Role
Working closely with the Commercial & Product, Operations and Risk teams to support Financial Intermediaries and SMEs in underwriting a range of loans across the Buy-to-Let (BTL) product set.
Company
Founded in a melting pot of ideas, with the power to make others shine. At Birmingham Bank we exist to make impossible dreams become possible. Empowering people’s ambitious journeys. Through work. Through life.
Born over 60 years ago to enable ironmongers to thrive, the Bank prides itself on being a collaborative and diverse workplace where staff are supported to bring their full selves to work. We offer hybrid working options, a modern office space located in the heart of Birmingham and a range of benefits designed to allow you to operate at your best.
Trustworthy, Ambitious and Dedicated are the values we live by and through which we support our customers' ambitions. Birmingham Bank - Better Banking, Made for You.
Responsibilities
Reporting to the Underwriting Team Leader, the successful candidate will be responsible for assessing new lending applications for risk and quality, whilst adhering to the Bank’s policies and risk appetite. This includes preparing detailed underwriting notes in support of credit proposals, approving and rejecting applications in line with policy and maintaining system records to a high standard. You will be required to communicate decisions with Sales and Operations colleagues and Financial Intermediaries (Brokers) in a transparent and constructive manner.
The Bank is propelling its BTL proposition into 2025, therefore you should expect regular change and enhancement of systems, processes and policies. This role presents an opportunity to join a small, but growing team of underwriters, who have a determination to deliver exceptional levels of service.
Key Tasks
* Analysing loan applications to support intermediaries and their customers, reviewing documentation for completeness, assessment of valuation reports, and adherence to credit policy.
* Ensuring compliance with legislation and regulatory requirements.
* Provide a timely decision, whether this be an accept or a decline; to be able to ask for further information and be accountable for this, should questions be asked.
* Present as a point of contact for queries in relation to underwriting decisions, both with internal and external stakeholders.
* Be confident providing feedback on the quality and wholeness of applications.
* To consistently work in an efficient and productive manner, being curious and raising opportunities for process improvements, with perspective from a colleague and an intermediary viewpoint.
* Produce clear and concise risk analysis and maintain robust underwriting records.
* Provide an excellent standard of customer service, contributing effectively to the Bank’s Service Level Agreements (SLAs) and Objectives and Key Results (OKRs).
* To act, at all times, in line with the Bank’s core values of being trustworthy, ambitious and dedicated.
Experience
* Minimum 1-year mandated experience underwriting BTL products, with a proven critical analysis of information pertaining to the financial standing of prospective borrowers.
* Ability to underwrite manually, according to the Bank’s credit policy, across multiple BTL types including HMO and MUB properties, limited company.
* Portfolio underwriting experience is desirable, but not essential.
* Strong understanding of regulatory requirements, including the Prudential Regulatory Authority (PRA) and the FCA Handbook.
Qualifications & Personal Characteristics
* A passion for delivering an exceptional customer experience with a customer-centric approach to work.
* High attention to detail, and sound and reasoned judgement, based on an independent and thorough analysis of facts and relevant factors, including internal policies and regulations.
* The ability to work in a team environment and build strong working relationships with peers to contribute to team goals.
* Be an effective communicator and talented collaborator, who can bring colleagues together to reach the best way forward for the customer and the Bank.
* Strong numerical and time management skills, working to tight deadlines to ensure tasks are completed within agreed timeframes.
* Eager to learn and grow with the Bank, being genuinely excited about this unique opportunity!
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