Junior Broker Underwriter

CarFinance 247; Manchester; On-site; GBP 25,000 - 35,000; Full time

Job summary

An established industry player is seeking a motivated Junior Broker Underwriter to join their dynamic team in the finance sector. In this role, you'll evaluate car loan applications, utilize advanced data science models for decision-making, and ensure compliance with lending regulations. You'll work in a collaborative environment, providing top-notch service to brokers and customers alike. With a focus on accuracy and efficiency, you'll help shape the future of car financing while enjoying a range of benefits, including career progression opportunities and a vibrant workplace culture. If you're ready to embark on an exciting career journey, this opportunity is for you!

Benefits

Subsidised Onsite Parking

Free fruit and juice bars

Birthday off

Onsite Gym

Free transport to Piccadilly Train station

Free Barista bar serving teas and coffees

Excellent career progression

Qualifications

• Previous experience in credit underwriting, ideally in vehicle finance, is essential.
• Ability to analyze and interpret customer credit profiles.

Responsibilities

• Review customer applications and analyze credit profiles for loan eligibility.
• Interact with brokers and customers to deliver outstanding service.

Skills

Analytical Skills

Communication Skills

Attention to Detail

Customer Sensitivity

Autonomy

Education

Experience in credit underwriting

Familiarity with compliance and regulations

Tools

CRM software

Job description

About The Role

Are you looking to kickstart your career in the exciting world of finance? Join us at Car Finance 247 as a Junior Broker Underwriter, where you’ll dive into the fast-paced environment of car loan.

What You’ll Do:

Evaluate Car Loan Applications: Review customer applications, check for potential fraud, and analyze credit profiles.

Decision Making: Use our advanced data science model to help determine loan eligibility and manually assess applications to find the right fit with our diverse range of lenders.

Review and Analyze: Conduct bank checks and ensure the vehicle meets lending criteria.

Provide Top-Notch Service: Work closely with brokers and customers to deliver outstanding service, maintaining high levels of accuracy and speed.

Key Responsibilities:

1. Underwrite Business: Follow Company Credit Policy and Compliance guidelines to ensure the best outcomes for both customers and the business.
2. Effective Communication: Interact with brokers and customers via phone, email, and letters.
3. Organized Work: Manage your caseload efficiently to ensure productivity.
4. Achieve Targets: Meet individual KPIs for approvals, QA, and SLAs.
5. Adhere to Regulations: Follow guidelines such as the Supply of Goods Act 1982, Consumer Rights Act 2015, and FCA guidelines.
6. Maintain Systems: Keep accurate and comprehensive notes in case management and CRM software.

About You

Qualifications:

1. Experience: Previous experience in credit underwriting, ideally in vehicle finance, is essential.
2. Analytical Skills: Ability to analyze and interpret customer credit profiles.
3. Autonomy: Work independently while exercising good judgment.
4. Communication Skills: Strong verbal and written communication abilities.
5. Attention to Detail: Maintain high accuracy under pressure.
6. Customer Sensitivity: Handle sensitive situations and interact with vulnerable or challenging customers with care.
7. Regulation Knowledge: Familiarity with compliance, data protection, Anti Money Laundering, and consumer credit regulations is ideal.

Key Competencies:

• Underwriting
• Quality Assurance
• Writing and Reporting
• Presenting and Communicating Information
• Following Instructions and Procedures
• Delivering Results and Meeting Customer Expectations

About Us

Benefits:

• Subsidised Onsite Parking
• A great working environment with free fruit and juice bars
• Birthday off!
• Onsite Gym
• Free transport to and from Piccadilly Train station
• Free Barista bar serving teas and coffees
• Excellent career progression

CarFinance 247 is an award-winning business just outside of Manchester City Centre. We create personalised and high-quality customer experiences driven by outstanding tech, streamlined processes, and most importantly, amazing people. Over the next 12 months, we have exciting upcoming projects to cement our position as market leaders in every aspect of our business and that journey starts with attracting the best talent.

As an equal opportunity employer, the 247 Group is committed to the equal treatment of all current and prospective employees and does not condone discrimination on the basis of age, disability, sex, sexual orientation, pregnancy and maternity, race or ethnicity, religion or belief, gender identity, or marriage and civil partnership. We aspire to have a diverse and inclusive workplace and strongly encourage suitably qualified applicants from a wide range of backgrounds to apply and join the 247 Group.