Underwriting Specialist

Esure Group PLC; City of Westminster; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading insurance provider in the UK is seeking an Underwriting Specialist to manage customer credit assessments and financing risks. The ideal candidate will have over three years of experience in underwriting or credit analysis, preferably within the automotive or consumer finance sectors. The role involves working with the Genus system to ensure compliance with company policies and achieving decision targets while analyzing financial statements accurately. A proactive approach and a solid understanding of credit policies are essential.

Qualifications

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

Responsibilities

• Assess risk associated with extending customer credit and financing.
• Undertake analysis of retail customer financial statements.
• Ensure underwriting decisions comply with company policies.

Skills

Experience in an underwriting or credit analyst position

Knowledge of financial services

Familiarity with scorecard design and testing

Tools

Genus system

Job description

Underwriting Specialist

The Underwriting Specialist role is to assess the risk associated with extending customer credit and financing. The Underwriter will assess this risk by manually underwriting dealer proposals in accordance with the company credit/underwriting policy rules and 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 customer financial statements to assist in reaching timely and accurate conclusions on the referral ("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, ensuring that work queues are reviewed and actioned in accordance with agreed proposal status review targets.

Job Type: Permanent

• 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