Credit Underwriting – VAC-11409

Job Title: Credit Underwriter   

• Permanent, full time
• Windsor
• up to £26,000 – £32,000 + Bens + Fully in office working
• VAC-11409

PURPOSE SUMMARY:

Your responsibilities are to play a key role in evaluating the financial status of business loan applicants, determining the risk of lending to them, and making recommendations based on findings. This includes liaising with the risk department if there are any possible uncertainties or if any second opinions are needed during the underwriting process.

Key Responsibilities:
• Evaluate creditworthiness and risks of business loan applications by analysing financial data including income, business bank statements, HMRC overviews & contractual agreements that can guarantee work.
• Utilise financial and credit data, market trends, and industry data to assess risk and make an informed lending decision to pass onto the risk team.
• Contact the applicant by telephone to discuss findings during the underwriting process and address queries raised. Be able to effectively extract the necessary information from the
client, whilst building rapport, relationships and understanding of the client’s needs from their loan application journey.
• Maintain an understanding of and comply with all relevant lending regulations, including those from financial regulatory bodies and internal lending policies.
• Prepare and present loan recommendations to the risk committee, detailing applicants’ credit histories, financial strengths/ weaknesses and other relevant factors.
• Collaborate with Business Development Executives and the Broker Management team as well as applicants to obtain necessary information and resolve any issues with applications.
• Provide excellent customer service to loan applicants by promptly responding to questions and concerns from loan applicants, explaining the underwriting process, and communicating decisions effectively.
• Continually update knowledge of company’s loan products and underwriting standards.
• Ensure all work undertaken is vetted and reviewed with correct due diligence and all Anit Money Laundering concerns are flagged appropriately

KNOWLEDGE, EXPERIENCE, QUALIFICATIONS:
• 2years’ experience in an underwriting or credit analyst position in financial services
• Experience in the consumer finance industry is advantageous.