Loans Underwriter

  • MarketFinance
  • Shoreditch, London, UK
  • Dec 03, 2019
Full time Finance Risk

Job Description

Description

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.

About us

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.

Requirements

  • Strong analytical skills and understanding of the key collateral and risk drivers specific to SME’s
  • Strong communication & negotiation skills.
  • Strong people management skills.
  • You’re independent, well organized and with a “make things happen” attitude.
  • You work hard and are passionate about achieving great results.
  • You pitch-in and aren’t afraid to get your hands dirty.
  • You’re excited by the challenge of revolutionising business finance.

Benefits

  • Competitive salary with commission and bonuses linked to performance
  • Best in class share options scheme
  • Innovation Days
  • Enhanced maternity leave
  • Childcare vouchers
  • Amazon Kindle and ebooks
  • Clear career progression
  • Private health coverage and half-price Virgin Active gym membership
  • Mentoring from industry leaders
  • The opportunity to progress your career at one of the UK’s hottest FinTech companies
  • 25 days annual leave per year, plus birthday off!
  • A great office (complete with roof terrace, ping pong, table football and beer fridge) in the heart of Shoreditch.

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.