Loan Underwriter / Assessor
Not disclosed
Salary
Not disclosed by employer
£41,700
Going rate
Skilled Worker going rate
This role may qualify for a Skilled Worker visa
SOC 3532 is an eligible occupation, but we are only 38% sure that is the right code. First Enterprise is a licensed sponsor, so if the code fits, the role should qualify. Check the occupation eligibility rules against what the job actually involves.
About the role
Pay: £28,000.00 - £35,000.00 per year
About First Enterprise
At First Enterprise, we’re committed to empowering communities and driving inclusive economic growth. As a not-for-profit business lender, we support entrepreneurs and small businesses that are often underserved by mainstream finance. With a strong focus on social impact, we provide tailored funding solutions, expert guidance, and a collaborative environment where innovation and ambition thrive.
Role Overview:
As a second approver within the Start Up Loans scheme, the Loan Underwriter / Assessor will be responsible for reviewing loan applications submitted by Business Advisors. This includes ensuring that each case meets the credit policy, and that all supporting information is accurate, relevant, and clearly presented. The role is critical in maintaining the integrity of lending decisions and supporting the delivery of responsible finance to startup businesses.
Key Responsibilities:
- Second-Level Assessment: Review loan applications submitted by Business Advisors to confirm alignment with credit policy and lending criteria.
- Quality Assurance: Validate that the information provided is complete, coherent, and relevant to the applicant’s business case, including KYC (Know Your Customer)
- Credit Analysis: Evaluate financial statements, forecasts, management background, industry trends, and cash flow to assess creditworthiness.
- Policy Compliance: Ensure strict adherence to credit policies and contribute to their ongoing review and improvement.
- Collaboration: Work closely with the Head of Credit to monitor performance and support risk management strategies.
- Continuous Improvement: Participate in the development of systems and processes to enhance operational efficiency and compliance with FCA standards.
- Professional Development: Engage in training and development activities to maintain high standards of underwriting practice.
Essential Requirements:
- Minimum 2+ years of experience in small business lending (including startups).
- Strong understanding of credit assessment and financial analysis.
- Excellent written and verbal communication skills.
- High attention to detail and ability to interpret complex financial data.
- Proficiency in Microsoft Office (Excel, Word, Outlook) and Office 365.
- Experience in customer service and handling confidential information with discretion.
Job Types: Full-time, Permanent
This description is the source posting as it read when we added it. We are not affiliated with First Enterprise, so check their own site for the current details.
Where this offer sits in the market
SOC 3532 · UK · ONS ASHE 2025 · ~22k in sampleSimilar sponsored roles
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Does this job guarantee visa sponsorship?
Not necessarily. First Enterprise holds a sponsor licence, but sponsorship for a specific hire is always the employer's decision. Be upfront in your application that you'll require it.
What salary is needed for this role to be eligible?
The offer must clear both the general threshold and the SOC 3532 going rate of £41,700. New-entrant and shortage discounts can lower it.