Buckinghamshire Building Society is currently seeking a Head of Underwriting to join our Mortgages team. Reporting into the Head of Operations, the successful candidate will have responsibility for the Mortgage Underwriting team, ensuring high customer care standards and service level standards are maintained, mitigating risk all the while operating in a highly regulated environment. The Society underwrites all lending cases manually which entails assessing complex cases. The candidate will also actively contribute to various projects focusing on business and core banking continuous and process improvement.
The main responsibilities will include:
* Manage and maintain the integrity of the Mortgage book by leading within mandates and the Society lending policy.
* Be the subject matter expert in specialist underwriting for niche products that the Society offers.
* Assess complex mortgage applications when out of line of the Society lending policy.
* Actively drive agreed Society productivity and service standards.
* Undertake control checks on the Underwriting team.
* Ensure timely lending decisions are made within the agreed SLA’s.
* Demonstrate prudent lending decisions within the Society risk appetite.
* Authorising lending cases within approved mandates.
* Delivering a first-class personalised service that includes keeping the customers or intermediaries informed of any delays.
* Communicate with Brokers and intermediaries on declined cases and provide objective feedback as appropriate.
* Be responsible for new product criteria assessment.
* Lead, coach and mentor the Underwriting team.
* Confidently present cases to internal committees and our Board of Directors.
* Ensure physical and transitional climate risks are suitably managed for new mortgage business.
* Ensure compliance within current regulatory requirements, Society standard lending policy.
The ideal candidate will have:
* Experience of leading a team of Underwriters.
* Significant experience in manual underwriting.
* Experience of dealing with brokers, intermediaries and packagers.
* Strong analytical experience.
* Experience of ProVision (desirable).
* Effective communication skills and stakeholder management.
* Ability to work both independently and collaboratively within a team.
About Us:
The Buckinghamshire Building Society was founded in 1907 and as a Member owned Mutual, with no shareholders, our emphasis is firmly on providing value to existing and new Members through competitive savings and mortgage products. We source mortgages across the full range of product niches via a nationwide broker network and funded by a constantly evolving retail savings book. We have approximately 10,000 savings customers and nearly 2,000 borrowers. We are a highly progressive society with very strong capital and liquidity foundations, a strongly growing business based on evolving risk management, excellent regulatory relationships and striving to be the best small building society in the country. Our internal culture places enormous emphasis on our Society Values. As a society we value tangible involvement with our local community and frequently support local events, schools, clubs and charities. Doing the right thing is at the heart of everything we do, and we do it the Bucks Way.
The Buckinghamshire Building Society is an equal opportunities employer and is committed to actively promoting diversity and inclusion.
Please send all applications to:
Email: recruitment@bucksbs.co.uk
Seniority level
* Director
Employment type
* Full-time
Job function
* Finance and Sales
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