MarketFinance, one of the UK’s leading Fintechs, is looking for a Loans Underwriter to help shape the risk management capability of its loan portfolios and play a key part in making business finance quick and easy for customers.
Who you’ll be working with
The multi-faceted and highly skilled Risk team you’ll be joining is helping to create new products, meet the needs of our customers and develop world-leading risk-based pricing models.
At MarketFinance, the opportunity for growth is as big as your ambition. Whether that’s progressing to a leadership role in your team or exploring an entirely new career path within the business. Maybe this job is part of your journey to starting your own business one day. We have big dreams and we expect you to have the same.
We believe that finance has moved on with technology - and we’re here to make it work better for businesses. We want to help entrepreneurs spend more time on ideas and less time worrying about their cash flow.
So what makes us different? With our smart online platform, we’re making it quick and easy for UK companies to access business finance. But it’s not just about the tech. Our people are our greatest asset and one of the best things about working at MarketFinance.
We’re a team of bright and talented people from all over the world, who work together to get things done. Positivity is key to our culture, which means we support each other and have a lot of fun along the way.
At MarketFinance, the opportunity for growth is as big as your ambition. We challenge ourselves to learn more and to think in different ways. In fintech, things move quickly - but that’s part of the adventure.
Our values matter and as part of the team, they’ll be yours too:
#MakeItHappen | #1Team1Dream | #AlwaysBeLearning
Hear from our Co-Founder, Anil Stocker, on his favourite MarketFinance moment: https://medium.com/@anilstocker/my-favourite-momen...
What you’ll be doing
As a Loans Underwriter, you’ll take ownership of the management, monitoring and control of a portfolio of customers using our loans finance solutions.
We can’t wait for you to bring your knowledge of key SME collateral and risk drivers to the team. You may not have hands-on experience in IF but you’ll definitely have a strong understanding of IF risk in an underwriting, audit, survey and customer management capacity.
We’ll trust you to run regular collateral assessments and reviews on customer facilities within agreed service levels. We’ll also rely on your sound judgement and strong commercial awareness across sectors to guide your approval of facility amendment requests under personal delegated mandates or via higher approval authority. You’ll have the opportunity go out and meet larger customers to better understand their business or help resolve risk-related issues.
Using your excellent analytical and negotiation skills, you’ll structure Loans facility proposals for our customers based on the quality of their book debt collateral and financial strength. Your day-to-day responsibilities will also include approving specific invoices, debtors and/or supporting contracts/audit train documentation prior to launching trades on our smart online platform.
Our default rate is consistently lower than the industry standard and your work here will be an essential part of our ability to maintain that. You’ll be a first line of defense, monitoring covenant compliance and ledger performance to ensure risk stays within agreed lending parameters. You’ll also identify, monitor and manage the strategy for all “watchlist” accounts.
We know you’re independent but you’re also a great collaborator which is why you’ll work closely with the Audit and Survey team to ensure field examinations are conducted in good time and focus on the most relevant areas of the business. You’ll also support our Collections and Recovery team on impaired case management and be the first port of call for Account Management and Customer Success for risk-related queries.
You’ll retrospectively review delinquent accounts to establish key learnings and identify changes in our risk approach. We’ll look to you for recommendations on the ongoing development of systems, processes and business practices to provide improvements in efficiency and capacity. You’ll have the opportunity to shape and develop our credit processes to deliver fast, efficient and robust decisions within agreed risk appetite parametres.
Using your strong people management and communication skills, you’ll provide coaching, development and guidance on our risk parameters to colleagues as well as key business introducers/financial partners. There is also great scope for you to be actively involved in wider projects such as product development initiatives.
Ready to help UK businesses build the future? APPLY NOW!
We do our best to reply to all applications. However if you have not had a response within 4 weeks, please assume your application has not been successful.
At MarketFinance, we celebrate the entrepreneurs, founders and small business owners who are building the world we all want to live in. That's why we're making business finance quick and easy. With hassle-free access to working capital, entrepreneurs can get on with running their business – instead of having to worry about cash flow. We believe in the endless possibilities that arise when they have time to focus on what they love.
We are a diverse group of bright and talented people from different backgrounds and cultures, each with our own perspectives, skills and experiences. We collaborate and support each other, having a lot of fun along the way.
Things move quickly in Fintech and that’s all part of the adventure. At MarketFinance, we embrace learning, challenging ourselves to do more – and to do it better. We are one team, working together to get things done.
“Online business lending with the X-factor”
- The Times
#MakeItHappen - We're focused on getting the important stuff done first. We don't get bogged down, we find solutions (they're out there!).
#1Team1Dream - We always put the whole company first - when we succeed collectively, we all succeed individually. Everyone has a voice, we listen to each other's opinions.
#AlwaysBeLearning - The only constant is change: we embrace change and learn. We ask and listen for feedback, and always provide it too.