Senior Credit Underwriter - Real Estate Finance

Recruiter
Chamberlain Career management
Location
Melton Mowbray, UK
Salary
Competitive
Posted
29 Jul 2019
Closes
08 Sep 2019
Ref
1215189976
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Senior Credit Underwriter

The Business

A regionally focused alternative lending platform who provide Residential Property Development loans to SME Property Developers and House Builders to fund small scale developments.

Role Summary

The Senior Credit Underwriter (SCU) role is a hybrid role that is responsible for both the underwriting function whilst also supporting the operational processes relating to the lending activities of the business.

The SCU will be responsible for the management, implementation and continuous development of back office systems and processes that underpin the businesses SME lending offering, namely underwriting, loan administration, collections and portfolio management. Alongside the MD the DCO will also develop processes which lead to the development of the alternative lending platform.

Core Responsibilities

General

Portfolio Management - responsible for the management of the lending portfolio; building and maintaining a balanced portfolio in accordance with stated credit and risk appetites. Monthly analysis to be undertaken of the portfolio and a report to be prepared monthly for the Board and the Credit & Risk sub-committee.

Pending Business Log - record all new loan applications; detailing the status of each new application, along with the current status of each existing loan.

Undertake an active role in the management and development of all relevant professional panels.

Attend quarterly meetings of the businesses Credit & Risk sub-committee.

Continually Evaluate the operational procedures and working practises to ensure maximum efficiency and effectiveness.

Be mindful of and remain connected with the social purposes of the business and the need to deliver more than a financial return to those parties who invest in the business.

Credit / Underwriting

Run the day to day underwriting and collections function - overseeing a wide range of operational activities alongside managing customer relationships. These include but are not limited to: performing credit analysis, establishing direct communication channels with applicants and borrowers, issuing loan agreements, identifying delinquent accounts, taking direct collections action and addressing customer complaints.

Evaluate and underwrite new applications using financial statements, credit reference agencies and third-party information to make decisions in accordance with the Credit Policy. Use analytical skills to ensure risk is appropriate for each application approved.

Maintain credit files on an ongoing basis.

As required, engage with Non-Executive Directors of the Board and Credit & Risk sub-committee members to consider and support out of policy lending.

Operations

Support all operational activities of the business and help translate the company's strategic plans into defined operational plans.

Design and seek to continuously improve new business processes to deliver the aspirational operating model agreed. This includes, but is not restricted to, defining operating rules and policies, assigning operational roles and responsibilities and integrating manual operations with IT systems. Additionally, identifying and selecting technology partners and outsourcing functionality where deemed appropriate.

The Person

You will come with significant Real Estate Finance experience, including Residential Development, having worked in a Commercial Bank or alternative lenders Credit Risk function as an underwriter with Credit Operations experience being desirable.

Reward

This is a chance to play a significant leading role in building a business and influencing it's overall success. You will be rewarded with a basic salary of between £55k and £60k PA (negotiable) plus other benefits and bonus. The business offers flexible working practices from an hours and location perspective.

Similar jobs

Similar jobs