Underwriter
2 weeks ago
Sprk is the leading lender to SMEs engaged in Research and Development and Innovation. We are looking for an ambitious underwriter to join the team and help accelerate our business further.
Sprk is a business founded by entrepreneurs for entrepreneurs. We fund some of the most exciting and cutting edge businesses in the UK, helping them invest in their businesses and grow.
What does the role look like?
Reporting to our Head of Underwriting this person will take the lead on loan applications as we continue to scale the business. The role is a great opportunity for the right individual to step up and take a key position in a fast growing FinTech lender.
Experience in SME underwriting is essential, with exposure to R&D tax credits and Innovation Grants viewed extremely positively. This individual will be responsible for underwriting and lending recommendations for new borrowers working closely with the Underwriting Committee.
They should be willing and able to challenge the conventional ways of underwriting and adapt to looking at high growth, often loss making businesses that are scaling rapidly.
As well as being a key analytical role, this person will be speaking with our borrowers to assess their businesses and be an ambassador for Sprk in the innovation lending space.
Responsibilities:
- Analyse credit data and financial statements to determine the degree of risk involved in extending credit
- Interpret and evaluate external credit reference agency data, undertake due diligence and risk assessment analysis
- Review and evaluate cashflow forecasts, to include manipulation for the consideration of different scenarios.
- Interpret and evaluate market, sector, and portfolio considerations to determine the degree of risk involved in extending credit
- Timely completion of all applications within agreed service levels
- Make recommendations for the ongoing development of systems, processes and business practices to provide improvements in efficiency and capacity
Qualities:
- Excellent analytical skills with a sound presence of commerciality and business focus
- Ability to structure transactions based upon market sector, asset and security
- Ability to plan, organise, prioritise and manage time
- Excellent interpersonal and communication skills with ability to communicate concisely and build relationships at all levels
- Self-disciplined, strong team player, motivated by delivering results and value
- Self-starter with confidence to lead by example and make difficult decisions
- Inquisitive and able to derive meaningful insight from data
Sprk offers a competitive remuneration package comprising of Base + Bonus. We believe in our employees participating in the success of the business and all staff are awarded equity annually in addition to their compensation package. We provide full healthcare through Vitality, corporate pension plan and weekly Pilates classes.
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