Specialist Underwriter

Ultimate Banking Ltd; Slough; Hybrid; GBP 40,000 - 50,000; Full time

Job summary

A leading vehicle finance provider in Slough is seeking an Underwriting Specialist to assess financial risks associated with customer credit. The role requires expertise in manual underwriting, financial analysis, and communication with brokers. Ideal candidates will have 3+ years in a similar position and knowledge of the automotive finance industry. Competitive benefits include a cash contribution for a company car, 25 days holiday, and pension plan.

Benefits

25 days holiday

7% employer pension

3 x life cover

BUPA cover

Company car cash contribution of £2600 per annum

Qualifications

• 3 years’ experience in an underwriting or credit analyst position in financial services.
• Experience in the automotive or consumer finance industry is advantageous.
• Practical experience with scorecard design and testing.

Responsibilities

• Assess risk by manually underwriting dealer proposals.
• Analyse retail customer’s financial statements.
• Communicate with Brokers/Dealers effectively.

Skills

Quantitative analysis

Qualitative analysis

Understanding financial statements

Underwriting and credit practices

Communication skills

Job description

Overview

This is a great opportunity to join a well established and prominent vehicle finance provider where you can shape the mobility solutions of the future. If you want to use your manual underwriting talents to grow and improve in this in a dynamic environment this role may be for you. The purpose of the Underwriting Specialist role is to assess financial risk associated with extending customer credit and financing.

Responsibilities

• Assess risk by manually underwriting dealer proposals in accordance with credit/underwriting policy rules and service level adherence targets.
• Undertake the appropriate analysis of retail customer’s financial statements coupled with an analysis of the customer’s repayment capacity
• Utilise the Genus system to achieve auto acceptance decision targets and to help self-manage work queues.
• Answer inbound dealer and Account Manager enquiry calls in accordance with average speed of answer targets
• Answer inbound Payout and Activation enquiry calls and ensure Team Leader is aware of potential issues associated with proposal backlog
• Undertake testing and tuning of the retail and commercial scorecards
• Meet individual telephone statistic goals
• Participate in tuning of any predictive risk modelling
• Communicate with Brokers/Dealers by phone, email and webchat

Requirements

• Capable of undertaking quantitative and qualitative analysis; the ability to review metrics/financial ratios and supporting information and be able to understand what they mean for each proposal
• Understand financial statements (balance sheets, income statements, cash flow)
• Able to interpret reports, extracting non apparent information
• Thoroughly understand underwriting and credit practices and procedures
• Ability to operate, upon training, a credit decision and workflow management system
• Ability to talk and type at the same time
• 3 years’ experience in an underwriting or credit analyst position in financial services
• Experience in the automotive or consumer finance industry is advantageous.
• Practical experience with scorecard design and testing
• Comfortable with a Shift pattern: M- Fri - 9-5.30 (3 days in office then one in 3 weeks 10.30-7pm (wfh) Once a month a weekend (wfh) with 2 days off in lieu.

Benefits

In return they offer: 25 days holiday, 7% employer pension, 3 x life cover, BUPA cover, PLUS a company car cash contribution of £2600 per annum