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Head of Large Value Underwriting

Propel Finance Group

Newport

Hybrid

GBP 70,000 - 90,000

Full time

30+ days ago

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Job summary

Propel Finance is seeking a Head of Large Value Underwriting to enhance their growth plans. This key role involves evaluating and approving high-value credit proposals, ensuring adherence to company policies, and maintaining portfolio quality through rigorous risk assessments. You will work in a collaborative environment, embracing hybrid working and contributing to an ambitious team.

Benefits

25 days annual leave + bank holidays

Private Medical Insurance

Subsidised gym membership

Cycle to Work Scheme

Electric Car Scheme

Life Assurance 3 x basic salary

Company events and reward schemes

Qualifications

Experience in Asset Finance.
Knowledge of soft and hard assets.
Ability to understand credit sanctioning decision systems.

Responsibilities

Conduct detailed credit reviews for asset finance transactions.
Set standards for large value transactions and enforce compliance.
Chair forums and manage stress asset actions.

Skills

Financial analysis

Credit report writing

Stakeholder management

Cashflow analysis

Education

Relevant financial qualifications

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Recruitment Business Partner at The Curve Group

Propel Finance was established in 1996 to provide flexible and accessible finance to SMEs across the country. Now, more than 20 years on, Propel has grown to become one of the UK’s largest, independent finance houses. We have continued to deliver leading-edge finance solutions through a unique combination of teamwork and technology.

From this continued success we are now looking to recruit a Head of Large Value Underwriting to allow us to continue our exciting growth plans.

Our aim is to take the service we offer to the next level, to push the boundaries of what’s available, and to create great customer experiences consistent with our values. Does that sound like something you’d like to be part of?

As a Head of Large Value Underwriting, you will set the standards to evaluate, analyse, and approve large value credit proposals, and the approach to revisions to underwritten transactions. You will maintain the portfolio quality through a consistent level of credit risk assessment ensuring adherence to all policies and procedures.

You will have underwriting authority across all core origination channels including banking partners, accounting partners, vendor partners, brokers, and direct to customer relationships.

The role holder will be expected to be a core voting member of Transactional Credit Committee (TCC) and will hold the highest personal underwriting mandate in the credit function and will be a member of Credit Committee.

Role responsibilities.

Conduct detailed Credit Reviews and sanction Asset Finance transactions up to a personal credit underwriting mandate limit. This mandate will include hard and soft assets.
As a key member of TCC and holding the highest personal underwriting mandate within the Credit function, you will set the standards in terms of approach to large value transactions, and ensure that origination and funding requirements are adhered to when agreeing to exposures.
Set the standards / frameworks in respect of approach to large value transactions such that all credit officers underwriting such deals have a standard and commercial approach.
Chair Watch Forum and participate in other appropriate forums.
Have responsibility for reviewing and approving recommendations from Business Support and Collections teams in terms of actions on stressed assets including those in work-out and recoveries.
Working alongside the Head of Underwriting, have responsibility for reviewing and recommending changes to Credit Policy in terms of risk appetite for asset classes & asset types, products, and terms of lending, particularly in relation to larger value transactions.
Effective Stakeholder management and communication with Sales stakeholders - ensuring SLAs for deal decisions are managed.
Financial analysis and credit report writing skills
Knowledge of soft and hard assets
Ability to understand Credit Sanctioning decision systems
Cashflow analysis for larger transactions
Asset Finance experience

So, why would you want to work here?

We have a great working environment and we’re an ambitious business. We achieve so much because of our people. Everyone in the business, no matter their team or role can shape the outcome, share ideas, make suggestions, and have their voice heard. It’s a truly collaborative place to work.

At Propel, we embrace hybrid working and with modern offices in Newport, London and Manchester, plus a field-based sales team, you’ll never be too far away from colleagues.

This is a hybrid role with 2 days per week in the office (Newport or London depending on your location.)

Benefits you can expect:

25 days annual leave + bank holidays
2 additional days holiday after 5 years’ service
Birthday day off
Opt in Private Medical Insurance
Subsidised gym membership at £18.75 a month
Cycle to Work Scheme
Electric Car Scheme
Buy Annual Leave Scheme
Half day seasonal shopping
Auto enrolment pension – 3% employer contribution subject to eligibility
Life Assurance 3 x basic salary
Company events and reward schemes

We are proud to be a member of Stonewall’s Diversity Champions programme and are committed to improving workplace inclusion.

The Curve Group is Propel’s outsource partner for Recruitment and a "Data Processor". The Curve Group will hold the information you submit but Propel will have access to it. You can find their privacy policy here: https://www.thecurvegroup.co.uk/privacy-policy/

Seniority level