Job Description
- Job Title: Underwriter
- Responsible to: Head of Underwriting
- Location: 86-88 Wallasey Road, Wallasey, CH44 2AE
- Hours Per Week: Full Time (35 hours per week) 9-5pm
- Start Date: ASAP
About Us
A forward thinking, privately funded property finance Company, specialising in short term Bridging and Development loans. Established in 2006, BFS is a regulated principal Lender who take a pragmatic and entrepreneurial approach to bridging finance solutions for individual, investors, developers, professional advisors and intermediaries across England, Wales & Scotland, where speed and reliability are essential.
Your Role
We are seeking an experienced, team orientated, pragmatic and client focused individual to Underwrite new bridging and development finance deals. The ideal candidate will play a significant role in the BFS business, reporting and working within the Underwriting Team.
The role will ideally suit candidates who have Banking/Mortgage/Bridging/development Underwriting experience, or Credit Risk/Compliance experience at a Bridging Company or similar property Lender. Alternatively, you may be a Quantity Surveyor looking to use your transferable skills within a finance Company.
Specific Responsibility:
- Underwriting Development & Bridging Loan Applications – managing the process from offer through to completion, ensuring credit guidelines are adhered to.
- Review and process Credit searches, AML checks and Client onboarding Applications.
- Review Valuation and Quantity Surveyor Reports.
- Instruct and liaise with Valuers, Solicitors, Quantity Surveyor & Agents.
- Liaise with our Solicitor throughout the legal process.
- Report issues of regulatory concern to Head of Underwriting.
- Attend weekly Portfolio review team meeting.
- Post completion management of development cases and drawdown requests.
- Work with Portfolio Manager to underwrite extension and increase requests.
- Attend BDM weekly Teams meetings to discuss pending cases.
- Embrace the principles of treating customers fairly and responsible lending in all decision making.
- Manage a caseload of c35 cases, which may fluctuate from time to time.
Other Duties:
- Maintain accurate records and system information.
- Focus on your own continuous improvement and identify ways to improve working methods.
- Ensure a good understanding of Company policies, procedures, and compliance guidelines.
- Holiday/sickness cover/supporting other team members as and when required.
- Support Head of Underwriting as and when required.
The Person – Essential Skills:
- Ideally 3-5 years’ experience within the Development Finance sector/UK property finance or construction sector.
- Excellent communication skills, oral and written.
- Focussed and self-motivated
- Positive and pro-active attitude
- Good organisational skills and excellent attention to detail.
- Ability to prioritise and meet tight deadlines.
- Team player.
- Remain focussed on meeting individual KPIs and departmental targets for quality, service, and volumes.
Desirable but not essential
- CeMap
- Knowledge of FCA regulations
The Reward:
- Salary based on experience.
- Participation in our annual discretionary bonus scheme.
- 25 days holiday per year plus Bank Holidays, plus closure days between Christmas and New Year (3 days).
- Contributory Pension scheme.
- Private Health Care Scheme (after successful completion of probationary period).
- New purpose-built office environment (due to complete April 25).
- Option for funded relevant training/professional qualifications.
- Annual away day and team building events.
- Community and Charity engagement.
