Underwriter - Asset Finance

At United Trust Bank, we believe that people achieve more together than alone. That’s why we’re dedicated to building great relationships, offering tailored solutions, and providing our clients and broker partners with the support they need to go further. This was true when we first opened our doors, and it’s still our approach today.

Our Asset Finance team are looking to hire an Underwriter who will support the Senior Underwriter (Asset Finance) in analysing and structuring credit proposals, working within delegated mandate or recommending for approval, and maintaining regular contact with broker base to discuss/negotiate potential transactions.

This is a hybrid role working 3 days in the office (City of London location) and 2 days working from home.

Responsibilities:

New Business

• Analyse, negotiate and structure proposals to be approved under own mandate or recommended to credit for approval for both Asset Finance.
• Spreading of financial accounts and applying/developing Bank’s internal rating models
• Manage sanctioned proposals to drawdown with the help of Credit and Administration Staff.
• Research industry sectors and specific collateral to support credit application process.
• Support Senior Underwriter in preparation of credit papers and reports

Brokers/Intermediaries

• Maintain daily contact with Bank’s broker base and arrange internal/external meetings where necessary.
• Encourage flow of renewal business where appropriate.
• Maintain efficient and professional service, and good customer/banker Relationships.
• Assist where applicable in conducting broker reviews/approvals

Security Perfection & Maintenance

• Close liaison with any professional advisers.
• Monitoring adherence to loan offer terms.
• Ensuring that any security valuations or inspection reports comply with the bank’s procedures and following up promptly any matters which do not meet the required standards.
• General liaison with brokers/customers to resolve any issues outstanding and requiring attention.

General Matters

• Manage collection activities as required
• Assist with development and maintenance of the Asset Finance Lending Procedures
• Ensure compliance with FSA and internal policies and procedures
• Assist Senior Underwriter & Senior Manager to develop and enhance business within agreed credit policy

Skills and Experience sought:

• Good working knowledge and understanding of Asset Finance
• Strong financial analysist, credit assessment and underwriting skills for Hire Purchase and Finance Lease agreements
• Ability to work with figures and translate information into reports
• A good working knowledge of CRM and data systems, Word, Excel and Outlook
• An experienced individual within Asset Finance, used to being part of a team, who is also self-motivated and has a strong work ethic
• Ability to communicate accurately, both verbally and in writing
• A keen eye for detail and the ability to manipulate information databases
• Highly organised with excellent time management skills, with the ability to work under pressure to tight timescales whilst paying attention to detail

Equal Opportunity Statement

We're an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. During the application process, you will be asked to complete an equality questionnaire on a voluntary basis and any data we collect will be treated confidentially and used for evaluation purposes. This will be for a period of 6 months or longer with your permission. This helps us understand our applicants so we can make sure we are doing everything we can to attract a diverse range of people and ensure our recruitment processes are fair and inclusive.