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Finance / Legal
Underwriter - Bridging
@Allica Bank
[Hiring] Underwriter - Bridging @Allica Bank
Apr 08, 2025 - Allica Bank is hiring a remote Underwriter - Bridging. đź’¸ Salary: unspecified. đź“ŤLocation: UK.
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Role Description
The purpose of the role is to underwrite borrowing requests received via a variety of channels in line with the Bank’s approved Credit Policy and in accordance with the Banks asset portfolio (including but not limited to Residential Investment properties, Commercial and Semi-Commercial properties and refurbishment drawdowns).
- Assess and underwrite credit loan applications within personal discretion, in line with all regulatory requirements, the Bank’s credit appetite policy and underwriting policies utilising appropriate credit data and analytical tools.
- Produce clear, accurate and concise written documentation, making clear recommendations to the Credit team for loan application requests falling outside of personal discretion or outside of credit policy, escalating cases where necessary to the appropriate Delegated Lending Authorities.
- Manage and own the end to end application process, from initial enquiry to completion, liaising effectively with valuers, asset managers and the panel solicitors in terms of required security and ensure loans are appropriately documented and borrowing is fully secured before draw-down.
- Taking ownership of the loan post-completions all the way through to repayment of the loan including interest payments, stage drawdowns, conditions subsequent and loan covenants and recovery action where necessary.
- Liaise with the Credit team as required in managing the credit risk environment, concentration risk and developing credit policy.
- Undertake regular checks and monitor agreed controls to ensure the Bank’s risk and customer requirements are met at all times; escalating immediately any areas of concern.
- Manage a portfolio of advances to a defined arrears and collections policy.
- Liaise effectively with applicants (or their brokers) and valuers in requests for additional relevant information to support the credit decisioning process.
- Deliver an excellent service is given to customers, their brokers and Relationship Managers, building and maintaining strong relationships in line with the Bank’s values and defined customer experience standards.
- Ensure compliance with all mandatory policies and adherence to credit procedures to maintain internal credit controls.
- Fully understand and comply with operational procedures, requirements and SLA’s.
- Help develop appropriate MI and KPI indicators and reporting, maintaining suitable MI to enable a detailed understanding of Mortgage processing pipeline.
Qualifications
- Exposure/knowledge of underwriting (particularly manual underwriting) with experience in the Bridging sector, with an understanding of the competitor landscape and the dynamics and trends of the Bridging market.
- Excellent credit/financial analysis skills including the analysis of financial accounts, budgets and cashflow forecasting, understanding of the loan underwriting process and the risks involved and be able to assess applications within a personal discretion and make recommendations and take commercial decisions.
- Experience of escalating and presenting at Credit Committee level and Arrears Management.
- Strong analytical, verbal and written communication skills.
- Excellent time management, organisation and prioritisation of workload and able to produce quality work whilst in a fast-paced environment.
- Ability to build strong and lasting relationships with internal stakeholders such as the distribution team, operations team and senior management, plus 3rd party suppliers such as Intermediaries, Valuers and Solicitors.
- Understand and comply with all regulatory requirements, plus internal policies / procedures, guidelines, risks and controls and service levels.
- Good understanding of TCF, AML, KYC and Conduct risk.
- Technology skills – CRM systems, MS Excel and Word.
Benefits
- Full onboarding support and continued development opportunities
- Options for flexible working
- Regular social activities
- Pension contributions
- Discretionary bonus scheme
- Private health cover
- Life assurance
- Family friendly policies including enhanced Maternity & Paternity leave
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| đź“Ť | Be aware of the location restriction for this remote position: UK |
| ‼ | Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more. |
Back to Remote jobs >
Finance / Legal
Finance / Legal
|
Salary
đź’¸
unspecified
|
Remote
Location
UK
|
|
Job Type
full-time
|
Posted
Apr 08, 2025
|
️
| đź“Ť | Be aware of the location restriction for this remote position: UK |
| ‼ | Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more. |
