Senior Underwriter

Job Title:Senior Underwriter

Location: Hybrid 2 days a week in London, based in the City

Salary: Up to £85,000 depending on experience

Hours: Monday to Friday 9 am - 5.30 pm

Benefits:

• Pension 8% employer contribution
• 25 days holiday rising by one day every three full calendar years to a max of 30) plus bank and public holidays
• Holiday purchase scheme
• Private medical cover
• Group income protection
• Life Assurance
• Yulife
• 24/7 Access to a doctor
• Season ticket loan
• Professional membership fees
• Cycle to work scheme.
• Gym health centre discounts or corporate gym membership with one set provider
• Personal dental cover
• Personal life insurance cover

About our client:

Our client is a specialist bank, helping UK businesses realise their ambitions.
Based in the specialist mortgage division launched two years ago the division has evolved to provide a wider range of specialist mortgage solutions including short-term lending, bridging, buy-to-let and HMO as well as commercial and semi-commercial mortgages

The Specialist Mortgages department undertakes unregulated lending in the following asset classes: Buy-to-let including HMOs and short-term lets, Semi Commercial, and Short Term Loans. The primary purpose of this role is to be an underwriter within Specialist Mortgages. As part of the underwriting team, the role holder will have responsibility for underwriting mortgages across all of the asset classes within Specialist Mortgages, operating within the boundaries set by lending policy. This is a risk-based function and operates as the gatekeeper for the quality of lending decisions in Specialist Mortgages. The Underwriter should be a commercial-minded risk advocate able to balance risk and reward without putting the bank at risk through poor lending decisions

Responsibilities required for the role of Senior Underwriter

• Mentoring and training support to new /less experienced colleagues on the Bank's appetite, policy and procedures, providing mandate sign-off for decisions as required.
• Recommending team colleagues for new or enhanced lending mandates
• Management of higher profile and higher value deals for the Bank
• Management of data, audit and regulatory queries from other parties
• Providing guidance to the Lending manager, Lending Assessor and Servicing colleagues on lending and portfolio issues that arise.
• Delivery of lending decisions based on an overall consideration of risks and mitigants to risk, with the level of underwriting applied to each case being proportionate to the risk. Ensure low levels of arrears and losses whilst balancing the requirement to be seen as a flexible and balanced lender in the specialist sector
• Propose developments and enhancements to the lending policy to evolve the lending policy
• Compliance with the lending and credit policies applicable to the business line including management of large exposures and concentration risk.
• Leading by example to ensure the customer is placed centrally in the conduct of all staff, ensuring that products and services are designed and delivered in a manner which is and remains appropriate to their needs, treats them fairly and ensures a fair outcome for them over time.
• Ensuring policies, limits, regulations and laws are followed within the team, or elsewhere in the Bank
• Working effectively individually and as a team with the various functions of the division to enable them to carry out their duties and operations.

Experience required for the role of Senior Underwriter

• An experienced underwriter in the residential buy-to-let, commercial/semi-commercial and short-term lending sectors
• Risk awareness with balanced judgement
• Experience within specialist lending will be essential
• Delivery of excellence in customer service, customer-centric approach

For more information regarding the role of Senior Underwriter please contact us

Stellar Select is acting as an employment agency and is a corporate member of the REC

Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days