Senior Underwriter – Asset Finance

Leasing Life; Essex; On-site; GBP 55,000 - 75,000; Full time

Benefits offered by this job

Car allowance

Company benefits

Job summary

A financial services company in Essex is seeking a Senior Underwriter to manage credit applications and ensure compliance with company policies. Responsibilities include underwriting business proposals, participating in meetings, and maintaining credit turnaround times. The ideal candidate possesses strong financial analysis skills and experience operating in a regulatory environment. This hybrid role offers a salary between £55k-£75k plus benefits.

Qualifications

• Experience in asset finance or wholesale motor finance is an advantage.
• Skilled in financial analysis for credit purposes.
• Knowledge of operating in a regulated environment.

Responsibilities

• Manage credit applications principally within hard asset sectors.
• Underwrite and decide on new business proposals according to credit policies.
• Evaluate processes to mitigate corporate risk and improve credit processes.

Skills

Underwriting business credit applications

Financial analysis

Knowledge of AML/KYC tools

Communication skills

Team player

Job description

Senior Underwriter – Asset Finance

Location: Essex (Hybrid)

Salary: £55k-£75k plus car and benefits

We are looking to recruit an underwriter with either asset finance or wholesale motor finance experience to join our Essex-based client.

In brief, you will ensure all new business applications are underwritten prudently and managed according to company policy and procedures and cost‑of‑risk targets.

Your main activities

• Be responsible for the management of credit applications, principally within hard asset sectors
• Examine, analyse, underwrite and decide on each new business proposal ensuring that these are within agreed Company Credit Policies
• Produce analyses of customers’ accounts and prepare Credit Application Forms containing a detailed recommendation of the above personal underwriting authority in order that a higher sanctioning authority will be able to sanction the proposed loan
• Obtain further information concerning an application as required and interface with customers to resolve credit‑related questions, including on‑site visits where appropriate
• Participate in regular meetings and conference calls with colleagues, introductory sources and third parties to review business and develop processes
• Provide support as required to maintain company service standards in terms of credit turnaround times across all market sectors
• Organise or participate in regular and ad‑hoc Credit Committee meetings or calls to make recommendations when necessary
• Evaluate the processes to mitigate corporate risk, initiating and implementing continuous credit process improvements
• Ensure policies are communicated, complied with and understood by the team
• Provide accurate and timely reports in the formats and frequencies required

Your knowledge, skills and competencies

• Skilled and experienced in underwriting business credit applications an advantage
• Highly skilled in financial analysis for credit underwriting purposes, contract documentation and legal/ fiscal requirements to manage the portfolio in line with corporate goals
• Knowledge and experience in operating in a regulated environment using all AML/KYX tools
• An understanding of asset management and collections‑related processes
• Possess excellent people skills and be an effective team player
• Excellent communication skills ‑ both oral and written

Contact Julie for more information: 01279713900