Underwriter

Connect Recruitment; Burnham; On-site; GBP 40,000 - 55,000; Full time

Job summary

A recruitment agency is seeking an Underwriting Specialist in Burnham, England. This role involves assessing the risk of customer credit and financing, ensuring compliance with credit policies while maintaining service level targets. The ideal candidate has at least three years of underwriting or credit analysis experience, preferably in the automotive or consumer finance industry. Practical experience with scorecard design is advantageous.

Qualifications

• Minimum 3 years of experience in underwriting or credit analysis.
• Experience in the automotive or consumer finance industry is a plus.
• Practical experience with scorecard design and testing.

Responsibilities

• Assess the risk associated with extending customer credit.
• Manually underwrite dealer proposals per company policy.
• Analyze financial statements to reach lending decisions.

Skills

Underwriting experience

Credit analysis

Financial statement analysis

Job description

Overview

Job Title: Underwriting Specialist

PURPOSE SUMMARY: The Underwriting Specialist role is to assess the risk associated with extending customer credit and financing.

Responsibilities

The Underwriting Specialist will assess this risk by manually underwriting dealer proposals in accordance with the company credit/underwriting policy rules and in accordance with service level adherence targets. The Underwriter is responsible for ensuring that the quality of their underwriting decisions is in accordance with company tolerances and credit policy rule sets.

As part of the manual underwriting process, the Underwriter will undertake the appropriate analysis of retail customers\' financial statements in order to assist in reaching timely and accurate conclusions on the Referral (e.g., Accept or Decline decision). This information, coupled with an analysis of the customer\'s repayment capacity, will enable the Underwriter to reach the appropriate lending decision.

The Underwriting Specialist will utilise the Genus system to achieve acceptance decision targets. Using a proactive approach to work management and service level adherence, the Underwriter also uses the Genus system to help self-manage their work queues. This will ensure that work queues are reviewed and actioned in accordance with agreed proposal status review targets.

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