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Head of Underwriting

Head of Underwriting

Posted 24 April by Stellar Select Limited Featured Ended

Job Title: Head of Underwriting

Location: Reigate, Surrey

Salary: Up to £100,000 per annum depending on experience


  • Bonus of up to 40%
  • Pension: Personal 5% contribution, 10% company/employer contribution
  • PMI
  • Life cover
  • 25 days holiday

About the role

We have a superb new role for a Head of Underwriting to be responsible for lending risk oversight and the underwriting policy of the retirement lending business. The role holder will be responsible for the design, development and implementation and oversight of the underwriting policy to ensure best practice risk management standards. You will develop and maintain the lending risk framework and audit model and audit adherence to the policy by the Property underwriting teams in operations. The role holder will also review case referrals from the Underwriting teams for exceptions to the policy.

Responsibilities and Experience required for the role of Head of Underwriting

  • Chairperson of lending and/or credit risk committees
  • Work with Actuarial, Investment and other stakeholders to ensure the financial performance of the property portfolio and mortgage products are monitored and remedial actions are put in place as required
  • Owner of the end of term redemptions policy
  • Provide expert opinion regarding the valuation of property portfolios on aby back book transactions
  • Provide leadership on all matters of property risk both internally and externally
  • Develop new underwriting policies as required for the growth of the retirement lending business (e.g credit underwriting, arrears management etc)
  • Manage, organise and motivate your direct reports
  • Accountable for retirement lending underwriting strategy and policy
  • Act as a technical property expert for referral of complex and difficult cases
  • Authorise NNEG claims
  • Produce MI to monitor the effectiveness of new business underwriting and the risks in the property portfolio
  • The ideal candidate will have experience gained in a similar role in a senior capacity
  • Ability to build appropriate underwriting strategy
  • Excellent verbal, written and interpersonal skills
  • Significant experience gained within retirement/lifetime lending or experience within residential/buy to let lending is essential
  • Ability to present complex underwriting concepts in a clear and concise manner

For more information regarding the role of Head of Underwriting please contact us

Stellar Select is acting as an employment agency and is a corporate member of the REC

Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days

Required skills

  • Lending
  • Mortgage
  • Underwriting
  • Equity Release
  • Head Of

Reference: 34976756

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