OVERALL SUMMARY
At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.
Join the Close Brothers Asset Finance (CBAF) team in Chester where you will play a vital role in the flow of new business, by ensuring the credit-worthiness of proposed financial applications across four core businesses, Manufacturing, Finance For Industry (FFI), Construction & Recycling and Agriculture.
Working as part of the local Credit team, you will use your strong financial acumen to ensure accurate and timely approvals of credit applications, ensuring the team's SLAs are met and ultimately that we provide a great service to our customers.
To be successful in this role, you will have a strong background in credit underwriting, ideally within the Asset Finance industry. You'll be highly numerate, with excellent critical thinking skills and will posses the ability to build and maintain effective working relationships with colleagues both in person and remotely.
RESPONSIBILITIES
* Underwrite business propositions and undertake credit assessments, ensuring CBAF credit risk standards, procedures and authorities are met, that broader transaction risks are identified, evaluated and mitigated
* Maintain a good working knowledge of typical CBAF product types – e.g., Regulated and non-regulated Hire Purchase, Finance and Operating Lease, Stocking facilities, etc.
* Assess asset values and depreciation, with an awareness of market appetites and with reference to 3rd party valuers, internet comparisons, known sector guides – e.g., CAP - auction sites, dealers, and their own and others’ personal knowledge and experience.
* Verify broader group credit limits as appropriate and thereby ensuring correct use of mandated authority.
* Demonstrate a proactive and positive approach to supporting the Sales, Operations and Collections functions.
* Ensure credit queues are well managed and SLAs and KPIs met.
* Undertake site/customer visits, as required, along with trade shows, to ensure awareness of ongoing trends and developments within the various sectors the role supports.
WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE/ARE:
* Experience of underwriting hard assets and commercial finance products in a B2B environment.
* Good and demonstrable understanding of company financial statements, management accounts and key ratios involved in determining credit worthiness and affordability.
* Excellent written and verbal communication skills.
* Able to build and maintain effective working relationships with both internal and external stakeholders.
* Proven track record of working to tight SLAs
* Effective analytical and problem-solving skills
IT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU:
* Experience with specific assets from across the various industrial equipment sectors is highly desirable, but not essential
We are an inclusive organisation and committed to ensuring our recruitment process is as accessible as possible to everyone. We will make adjustments for people who have a disability or long-term condition. If you need the job description or application form in an alternative format or would like to discuss the recruitment process with us, please email us at or request a call back.
ABOUT US
At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.
Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. We employ approximately 3,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250.