Bridging Underwriter

4 weeks ago


London, United Kingdom Kennedy Pearce Consulting Full time
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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