Underwriting Manager (Interim)

Vargo Recruitment LTD
Cardiff, UK
20 May 2019
06 Jun 2019
Contract Type
Full Time
Vargo is delighted to be partnering with Optimum Credit to recruit an Underwriting Manager for a newly created role to be based in Cardiff. This role is currently being offered on an interim basis for a period of up to 1-2 years.

Optimum Credit is one of Wales' fastest growing financial services companies and is quite simply a great place to work. Launched in October 2013, we have already advanced mortgage funds to our customers totalling more than £800 million.

At Optimum, we really do believe that it's our people who are our main competitive advantage, the 'thing' that sets us apart from our competitors. To this end, we want to ensure that we recruit and retain the very best people.
"We have bold ambitions, but ones we know we can achieve with the right people on board. With that in mind, we are always
looking for exceptional people"
Sam Marshall, Chief Executive Officer.
Role Overview
The main purpose of this role is to set up, implement and manage the CRE underwriting division which will form a fundamental part of this new business offering for Optimum Credit. This is a brand-new role resulting from the growth of the business and an appetite to develop new revenue streams and increase funds under management.

This is a unique opportunity to be involved in all aspects of the project development, including helping shape the required risk framework and Lending Policy, and working collaboratively with internal stakeholders and external third parties.

The successful candidate will be a commercial underwriting expert, with significant experience of working within a commercial lending environment, supporting Business clients. Leading a team of Underwriters, they will aim to maximise the number of pay-outs from the applications submitted, whilst ensuring the loans fit with our lending criteria and regulatory obligations.
Role Purpose
  • Managing the underwriting team(s) and associated activity in line with policy and procedure guidelines including mandates, exceptions and credit committee recommendations
  • Ensuring all mortgage applications and loan modifications are processed in line with mortgage policy, procedures and service level expectations
  • Developing, maintaining and updating the CRE Underwriting Policy
  • Utilising personal lending mandate to underwrite commercial real estate mortgage applications, further advances and loan modifications in line with Optimum's lending policy, ensuring the principles of conduct risk, TCF, responsible lending and all relevant regulatory principles (e.g. KYC, AML) are observed
  • Work with the broker community to encourage lending and build the number of loans under management
  • Work with the Optimum Credit Risk and Technical teams to develop the Risk frameworks and automated decision-making engines
  • Recruit, train and develop the underwriting team(s)
Remuneration Package
  • Negotiable depending on experience
  • Discretionary bonus based on personal performance/contribution
  • Life assurance
  • Private healthcare
  • Contributory pension matched to 8%
  • 25 days holiday + bank holidays (and a day off for your birthday)
  • State of the art new office facilities
  • Cycle to work scheme

This job was originally posted as www.totaljobs.com/job/86170651

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