Student Loans Underwriter

£35000 - £40000 per annum
01 Apr 2019
29 Apr 2019
Recruitment Genius Ltd
Contract Type
Full Time
Student Loans Underwriter

This company is looking for a high-calibre unsecured postgraduate student loans underwriter to join their growing team in London.

The ideal candidate should be passionate about education finance and will be responsible for making sound underwriting decisions on postgraduate student loans that are based on evaluating a range of defined variables including (but not restricted) credit reports. This position analyzes loan applications and makes sound underwriting decisions and counter-offers as appropriate.

The main responsibilities of the position include:
- Analyses loan applications, utilizing a sophisticated scoring model to assess risk
- Strong understanding of affordability concepts/measures and the ability to apply this technically
- Approves loans within designated loan approval authority level
- Performs verification through credit report and a variety of other documents
- Displays initiative to propose improvements to policies and procedures where appropriate
- Reviews loan documentation to ensure compliance
- Participates in monitoring the automated decision software for accuracy and appropriateness
- Documents file progression to keep all interested parties informed
- Uploads documentation to imaging system
- Able to communicate with customers as required and if appropriate
- Able to apply commerciality of the business within the context of their role as underwriter

Main requirements:-
High school diploma or university degree a plus but not essential
- Minimum 3 years experience evaluating/underwriting unsecured consumer loan applications required; experience in underwriting Higher Education Finance a plus
- Able to interpret and apply the Company's policies and procedures
- Strong analytical skills for calculating lending rations, conduct loan risk analysis and properly identify credit issues, fraud and/or other associated lending risks and to offer viable and creative loan alternatives while staying within risk tolerance
- Demonstrates a thorough understanding of underwriting criteria for all loan types
- Analytical ability to conduct an analysis of applicant's credit status and recommend alternatives when appropriate
- Knowledge of recovery process a plus
- Experience with finance computations, lending calculators and general consumer loan applications
- Comprehensive understanding of loan contracts including APR, amortization schedules and simple interest calculations
- Excellent organisational and time management skills to meet service levels with quality underwriting to protect the Company from undue risk
- Excellent interpersonal and communication skills to communicate ideas effectively at all levels within the Company and to customers
- Proficient in Microsoft Office software, especially Word and Excel

Benefit from:
- Attractive remuneration package
- Private health insurance
- Intellectually stimulating work environment
- Continuous personal development and international training opportunities


Similar jobs

Similar jobs