An Underwriting Specialist is required by the financial services arm of a major automotive brand based close to Slough, Berkshire. Reporting to the Underwriting Manager the major purpose of the Underwriting Specialist is to assess the company's financial risk associated with extending customer credit and financing.
PRINCIPAL ACCOUNTABILITIES OF THE UNDERWRITING SPECIALIST:
The Underwriting Specialist will assess this risk by manually underwriting dealer proposals in accordance with the companies credit/underwriting policy rules and in accordance with service level adherence targets. The Underwriter is responsible for ensuring that the quality of their underwriting decisions is in accordance with the companies tolerances and credit policy rule sets. As part of the manual underwriting process, the Underwriter will undertake the appropriate analysis of retail customer’s financial statements in order to assist in reaching timely and accurate conclusions on the Referral (e.g., “Accept” or “Decline” decision) This information, coupled with an analysis of the customer’s repayment capacity, will enable the Underwriter to reach the appropriate lending decision.
The Underwriting Specialist will utilise the Genus system to achieve auto acceptance decision targets for the company. Using a proactive approach to work management and service level adherence, the Underwriter also uses the Genus system to help self-manage their work queues. This will ensure that work queues are reviewed and actioned in accordance with agreed proposal status review targets.
- Underwrites in accordance with credit policy rules, retail portfolio quality and service level adherence targets Ensure Underwriting work queues are reviewed in accordance with agreed work queue status review targets Self manages own work queue Answers inbound dealer and Account Manager enquiry calls in accordance with average speed of answer targets Answers inbound Payout and Activation enquiry calls as required Ensures Manager is aware of potential issues associated with proposal backlog Undertake testing and tuning of the retail and commercial scorecards Meet individual telephone statistic goals Adhere to formal company and regulatory processes and policies Participate in tuning of any predictive risk modelling (in conjunction with the Manager and or Collections personnel) Review SLA adherence and performance reports (in conjunction with Manager)
The ideal candidate will have 3 years’ experience gained in an underwriting or credit analyst position in financial services, experience in the automotive or consumer finance industry is advantageous and in return you will receive a salary of between £25k-£30k + excellent other benefits.
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