Credit Risk Underwriter

Softcat plc; Marlow; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A leading IT solutions provider in the UK is seeking a Credit Underwriter to support their dynamic team. You will evaluate creditworthiness, work closely with finance and sales teams, and ensure effective credit risk management. The ideal candidate will have at least 3 years of underwriting experience and strong communication skills. A flexible work pattern is offered, including hybrid working options.

Benefits

Pension

Share incentive plan

Life Assurance

Paid holidays

Family benefits

Qualifications

• Minimum of 3 years' experience in a similar underwriting role.
• Ability to take calculated risks with favorable outcomes.
• Basic knowledge of key industry and political risks.

Responsibilities

• Action credit limits based on customer's creditworthiness.
• Review recommendations from Credit Underwriter 1.
• Liaise with internal stakeholders to maintain credit risk controls.
• Provide support on order-related tasks.
• Complete ad-hoc tasks within DOA level.

Skills

Organizational skills

Multitasking

Effective communication

Financial literacy

Risk assessment

Job description

Would you like to kick start your career in a supportive, collaborative and innovative company?

Do you enjoy working as part of an enthusiastic, passionate, and collaborative team?

The credit underwriting and risk team is a business critical, growing, and dynamic team led by the Credit risk Manager who reports into the Head of Credit & Commercial Risk (part of the finance function). The team work closely with the sales team, financial reporting, and various areas of business operations. The credit underwriting team are ultimately responsible for the management, underwriting, and control of credit exposure to the business in what is a rapidly evolving environment.

Success. The Softcat Way.

At Softcat we want to support you at every stage of your career. Whether that means stepping up into a more senior role, taking on more responsibilities in your current role or broadening your skills and experiences in a different department, we encourage all our employees to develop and grow with us.

Help keep our credit process smooth, secure, and well-organised

The role will be working in the credit underwriting and risk team supporting our rapidly growing and dynamic IT solutions business. This passionate, numerate individual will work closely with our credit, finance and sales teams to maintain credit risk controls within an existing framework and provide a unique service to our customers.

What you'll be doing

• Action credit limits within the worklist by evaluating the customer's creditworthiness based on publicly available information and/or data obtained directly from the customer up to approved DOA.
• Reviewing recommendations provided by Credit Underwriter 1, within Delegation of Authority and providing guidance where necessary.
• Write up commercial papers with a clear recommendation to go to the Senior Credit Underwriter and above (depending on DOA).
• Apply for insurance where credit limit is £300k plus.
• Liaise with key internal stakeholders, including Head of Credit, Commercial Risk and Group Financial Controller and the Senior Leadership Team.
• Proactively collaborating with sales teams and business operation departments within Softcat.
• Providing support to colleagues and account managers with queries.
• Providing support on order related tasks, including First Order Checks and 20k new address checks.
• Complete ad-hoc tasks as required within DOA level.
• Bank verifications of new creditors.
• Completing company reg, VAT and name change tasks in NetSuite.
• Requirement to offer support at month and quarter end.

What we need from you

• Excellent organisational skills and attention to detail.
• Ability to multitask and make decisions under pressure.
• Effective communication skills, with the ability to develop and maintain relationships with different personalities across the business.
• Minimum of 3 years' experience in a similar underwriting role.
• Strength of character to stand by decisions and explain to those less familiar with credit risk.
• Ability to take calculated risks with favourable outcomes.
• Demonstrate the ability to think around a subject, considering risk implications of our current policies and procedures.
• Strong financial literacy and ability to interpret financial information from a credit-worthiness perspective.
• Basic knowledge of key industry and political risks.

We also acknowledge that the confidence gap and imposter syndrome are a real thing and can get in the way of us meeting fantastic talent, so please don't hesitate to apply – we would love to hear from you!

Work in a way that works for you

We recognise that everyone is different and that the way in which people want to work and deliver at their best is different for everyone too. In this role, we can offer the following flexible working patterns:

• Hybrid working– 3 days in the office and 2 days working from home
• Working flexible hours - flexing the times you start and finish during the day
• Flexibility around school pick up and drop offs

Working with us

Wherever you work, we want you to experience the freedom and autonomy to realise your potential. You will feel supported by a team that celebrates individuality, encourages different perspectives,and embraces every background.

To become part of the success story, please apply now.

If you have a disability or neurodiversity, we can provide support or adjustments that you may need throughout our recruitment process or any mitigating circumstance you wish for us to consider. Any information you share on your application will be treated in confidence. You can find out more about life at Softcat and our commitments to diversity and inclusion at jobs.softcat.com/jobs/our-culture/

Fieldhouse Lane, Marlow, Buckinghamshire, United Kingdom, SL7 1LW

We offer a competitive salary and benefits package and will provide you with opportunities to grow, flourish, and achieve great things.

Benefits

• Pension
• Share incentive plan
• Life Assurance
• Holiday
• Trips
• Vouchers
• Partner/family Benefits
• Maternity, Paternity and Adoption support