Overview

Our client, a fast-growing innovative property finance company that's redefining the market in what it means to deliver fast, customer-focused financial solutions within the property lending sector. Backed by significant institutional funding and driven by technology, they are building a smarter way to serve brokers, developers, and investors in the UK market. Their board and exec team is made up of over 150 years of high tier banking experience. They are now seeking a Head of Underwriting for the Bridging division to manage an existing team of 3 underwriters.

Responsibilities

• The currect team assess new finance applications to ensure that they meet credit policy. Underwriting the loan from receipt of the valuation fee to completion ensuring credit risk is managed and deadlines met.
• Assess and underwrite new finance applications.
• Conduct due diligence on applicants.
• Conduct due diligence on properties.
• Ensure all data on our back-office finance processing systems are up-to-date.
• Liaise with and instruct Solicitors and Surveyors
• Liaise with and instruct Quantity Surveyors where applicable.
• Liaise with external Introducers.
• Keeping files in order & ensuring that files are complete before funding.
• Assist the Customer Services Team post completion, when required.
• Provide excellent communication links between customers and external providers.
• Follow and keep up to date with current regulatory requirements.
• Ensure documentation is collated and stored in line with Company policies.
• Work on additional projects for the business when required.
• Ensure that the business is performing efficiently, suggesting process improvements that will not detract from managing credit risk.
• Providing training to colleagues to ensure knowledge is shared.
• Working effectively to ensure company costs are minimised.
• Structuring finance deals to optimize risk / return
• Operate various systems as required including Eiger trading platform, Veriphy, Experian, Land Registry
• Work with Business Development Managers and Administration teams to ensure new and existing relationships with introducers are proactively maintained.
• Working with BDM's on new deals to ensure that new enquiries are within appetite and meet credit policy.
• Liaise with Internal and External Credit Committees to ensure any questions are answered promptly and accurately.
• Arrange approval and document any amendments to existing loans
• Monitoring and review of existing loans, regular reporting to credit committee
• Oversee the Due Diligence and Loan Closing process. Including:
• Reviewing Due Diligence reports and ensuring appropriate steps are taken too mitigate highlighted risks.
• Acting as a first point of contact for any questions on DD and loan closing

The ideal candidate will have;

• Proven man management / team management skills
• Proven experience in the Bridging sector
• Excellent communication skills.
• Ability to work alone and in a team.
• Strong analytical skills.
• Ability to work with Microsoft Outlook, Word and Excel.
• A high attention to detail.
• Good negotiating skills.
• Able to work under pressure and meet deadlines.
• Good technical knowledge
• Good investigative skills to review borrower backgrounds
• Good quality education - undergraduate degree (or higher)
• Able to oversee the production of high quality and accurate written materials
• Articulate and professional manner - able to communicate unsupervised with executives from institutional investors (e.g. VP's in top-tier global Private Equity / Insurance / Pension Fund businesses) regarding potential and existing loans.