Credit Underwriter

2 weeks ago

Coventry, United Kingdom Leasys Full time

The successful candidate will join the Credit & Underwriting department and will ensure the timely management for all credit applications for private, SMEs and large corporate. The department also enforces and monitors the fraud prevention system, in accordance with local and Head Quarter policies.
The major purpose of the Credit Underwriter is to assess the Company’s financial risk associated with underwriting credit.

This is a Fixed Term Contract (12 months) role.

The Credit Underwriter will assess this risk by manually underwriting dealer proposals in accordance with the Company credit/underwriting policy rules and in accordance with service level adherence targets. The Underwriter is responsible for ensuring that the quality of their underwriting decisions is in accordance with Leasys UK tolerances and credit policy rule sets. As part of the manual underwriting process, the Underwriter will undertake the appropriate analysis of retail customer’s financial statements in order to assist in reaching timely and accurate conclusions on the Referral (e.g., “Accept” or “Decline” decision) This information, coupled with an analysis of the customer’s repayment capacity, will enable the Underwriter to reach the appropriate lending decision.

The Credit Underwriter will utilise the Genus systems to achieve auto acceptance decision targets for Leasys UK. Using a proactive approach to work management and service level adherence, the Underwriter also uses the Genus system to help self-manage their work queues. Underwrites Leasys UK in accordance with credit policy rules, retail portfolio quality and target adherence targets.
Ensure the timely evaluation of credit requests up to £100,000 with escalation to Head of Credit if exceeded
Answers inbound dealer and account Manager Enquiries in accordance with average speed of answer targets.
Ensures Head of Credit is aware of potential issues associated with proposal/evidence.
Undertake testing and tuning of the retail and commercial scorecards when needed.

Be capable of undertaking quantitative and qualitative analysis; the ability to review metrics/financial ratios and supporting information and be able to understand what they mean for each proposal
Understand financial statements (balance sheets, income statements, cash flow)
Thoroughly understand underwriting and credit practices and procedures
Be confident in making credit decisions and takes ownership of individual proposals
Have good documentation, writing and speaking skills; Have minimum 3 years’ experience in an underwriting consumer credit or credit analyst position in financial services.
Have awareness of regulatory requirements and of the FCA Handbook.
Have experience in the automotive or consumer finance industry is advantageous.

We are committed to equal employment opportunity and equal pay regardless of race, colour, religion, sex, national origin, sexual orientation, disability, or gender identity. Stellantis are also accredited with the Defence Employer Recognition Scheme (ERS) Gold Award, that recognises organisations that pledge, demonstrate or advocate support to the armed forces community.

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