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 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 Underwriter, your primary responsibility will be to support new applications, undertaking initial deal assessments and where viable, structuring loans for approval.
To achieve this, you will liaise with internal team members as well as external partners, such as brokers and the professional panel, to ensure the relevant information and documentation is available to assess.
You will be guided by the company’s comprehensive credit policy and would be expected to assess aspects such as borrower security, financials and valuations.
Critically, you will be key in ensuring that the business meets important borrower SLAs. To achieve this, you will undertake activity that ensures priorities are managed and that time management is optimised.
You will ensure accurate borrower records and reports at all times.
This role offers excellent exposure to a variety of property finance transactions and provides the opportunity to further develop your technical underwriting knowledge within a business that values professional development and internal progression.
Responsibilities
*Assess and underwrite bridging and development finance applications
*Review borrower information & documentation, property security & valuations
*Identify potential lending risks and recommend appropriate structures
*Assess the viability of proposed transactions against the lender’s credit criteria
*Work closely with brokers and borrowers to obtain information
*Liaise with solicitors, valuers and other professional partners
*Structure lending proposals appropriately
*Ensure applications are progressed efficiently and in line with SLAs
*Maintain accurate underwriting records and supporting documentation
*Work collaboratively with colleagues across underwriting, credit and operations to support successful loan completions
Candidate Requirements
Our client is looking for an individual who can demonstrate at least one year’s experience in a similar role, whether in bridging, development or both.
The traits of the ideal candidate will include a strong attention to detail, an ability to managing priorities & competing interests, the ability to manage multiple loans simultaneously, excellent communication skills and a strong collaborative approach to success.
Ideally, you will demonstrate:
*At least 1 years’ experience in bridging and/or development finance
*A good understanding of property security and lending financials
*Experience reviewing lending applications and assessing associated credit risks
*An understanding of property valuations, legal processes and loan documentation.
*Strong analytical skills and the ability to make considered commercial decisions.
*Excellent organisational skills with the ability to manage multiple transactions.
*Confident communication skills when dealing with brokers, borrowers and professional partners.
*A proactive approach to problem-solving and progressing lending applications.
*The ability to work effectively both independently and as part of a wider team.
On Offer
The successful candidate will receive a basic salary of up to £45,000, dependent upon experience and suitability for the position. 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 towards a Senior Underwriter position as their experience and capabilities develop.
Should this be achieved then you may expect salary growth and career progression internally.
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