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Commercial Mortgage Underwriter

Stellar Select Limited
Job LocationNewport, Gwent
EducationNot Mentioned
Salary£50,000 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, full-time

Job Description

Job Title: Commercial UnderwriterLocation: Newport with flexibility to work from homeSalary: £50,000Hours: Monday - Friday 9am - 5pmBenefits:

  • Competitive salaries
  • 28 days holiday, plus bank holidays PLUS a day off on your birthday to help you celebrate!
  • Private healthcare, (optional after 6 months service)
  • Stakeholder Pension Scheme - which sees the employer contribute a massive 10% on top of your 3% contribution
  • Life Assurance - 4 times your basic salary life cover for all staff members
  • Employee Assistance Programme - 24-hour confidential service
  • Opportunity to purchase additional holidays
    • About the roleOur client is looking for experienced Commercial Underwriters with strong underwriting capability and the skills to develop relationships and lead negotiations with brokers and clients.The role of the Commercial Underwriter is to drive profitable growth through effective underwriting, understanding risk management and delivery of superior service. As part of the Commercial team, you will pride yourself on providing a tailored commercial underwriting service to clients and brokers across Wales and England.Responsibilities for the role of Commercial Underwriter
  • Underwriting of Loan Applications in line with policies / and pricing model in a professional and competent manner
  • Management and control of each sanctioned Loan from application to drawdown
  • Prepare detailed Summary Underwriting notes in support of individual credit proposals (where appropriate) for the Credit Committee / Board with recommendations / conditionality and then approve loans against agreed lending criteria.
  • Manage annual renewal submissions and requests for further advances / variations.
  • Accurately assess the risk attributed to each application.
  • Approve and reject applications in line with policy and to communicate your decision to Lending Managers / internal staff.
  • To be fully conversant with documentation in support of lending proposals and resultant security requirements. This will include verification of key items such as credit searches, bank statements, financial accounts, property valuations, QS reports and business appraisals to make informed lending decisions.
  • For development loans subsequent validation and authorisation of further advances
  • Build successful working relationships with external contacts such as panel surveyors, solicitors, and QS firms, with a view to building sources of new business.
  • Liaising with internal teams such as administrators, Lending Managers and Finance / Treasury Depts
  • Assist with the successful development of processes and procedures for the new Commercial Lending Department. This will include drawing up of detailed procedure manuals, supporting documents and internal financial reports.
  • To effectively manage a pipeline of cases through to completion, ensuring service standards and the lending policy guidelines are complied with throughout.
  • Liaising with key stakeholders such as the Prudential Regulation Authority
    • Experience required for the role of Commercial Underwriter
  • Degree or equivalent
  • At least 3 years manual underwriting experience for a lender with knowledge and understanding of Commercial Property Lending, both investment and development.
  • Excellent communication skills (both written and oral)
  • Strong analytical ability
  • Ability to structure transactions and work closely with Lending Managers.
  • Experience within the Specialist Property Lending sector and Residential Property Development Finance sector.
  • Ability to work in an agile and flexible way.
  • Ability to think creatively.
    • For more information regarding the role of Commercial Underwriter please contact usStellar Select is acting as an employment agency and is a corporate member of the RECDue to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days Required skills
  • Commercial
  • Lending
  • Mortgage
  • Underwriting
  • Underwriter

    • Keyskills :
    Commercial Lending Mtgage Underwriting Underwriter

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