Senior Underwriter

Abound; London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading financial services company in London is seeking a Senior Underwriter to assess risk and ensure compliance with underwriting guidelines. The ideal candidate will have extensive experience in underwriting, strong analytical skills, and the ability to manage others. This role offers a competitive salary, equity ownership, and a hybrid work environment.

Benefits

Equity ownership

Hybrid work with 3 days in the office

25 days holiday plus 8 bank holidays

2 paid volunteering days

One month paid sabbatical after 4 years

Employee loan

Free gym membership

Salary sacrifice scheme for electric vehicles

Team wellness budget

Qualifications

• Minimum two years’ experience as an underwriter, preferably in a senior role.
• Strong understanding of targets and a desire to achieve collective goals.
• Proficiency in data analysis and evaluation.

Responsibilities

• Evaluate unsecured credit applications using Open Banking data.
• Collaborate with underwriters and senior management across departments.
• Provide guidance to junior underwriters and assist in training.

Skills

Analytical skills

Data analysis

Decision making

Attention to detail

Time management

Job description

About Abound

We’re on a mission to make affordable loans available to more people. Using the power of Open Banking, we have built state-of-the-art technology that allows us to look beyond traditional credit scores and offer fairer credit to people ignored by traditional lenders.

We have two parts of our business. On the consumer side, we have Abound. Abound has proven that our approach works at scale, with over £650 million lent to-date. While other lenders only look at your credit score, we use Open Banking to look at the full picture – what you earn, how you spend, and what’s left at the end.

On the B2B side, we have Render. Render is our award-winning software-as-a-service platform that allows Abound to make better, less risky lending decisions. And less risky decisions mean we can offer customers better rates than they can usually find elsewhere. We’re taking Render global so that more companies, from high-street banks to other fintechs, can offer affordable credit to their customers.

About the Team

We are a successful financial services enterprise that offers personal loans in the UK. Our mission is to increase access to affordable loans by looking beyond credit scores- we consider a person's earnings, spending habits and overall financial health to drive our lending decisions. We launched in March 2021 and have grown exponentially since, with further exciting plans for the future.

We pride ourselves on bringing affordable lending to the market whilst making the right decisions based on the individual rather than their credit report. Our determination, approach, and resourcefulness have set us apart from our competitors for the better.

We have an open plan office, encouraging lateral communication of different departments to bolster both individual and collective expertise, knowledge, and collaborative support, where you can apply your experience and skills to further develop and improve aspects of the business and yourself.

How we work:

Shifts: Monday-Friday 8am - 8pm (shift patterns).

One Saturday a month- returned in Overtime or time in lieu.

Bank holidays – Minimum of two bank holidays per year- returned in Overtime or time in lieu.

About the role

We are seeking a highly skilled Senior Underwriter to join our team. In this role, you will assess risk and ensure compliance with underwriting guidelines. The ideal candidate will have extensive experience in working to targets, underwriting, strong analytical skills, and be confident in managing others.

What you'll be doing:

• Evaluate unsecured credit applications utilising data from Open Banking and credit reference agencies to ascertain applicant creditworthiness and drive responsible decisions.

• Collaborate with other underwriters and senior management across multiple departments within the business alongside external clients/partners.

• Support Team Leaders in times of absence.

• Aid in developing processes and procedures, and always striving for improvements.

• Maintain a strong understanding of industry regulations, staying up-to-date with changes in the financial industry that may affect underwriting decisions.

• Provide guidance to junior underwriters, assist in training and supporting new joiners, quality control and feedback.

Who you are:

• Minimum two years’ proven experience as an underwriter, preferably in a senior role

• Strong understanding of the importance of targets

• Target-driven with an understanding and desire to achieve our collective goals.

• Proficiency in data analysis and evaluation.

• A developed understanding of fraud/AML, customer vulnerabilities and a keen eye for detail/recognising concerning trends.

• Healthy IT and mathematical foundational knowledge with excellent written English and communication skills.

• Ability to make informed decisions under pressure and to be able to pivot in a fast-changing environment

• Ability to work independently and take steps to enhance own knowledge when and where required to enrich yourself and the wider team.

• Exceptional personal organisational skills, time management and a strong work ethic.

What we offer

• Everyone owns a piece of the company - equity

• Hybrid with 3 days a week in the office

• 25 days’ holiday a year, plus 8 bank holidays

• 2 paid volunteering days per year

• One month paid sabbatical after 4 years

• Employee loan

• Free gym membership

• Save up to 60% on an electric vehicle through our salary sacrifice scheme with Loveelectric

• Team wellness budget to be active together - set up a yoga class, a tennis lesson or go bouldering