Lead Underwriter - Commercial Lending

Yorkshire Building Society
Leeds, UK
13 Sep 2019
02 Oct 2019
Contract Type
Full Time
YBS has ambitious growth plans for commercial lending, expanding geographically and by product. To ensure this expansion is carried out safely and responsibly, appropriate underwriting is vital. The Commercial Underwriting team has been relocated to Leeds which makes this Lead Underwriter role a rare opportunity for a talented leader to make their mark by building a new, successful team. This is the perfect time to join YBS and really make a difference.

What You'll Do

You'll be responsible for the leadership, Training and Competency ("T&C") and coaching of a small team of underwriters, ensuring appropriate professional standards are met and that lending policy is adhered to.

You'll engage and motivate the underwriters towards delivering YBS' purpose - to provide real help with real life.

As well as leading the team, you'll be required to get hands on and underwrite cases too so you'll need to be a subject matter expert. You'll assess and approve complex new mortgage lending deals to commercial investment, corporate buy-to-let and commercial owner occupied borrowers, ensuring they are in line with our risk appetite, policy and commercial ambitions. You'll also assess and approve applications relating to existing commercial lending customers such as additional lending, change to repayment terms, lease consents, partial redemptions, security requests and equity transfers.

You'll provide constructive challenge and support to the Portfolio Management team on their higher risk/value annual reviews to ensure that any potential issues or concerns are identified and raised and the appropriate strategies implemented to protect YBS' position. You'll also provide constructive challenge and support on the management of material arrears and "watchlist" cases, ensuring appropriate strategies are implemented to minimise losses.

It's important for you to have commercial awareness and up-to-date knowledge on the state of the market. This includes knowledge on the lending complexities associated with various commercial lending types and sectors and knowledge on the economic/regulatory outlook and the impact this may have on YBS.

How You'll Do It
  • You'll have a proven ability to successfully lead a small team, ensuring they are engaged around the business purpose and strategy.
  • You'll be comfortable operating within a T&C scheme and understand the activity required to ensure appropriate competency is attained and maintained.
  • You'll have direct experience of commercial underwriting, ideally via having held a lending mandate.
  • You'll evidence that you can appropriately underwrite complex commercial cases in ambiguous situations, ensuring the best outcome for both YBS and our customers.
  • You'll have a strong understanding of the techniques used by lenders and investors to assess commercial investment, corporate buy-to-let and commercial owner occupied lending (all three types preferred).
  • You'll bring knowledge of the commercial mortgage market, sectors, regulation and products.
  • You'll have the ability to constructively challenge others in order to achieve the best results for the business.
  • You'll be keen to share your expertise in commercial credit risk management with your colleagues.
Life at YBS

In addition to the usual benefits such as competitive salary, annual bonus and healthcare packages we offer you...

Flexibility - Whether it's picking up the kids from school or catching that early morning yoga session we have you covered.

Celebrating Success - From everyday thank you cards, to our annual 'Raising the Roof' gala to celebrate our golden ticket winners we acknowledge our colleagues successes no matter how big or small.

Giving Back - Fancy 31 hours of paid leave a year to get involved in community activities? Together last year, we completed more than 11,000 hours of volunteering!

Inclusivity - We don't just accept difference - we celebrate it, we support it, and we thrive on it for the benefit of our colleagues, our customers and our community. We are proud to be an equal opportunities employer.

Site Perks - Some of our sites have added little extras such as a gym, restaurant and free parking at our Bradford site, roof garden in Leeds, and on-site restaurant and free parking at our Peterborough site.


If you've got a solid background in Commercial Lending and you want to develop a career in an empowering, respectful and supporting business then why not join us?

Our people are our heart and soul; we're commercial and caring, big enough to offer you a challenge and small enough for you to make a real impact. We're devoted to putting people first and doing the right thing by providing real help with real life.

We'd love to hear from you so why not apply today and be Your Brilliant Self!

Any questions please contact Jon Jagger via email at

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