455, SA302s, and dividend vs. salary) to understand how tax planning impacts actual cash flow
• Be familiar with trusts, holding companies, and offshore vehicles is essential to identify who truly controls the wealth and the feasibility of repatriating funds
• Navigate FCA MCOB rules regarding HNW exemptions and modified affordability
• Be able to accurately triage clients against HNW definitions (£k+ income / £m+ net assets) and distinguish between income-based underwriting and Asset-Based Lending (ABL)
• Understand how various assets (from private equity to fine art) generate liquidity or future "exit events"
• Be able to justify policy exceptions and identify "early warning signals" within a client’s portfolio, such as concentration risk or high leverage

Qualifications

Essential

• Exposure to HNW/Private Banking underwriting or specialist lending with modified affordability
• Familiarity with KYC/AML/PEP nuances for HNW (complex ownership, source of wealth/source of funds checks)
• Demonstrable track record assessing dividend/loan account income and reading statutory accounts
• Commercial pragmatism with control: balances risk with customer outcome; knows when to say no but starts with a desire to see how we can structure a deal within appetite
• Can‑do, hands‑on. Willing to “roll sleeves up” in a fast‑paced, entrepreneurial environment
• Communicates clearly and confidently, adapting style for brokers, valuers, solicitors, senior colleagues and HNW customers

Desirable

• Cases with cross‑border income/assets and FX conversion to GBP
• Experience interacting with accountants/tax advisers and challenging assumptions

Additional Information

Together embraces diversity and inclusion, and are proud to be an equal opportunity workplace. Not only do we welcome difference – we celebrate it, support it and really value our colleagues for who they are. We are committed to building a team that represents a variety of backgrounds, perspectives and skills.

If you feel you'd benefit from any support or reasonable adjustments during any stage of the recruitment process, please don’t hesitate to let us know when completing your application. This information will be picked up by our team, so we can try and put steps in place to help you be at your best through this process.

Please note that all successful applicants will undergo relevant employment reference, financial and criminal record checks.