Senior Underwriter

Posted 21 June by City & Capital
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City & Capital are delighted to be supporting a fast growing & highly respected investment house and commercial property finance lender who are on a huge growth curve, driven by strong investment, and ambitions to be the leading player in their sector.

Our client supports property development and investment professionals with access to small or large property backed loans for key projects. The products on offer include bridging finance, development exits, BTL, portfolio BTL and commercial term mortgages. Deal sizes can range from c£250k - c£50m+.

The lender has plans to double the size of their loan book over the coming period which requires substantial lending volumes. Due to this they have been busy increasing the size of their sales force with a view to identifying and introducing more loan applications for assessment.

Due to this, our client is keen to identify and appoint an experienced, confident and forward thinking Underwriter to their growing team, at an exciting time.

This is a role that comes with a lot of support and development to assist you in enhancing your technical underwriting skills within the role. Our client operates a very strong & proven promote within policy, with the natural next step for this role to attain 'Senior Underwriter’ status within the company.

This is made all the more likely by plans to double the size of their operation over the next 12 months, having achieved the same feat four times in the last four years!

So this really is a 'career opportunity’ for someone, as opposed to 'just another job’

The Underwriter position reports directly in to the 'Head of’ department and will support the management of a pipeline of cases from point of origination by the BDM team, to completion. To do so, you will work closely with the lenders case management team who will assist with preparing cases for assessment. Once received you will undertake a full review of the loan application, ready to make recommendations for funding to senior management/the credit committee.

To achieve the required within the role you can expect to work closely with the businesses BDM’s & brokers to assess & support their deals from a credit management perspective. You will manage and maintain your own pipeline of loans for sanctioning and ensure activity is undertaken to allow loans to be funded in line with SLA’s.

In addition to managing your own pipeline of cases, you will also work with the Senior Underwriters members on their ultra complex cases to develop your skillset to allow you to grow. As noted, our client lends large value loans to complex borrowers and so this element of the role and learning can be critical for future success.

Due to the nature of the role the ideal individual must have experience of underwriting property backed loans. This type of role may suit a Junior Underwriter looking to take a step up for more responsibility, or an existing Underwriter from the property finance sector.

Confidence working in a fast paced and dynamic environment will be key. This role is not a tick box exercise, thus experience in the mortgage or commercial property finance sector is critical to be qualified for this position.

Underwriter - Required Experience:

  • Current or previous property finance underwriting experience required
  • A good knowledge of credit principles associated with property lending
  • Demonstrable success against objectives in previous roles key
  • Experience in dealing with brokers and borrowers directly is sought after

Ideal Personal Attributes:

  • Highly analytical & numerical with a strong attention to detail
  • Happy working in a dynamic and fast paced environment
  • Confident diary manager and results orientated against set deadlines
  • Ambitious and keen to drive career forward within
  • Equally confident working alone or as part of a team

The salary on offer is up to c£75k, which will be relevant to experience and performance at interview, as you would expect. Higher offers may also be considered for exceptional experience.

In addition our client operates two excellent bonus structures for this position that will reward you for the success that you bring to the company. This structure is uncapped and will assist you with increasing annual earnings substantially based on your delivery. Happy to discuss the detail.

Most notably, due to the exciting level of investment and funding at play, as well as the progressive and forward thinking culture of the business, this is a genuine opportunity for you to propel your own earnings and career standing quickly within, once excellent performance has been delivered.

This role will be based in the lenders lovely Mayfair offices, Monday - Friday.

Required skills

  • Bridging
  • Commercial Real Estate
  • Credit Risk
  • Mortgage Underwriting
  • Underwriting

Reference: 50318568

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