Retail Underwriting Analyst

Momenta Group Global; Milton Keynes; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading financial services consulting firm is seeking Retail Underwriting Analysts in Milton Keynes to assess credit applications based on financial data. Candidates will work with high accuracy and manage documentation while ensuring compliance with regulatory standards. Ideal candidates have at least 1 year of experience in credit roles and strong analytical skills. This position is hybrid with flexibility in office days.

Qualifications

• Minimum of 1 year’s experience in a credit or lending role.
• Strong understanding of UK regulation and credit risk principles.
• Working knowledge of consumer lending environments desired.

Responsibilities

• Interpret and analyse customer data to validate income and expenditure.
• Utilise income and expenditure models to form lending decisions.
• Review customer documentation for accuracy and completeness.

Skills

Credit analysis

Regulatory understanding

Analytical thinking

Communication skills

Team collaboration

Job description

Our client is seeking Retail Underwriting Analysts to join their affordability team where you will be responsible for assessing retail credit applications supported by creditworthiness and affordability data to determine lending decisions, ensuring credit is affordable and results in good customer outcomes.

Successful candidates will be working with a high level of accuracy to prescribed processes and strict deadlines as part of a high-quality team.

Responsibilities:

• Interpret and analyse customer data such as credit report, open banking reports and/or payslips and bank statements to identify and validate income and expenditure
• Analyse the data to identify any key financial vulnerabilities
• Utilise internal income and expenditure models to form a lending decision and progress the decision to either approve or refer to a senior underwriter as appropriate
• Review and verify customer documentation, ensuring accuracy and completeness in accordance with company policies and regulatory standards
• Handle queries and escalations internally and externally in a proactive and solution-orientated manner
• Work closely with colleagues across the credit and sales teams to ensure clear understanding and communication of credit processes and requirements

Essential skills & experience required:

• Minimum of 1 years’ experience in a credit or lending based role within the financial services sector
• A strong understanding of UK regulation, credit risk principles and risk assessment considerations
• Working knowledge of consumer lending environments and CONC 5 is highly desirable
• Excellent analytical and problem-solving skills with the ability to make informed decisions based on data and regulatory guidelines
• Strong communication skills, both written and verbal with the ability to present findings clearly and concisely
• A team player who can collaborate with team members and wider colleagues across the business

To express your interest in this opportunity, don’t delay; please click apply now.

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• Location: Hybrid/Milton Keynes (First week in office for training and then 1 day per week in office - this could be flexible, dependent on experience)

Momenta are a UK market leading financial services resourcing business. Momenta have excellent opportunities to develop and enhance your career within the financial services industry. If you have the skills and experience for this exciting role then apply today and don’t miss out on this exceptional opportunity to join the company that provides quality resource, consulting expertise and people development for financial services companies in the UK.