Credit Underwriter - Asset Finance & Structured Finance - Basingstoke, largely office based with some flexibility
{JLinkedShare} Written by Louise Clavey Published: 14 February 2024 Created: 14 February 2024
Excellent salary, benefits and career opportunities.
We are looking for a Credit Underwriter with experience in Asset Finance, and Block Funding/ Structured Finance to join a fast growing lender The candidate will be required to analyse and assess credit proposals received from a panel of Brokers and Business Development managers.
The job holder will be able to assess credit proposals within their delegated authority limit, make recommendations based on financial and non-financial performance and must be able to work to tight deadlines and adhere to a service levels and provide excellent customer service.
Key Responsibilities:
* Guide, manage and coach junior underwriters.
* Evaluate a customer’s credit data and financial statements in order to determine the degree of risk involved in lending to them using key financial ratios.
* Analyse affordability measures, financial crime risks and fraudulent applications.
* To assess and approve credit proposals within delegated authority and make Credit Management.
* Assess both Broker Introduced business and Structured Finance business against Policies and appetites.
* Assess loan book trends and make recommendations to improve the risks to the Bank.
* Review financial and non-financial covenants set or proposed for customers and provide recommendations.
* Provide industry regulatory support and understanding to the business in order to strengthen future frameworks.
* Produce reports on trends, volumes and data relating to applications to senior management.
* Reconcile credit files and identify discrepancies.
* To build and maintain flexible working relationships with internal and external stakeholders.
* Adhere to credit policy, credit guidelines, service levels and his/her own delegated authority.
* Assist the COO in automation of credit process and decisioning where applicable.
The Candidate:
* Proven experience working in a credit role within the financial services industry or specific asset finance experience.
* Understand the relevant UK Regulatory requirements relating to the provision of credit facilities in these jurisdictions including KYC processes.
* In depth understanding of financial statements, ratios, and principles of lending.
* Excellent interpersonal and communication skills are essential as this role will involve influencing at all levels.
* Knowledge of Block Discounting, purchase/assignment of receivables and wider Structured Finance products.
* Possibly have experience of leading a team, and representing the Credit Dept in meetings and at senior levels.
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