Bridging Finance Underwriter up to £30,000 - £50,000
Bridging Finance Underwriter
Salary up to £30,000 – £50,000
Monday – Friday9am – 5pm
A Lender in Manchester is looking for a Bridging Finance Underwriter to come on board and do the following.Purpose:·To pro-actively respond to requests for bridging finance.·To manage the underwriting and due diligence process from loan application to loan drawdown.·To hand over to the Loans Administrators, a complete file which has been scanned into Virtual Cabinet in accordance with the Bank’s Policy and Process.Key responsibilities:·Responding directly to requests for bridging finance.·Analysing the proposition and providing an indication of whether it is something that can be taken forward.·Where a proposition is rejected for whatever reason, providing details to the Internal Sales Function.·Following initial analysis and the obtaining of the appropriate level of approval, issuing a Decision in Principle.·Preparing a Credit paper and presenting the proposition to Credit Committee.Key measures and indicators of success:·Responding promptly to enquirers / brokers.·The prompt preparing and issuing of clearly and accurately drafted Decisions in Principle.·The timely instructing of appropriate valuers and solicitors.·The preparation of Credit Papers which are clearly and accurately drafted.·Presenting Credit propositions to Credit Committee with a sufficient degree of background and ancillary knowledge of the case and the borrower to answer questions and / or deal with issues that may arise at Credit Committee.·Preparing offer letters for signing which accurately reflect the terms and conditions imposed by Credit Committee.Skills and Competence:·Ability to analyse, negotiate and structure potential bridging loans in line with credit policy and present to Credit when required.·Ability to form and maintain close working relationships with intermediaries, and professionals, e.g. solicitors and valuers.·Ability to communicate on different levels, both verbally and in writing.This is a fantastic company that offers a great salary and excellent benefits, apply now if you have the skills above and you'll be contacted shortly.