Kennedy Pearce are partnering with a London based Private Bank who offer Hybrid working in recruiting a Bridging Underwriter. This role offers hybrid working.
JOB FUNCTION
* Respond to requests from bridging finance from brokers/applicants for regulated and unregulated transactions
* To manage the underwriting and due diligence process from loan application to loan drawdown
KEY RESPONSIBILITIES
* Make lending decisions in line with Credit Risk Policy and individual mandate level
* Manage a pipeline of Bridging applications from application to credit approval and drawdown to help the department achieve its annual target
* Adhere to internal underwriting policy and regulatory requirements - FCA, PRA, Money Laundering, Prevention of Financial Crime, Data Protection, etc.
* Work with Sales to progress cases from decision in principle to drawdown
* Prepare detailed credit papers with all appropriate conditions and present the proposition to Bridging Credit Committee
* Prepare and review offer letters
* Proactively ensure that all pre-commencement loan conditions have been satisfied and progress the case efficiently to drawdown
* Ensure that all post-completion activities have been completed in accordance with the Bank's Policy and Process
* Approval of Credit Papers which are clearly and accurately drafted with a sufficient degree of background and ancillary knowledge of the case together with identification of any key risks with mitigations where appropriate
* Review of signed offer letters and files, in line with your mandate
Essential Experience Required
* An ability to analyse, negotiate and structure potential bridging loans in line with credit policy and present to Credit Committee when required
* An ability to form and maintain close working relationships with intermediaries, professionals e.g. solicitors and valuers and the Sales team
* Previous Bridging, Underwriting or lending experience within the property environment, preferably within both the regulated and unregulated market
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