Underwriting Manager Bridging

Posted 21 May 2024
Salary £75000 - £80000 per annum + Hybrid + Excellent Benefits
LocationCity of London
Job type Permanent
Discipline Banking Operations
ReferencePB2105_1716282769
Contact NamePaul Butterfill

Job description

Kennedy Pearce are partnering with a London based Private Bank who offer Hybrid working in recruiting a Bridging Underwriting Manager

JOB FUNCTION

  • To be responsible for supporting, managing and motivating a team of Bridging Underwriters to meet key objectives
  • To be responsible for maintaining credit quality within the Bridging department.
  • Managing the Underwriters in the maintenance of credit standards and liaising with Quality Assurance in respect of ongoing monitoring and reporting

KEY RESPONSIBILITIES

  • Make lending decisions in line with Credit Risk Policy, Bridging Lending Procedures and individual mandate level
  • Work alongside the Heads of Unregulated/Regulated Underwriting and Quality Assurance to provide training to the Underwriting Team
  • Work alongside the Sales Team to provide deal structure guidance and underwriting support
  • Review and sign off of Credit Paper submissions, Offer Letters and files for completion
  • Monitoring of Underwriter's WIPs to ensure the appropriate allocation of cases across the team * Ensure that applications are progressed within the designated SLAs as per the Business Standards document
  • Complete people management activity within the team, including monthly 1 to 1's, performance monitoring and objective reviews
  • Adhere to internal policy and regulatory requirements - FCA, PRA, AML, Prevention of Financial Crime, and Data Protection etc.

ESSENTIAL EXPERIENCE REQUIRED

  • Previous managerial experience of an underwriting, credit or lending team within a bridging/mortgage environment
  • Held a lending mandate
  • Ability to collaborate, build trust and influence at all levels
  • Strong understanding of the regulatory environment
  • Managing and prioritising work for a team of people