Underwriter

Connect Recruitment; England; On-site; GBP 30,000 - 50,000; Full time

Job summary

A financial services company in the UK is looking for an experienced Underwriting Specialist to assess the risk of customer credit. The role involves analyzing dealer proposals and financial statements to make timely lending decisions. Candidates should have at least 3 years of underwriting experience, preferably in the automotive finance sector. A practical knowledge of scorecard design is advantageous. This position offers the chance to impact financial decision-making.

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 according to company policies.
• Ensure quality of underwriting decisions aligns with company tolerances.
• Analyse retail customers' financials for timely lending decisions.
• Reach appropriate lending decisions based on customer repayment capacity.
• Utilise the Genus system for decision targets and queue management.

Skills

Risk assessment

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

• Assess risk by manually underwriting dealer proposals in accordance with the company credit/underwriting policy rules and in accordance with service level adherence targets.
• Ensure that the quality of underwriting decisions is in accordance with company tolerances and credit policy rule sets.
• Analyse retail customers' financial statements to assist in reaching timely and accurate conclusions on referrals (e.g., Accept or Decline).
• Using the information gathered, along with an analysis of the customer’s repayment capacity, reach the appropriate lending decision.
• Utilise the Genus system to achieve acceptance decision targets and proactively manage work queues to ensure reviews are conducted in line with agreed proposal status review targets.

Knowledge, Experience, 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