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Assistant Underwriter (Bridging Finance)

Montpellier Resourcing
Posted 21 hours ago, valid for 25 days
Location

London, Greater London EC1R 0WX

Salary

£45,000 - £54,000 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The Assistant Underwriter position offers a salary of up to £40,000 along with an excellent bonus and benefits package.
  • This role is based in London and requires a minimum of previous experience in loan underwriting, with bridging finance experience being highly desirable.
  • The successful candidate will support underwriting teams by assessing and processing loan applications, ensuring compliance with lending criteria.
  • Key responsibilities include reviewing documentation, performing credit checks, managing communication with stakeholders, and maintaining accurate records.
  • Applicants should possess a university degree in business, finance, or a related field, along with strong communication and organizational skills.

Up to £40,000 plus excellent bonus and benefits

Due to exciting growth and expansion, a fantastic opportunity has arisen for an Assistant Underwriter to join a specialist Property Lending company in London. Specializing in bridging finance, you will be responsible for supporting the underwriting teams in assessing and processing loan applications, ensuring all are thoroughly reviewed and meet the lending criteria.

Please note this role is 5 days in the office

Duties of the Assistant Underwriter (Bridging Finance) to include:

  • Assist with the initial review and evaluation of bridging loan and buy-to-let mortgage applications, ensuring all necessary documentation is collected and verified.
  • Perform preliminary checks on applicants' creditworthiness and property valuations, while coordinating with brokers, clients, and stakeholders to gather relevant information.
  • Keep application records accurate and up to date within the underwriting system, offering administrative support to the underwriting team as required.
  • Follow up with introducers and brokers for any outstanding or pending documentation, ensuring timely responses.
  • Manage communication with valuers and surveyors, coordinating property valuation instructions, inspections, and report delivery.
  • Track invoice payments and ensure all financial records are kept current.
  • Prepare new case files by conducting necessary searches such as Land Registry, AML, and KYC checks.
  • Provide prompt updates and manage information received through email, post, and telephone to keep case files updated.
  • Foster strong working relationships with brokers, clients, solicitors, and surveyors, delivering high-quality customer service.
  • Handle additional tasks related to underwriting assistance as assigned by line managers, including formally managing valuers and scheduling appointments for property visits.

Requirements for the successful Assistant Underwriter (Bridging Finance):

  • Educated to university undergraduate degree level (or equivalent), in business, finance or a related field.
  • Previous experience in loan underwriting is essential, with experience in bridging finance highly desirable
  • Excellent communication abilities with strong written and verbal skills.
  • Excellent organisations skills and ability to prioritise and manage multiple tasks as part of a busy workload.

This vacancy is being advertised by Montpellier Resourcing Associates Limited. The services advertised by Montpellier Resourcing Associates Limited are those of an Employment Agency.

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In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.