Full job descriptionCity + Capital are currently representing an established & growing short-term property finance lender who are expanding their team ahead of exciting objectives.
They require a proactive & ambitious Senior Underwriter who will join to support deal assessment and structuring for both bridging and development finance loans.
This is an outstanding opportunity for an individual who is keen to progress their career within complex real estate finance lending and is also a role that comes with plenty of opportunity to progress internally too.
The Company
Our client is renowned for their support to property developers and investors that are seeking access to debt for important real estate projects.
Having operated in the market for over a decade they truly understand the needs & demands of the market and work together with brokers to access borrower requirements.
With an established presence and a strong reputation for providing a responsive and commercially minded service, the business continues to focus on developing its lending proposition and strengthening its internal capabilities.
The company prides itself on its collaborative approach, combining sound credit principles with an understanding of the commercial requirements of borrowers and brokers.
The company is targeting exciting growth due to strong backing, and this hire represents a broader company growth across key departments.
Role Overview
As Senior Underwriter, you will play a very important role within the credit cycle.
Within the role, you will focus on larger or more complex lending applications for bridging or development finance. You will take a commercial view on applications and manually underwriter each case to understand funding viability.
You will structure loans according to requirements and work alongside the credit policy. You will attend credit committee meetings to make recommendations on funding and to discuss opportunities that may sit outside of policy.
As a Senior team member, you will report to the directors and will have important mentoring responsibilities for junior team members. You will utilise the junior team to support your activity, whilst also supporting theirs.
As part of this, you will take ownership of the application pipeline and ensure that activities are priorities are meeting the needs of borrowers.
Finally, it is expected that you will have close involvement with the senior team in respect to the development and enhancing of credit policies, principles and underwriting processes and standards.
Responsibilities
*Assess & make recommendations on bridging and development loans
*Review property security, borrower circumstances, exit strategies and transaction structures.
*Identify, evaluate and mitigate lending risks in accordance with credit policies.
*Structure commercially appropriate lending solutions while maintaining robust credit standards.
*Prepare detailed credit proposals and present recommendations to credit committee.
*Manage an active pipeline of applications through the underwriting and completion process.
*Ensure transactions progress efficiently and within agreed service standards.
*Liaise with brokers, solicitors, valuers and other professional partners throughout the lending process.
*Build and maintain strong relationships with internal stakeholders and external introducers.
*Review supporting documentation and ensure lending conditions are appropriately satisfied.
*Provide guidance, mentoring and technical support to junior underwriting colleagues.
*Contribute to improvements in underwriting processes and the overall customer experience.
Candidate Requirements
The ideal candidate for this role will demonstrate a minimum of 2 years’ experience in a similar role. Bridging and/or development finance experience is key.
You will be commercially minded and technically capable underwriting professional who combines strong analytical skills with excellent communication and relationship management abilities.
You will be comfortable taking ownership of lending decisions, managing competing priorities and supporting colleagues in a fast-paced lending environment.
*A minimum of 2 years’ experience in bridging &/or development finance
*Strong understanding of credit assessments and deal structuring
*Experience assessing and structuring property-backed lending transactions
*Ability to interpret financial information, property valuations and exit strategies
*Experience preparing credit recommendations and presenting lending cases
*Strong organisational skills with the ability to manage multiple live transactions
*Excellent communication skills and confidence dealing with brokers and professional partners
*A proactive, solutions-focused approach to underwriting
*Strong attention to detail and sound commercial judgement
*Willingness to mentor and support less experienced colleagues.
On Offer
The successful candidate will receive a competitive basic salary of up to £60,000, dependent upon experience and suitability. High offers may be considered for exceptional talent.
Alongside the basic salary, the business offers access to a company bonus scheme that can significantly increase annual earnings.
Importantly, this opportunity offers genuine longer-term career development. The business prefers developing and promoting talent internally, with the potential for a successful individual to progress as excellent performance is delivered.
This aligns with our client’s preferences and growth plans.
Next Steps
Due to the development & progression potential, this role will not be available for long!
If this role sounds like one that you are both qualified for and interested in, then we look forward to receiving your application as soon as possible.
Once we have reviewed your application, we will be in touch with an update. We look forward to hearing from you.
The City + Capital Team