Senior Bridging Underwriter
Senior Bridging Underwriter
£35,000 - £65,000 + Bonus
Hours: Monday - Friday 9am - 5pm
Location: Central London
Purpose of the Senior Bridging Underwriting Role:
Underwrite approved (complex) bridging loan & Development loan applications within company lending criteria and within personal lending mandate.Ensure that the principles of the ESIS or DIP are adhered to, in full, throughout the processing of the application. Accurately assess the risk attributed to the application ensuring that the loan is both suitable and fit for purpose. Identify any potential fraudulent activity and escalate any concerns to compliance. Communicate effectively with relevant parties on the loan building successful working relationships with solicitors and valuers. Understand and assess credit reports, documentation relating to verification of employment/self employment and valuation reports. Have the confidence to approve/reject applications in line with policy and to communicate your decision to interested parties. Provide excellent customer service to internal and external customers alike.Follow and keep up to date with current best practice and regulatory requirements in line with company training..
·Successfully assess and underwrite loan applications in line with prevailing credit policy
·Creation and maintenance of professional and open relationship with business providers
·Identification of incomplete or contradictory information received and successful resolution of risk and/or issue
·Recommends loans to the Underwriting Manager and Credit Team where they fall outside of the lending mandate held
·Does so with clarity and good judgment
·Participates in and contributes to departmental meetings including making suggestions to improve processes or (where applicable) amend policy
·Demonstrates a full understanding of regulation as it affects loans and keeps abreast of potential/actual changes
·Be responsible for training and overseeing newly appointed Underwriters
·Take management responsibilities within the Underwriting team
·Help progress Assistant Underwriters to become Underwriters
·Assist with special projects that may be appointed
·Represent the company at external functions
·Minimum 3 years current underwriting to include holding a suitable lending mandate and a current lending mandate in bridging.
·Hands-on knowledge of loan processing systems.
·Knowledge of regulation as it affects bridging loans and proven ability to implement those principles throughout the underwriting process.
·Excellent communication skills.
·Reasoning ability - problem solving, maturity of judgement.
·Interpersonal skills - positive communication.
·Self management - initiative, flexibility, management of change.
·Contribution - Confidence to suggest amendments to process or policy
·Good standard of education
Exciting opportunity for an experienced Bridging Underwriting Manager to earn a good salary with excellent benefits!
For more information regarding the role of Underwriter and Senior Underwriter please contact Rico Iheagwara at Samuel James Recruitment