Consumer Finance Underwriter

Loans 2 Go Limited; City of London; Hybrid; GBP 29,000 - 37,000; Full time

Job summary

A financial services provider in London is seeking an Underwriter. Your role will involve assessing financial information and making loan decisions. The ideal candidate has strong analytical skills, attention to detail, and experience in compliance. This position offers a hybrid working scheme and a competitive salary. Immediate start available.

Benefits

Hybrid Working Scheme

Performance-based bonus

Employee Referral Scheme

Up to 33 days holiday

Life Insurance Cover

Incapacity Insurance Cover

Employee Assistance Programme

Professional Learning and Development

Qualifications

• 1+ years of experience in underwriting or related field.
• Familiarity with financial assessment tools.

Responsibilities

• Analysing and evaluating borrower's financial information.
• Recommending final loan decisions based on evaluation.
• Collecting and interpreting borrower documents.
• Conducting income & expenditure assessments.

Skills

Regulatory compliance knowledge

Ability to calculate simple to complex mathematical equations

Strong communication skills

Analytical skills

Excellent organisational skills

Detail-oriented

Job description

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Salary: £29,512 to £36,890 pa, dependent on skills and experience

Location: Putney, SW15

Start Date: ASAP

Overview

Loans 2 Go Limited (L2G) is an industry leader in providing alternative, affordable personal loans; we aim to give lines of credit to those who mainstream lenders have neglected. We are growing and adapting fast; with over 20 years of operation nationwide, we have helped hundreds of thousands of customers and the business has transformed from a traditional high-street lender to a multi-channel, online loan provider. We are regulated by the Financial Conduct Authority and fully compliant with our obligations under Consumer Duty. We understand the importance of providing fair and transparent products and services as the key to unlocking a prosperous future for the business. We will continue to adapt, improve, and implement changes where required to improve our people, the business, and the overall quality of our customer experience.

The Role

The primary responsibility of this role is to underwrite and decision consumer loans in a sound, consistent and compliant manner and in accordance with the company’s loan policy and procedures.

Responsibilities

• Analysing and evaluating borrower's financial information
• Recommending final loan decisions by evaluating proprietary decisioning tool outcome
• Collecting and interpreting documents such as borrower’s income and expenditure declaration, bank statements, payslips, tax returns etc
• Income & Expenditure assessment to determine affordability

Attributes and experience

• Regulatory compliance knowledge
• Ability to calculate simple to complex mathematical equations
• Strong communication, analytical skills, and reasoning ability
• Excellent organisational skills with the ability to prioritise and handle multiple tasks and responsibilities simultaneously
• Detail-oriented

Employee Benefits

• Hybrid Working Scheme
• Performance-based bonus
• Employee Referral Scheme
• Up to 33 days holiday inclusive of UK Bank Holidays
• Life Insurance Cover
• Incapacity Insurance Cover
• Employee Assistance Programme
• Commitment to your Professional Learning and Development

Timings

40 hours per week, Monday to Saturday between 8am and 8pm. Shifts are assigned based on a rota. Flexibility with timings is required.

Location, Salary and Start Date

Location: Putney, SW15

Salary: £29,512 to £36,890 pa, dependent on skills and experience

Start Date: ASAP

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