Credit Insurance Portfolio Underwriter
We are supporting a fintech enabled MGA who are spun from an established mortgage business, offering insurance products into lenders to cover their products/portfolios. This is a well backed business who are looking for this hire due to growth, and have an exciting plan to push forward and potentially set up a captive or syndicate before long.
We are looking for a candidate with credit underwriting experience, who has worked with complexed portfolios, ideally relating to property/real estate market as well as somebody who wants to be part of something that is growing.
This is a great time to get involved as you'd work closely with the CCO to build their plans, define the products, and capitalise on the business they already have in play. You will be underwriting lender portfolios and monitoring their performance, analysing credit performance, helping shape unique new products in a highly innovative environment, and ensuring strong risk controls across insured mortgage books.
Key areas of focus
* Underwriting new lender partners and product variations
* Reviewing loan tapes and portfolio data
* Monitoring arrears, defaults, loss trends and concentrations
* Producing portfolio MI and underwriting recommendations
* Assessing the quality of lender controls and risk processes
* Supporting claims governance and risk analysis
* Contributing to product and underwriting enhancements
The Credit Underwriter we are looking for will have:
* 3-7 years experience in credit insurance underwriting, portfolio credit risk or secured lending
* Strong understanding of credit insurance lines of business, and ideally residential property market
* Ability to analyse portfolio performance and credit data
* Comfortable writing clear underwriting papers and risk commentary
* Hands-on, analytical mindset suited to a high-growth environment
* Any experience with Lloyd's syndicate work would be highly advantageous
Why Join?
* Opportunity to join am ambitious MGA building innovative products where there is high visibility of your contribution
* Exposure to senior decision makers and product development
* A role combining underwriting, portfolio analytics and strategy
* Strong long-term career progression as the business scales
This role is based full time in the city with some flexibility once bedded in to the team.