Head of Bridging Finance

Head of Bridging Finance

A fantastic opportunity has arisen for a pragmatic, customer focused and commercially-minded professional with experience in all areas of Bridging Finance management to support our internationally renowned Financial Services client based in Tower Hill as Head of Bridging Finance. The successful candidate will have the opportunity to help create a legacy free bridging proposition for the new bank. Working alongside the Head of Credit and Director of Savings, the role holder will help support the implementation of a new bridging system and set up an underwriting and operational support function. We are looking for a hands-on person who is both an underwriter and understands how an operational support function should run who relishes the opportunity to create a new bridging division.

Main responsibilities will include;

* Develop and support the implementation of the bridging strategy for the Bank
* Create an operational support function for management of the bridging function to deliver a high-quality customer experience
* Support development of the Bank’s bridging system solution, provided by DPR, and user acceptance testing
* Build underwriting procedures, parameters and controls
* Lead the delivery of product design and pricing to deliver the Bank’s lending requirements
* Recruit and develop a support function to provide a high level of service to the Bank’s borrowers and brokers
* Manage relationships with key third party suppliers to deliver the Bank’s plans e.g. distributors, brokers, surveyors, solicitors etc.
* In conjunction with legal, compliance and risk, establish a control framework including policies and procedures
* Develop competitor analysis and market intelligence to inform decision making for customer acquisition and retention
* Liaise with Brokers on new and existing cases, assessing each case against the lending criteria to identify and assist in a successful completion
* Propose and present new product offerings to develop the Bank’s proposition
* Provide underwriting service from application to completion, underwrite BTL, Residential, Commercial, Auction Bridging Loans and Commercial mortgage applications in accordance with the lending policy, TCF and responsible lending principles within authorised mandate
* Present to credit committee with recommendations on all cases outside of mandate
* Identify and implement improvements to processes and customer service

To be considered for this fantastic opportunity, ideal candidates must have the following experience/skills;

* Minimum 3-5 years Underwriter (property secured lending) experience
* Ideally experience of leading a bridging function and support team
* Experience in all areas of Bridging Finance – Purchase, Refurbishment and Development, 2nd charge lending, Commercial mortgages and lending to both Individuals and Businesses
* Detailed understanding of the mortgage intermediary market and related FCA permissions
* Strong understanding of organised fraud and measures/systems in place to avoid it
* Demonstrate comprehensive understanding of TCF, MCOB, MCD, Responsible lending and financial / regulatory knowledge applicable to the role
* Desirable, but not essential, someone with a working knowledge of DPR systems

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