Credit Underwriter

The successful candidate will join the Credit & Underwriting department and will ensure the timely management for all credit applications for private, SMEs and large corporate. The department also enforces and monitors the fraud prevention system, in accordance with local and Head Quarter policies.

The major purpose of the Credit Underwriter is to assess the Company’s financial risk associated with underwriting credit.

PRINCIPAL ACCOUNTABILITIES:

• The Credit Underwriter will assess this risk by manually underwriting dealer proposals in accordance with the Company credit/underwriting policy rules and in accordance with service level adherence targets.
• The Underwriter is responsible for ensuring that the quality of their underwriting decisions is in accordance with Leasys UK tolerances and credit policy rule sets.
• As part of the manual underwriting process, the Underwriter will undertake the appropriate analysis of retail customer’s financial statements in order to assist in reaching timely and accurate conclusions on the Referral (e.g., “Accept” or “Decline” decision).
• This information, coupled with an analysis of the customer’s repayment capacity, will enable the Underwriter to reach the appropriate lending decision.
• The Credit Underwriter will utilise the Genus systems to achieve auto acceptance decision targets for Leasys UK.
• Using a proactive approach to work management and service level adherence, the Underwriter also uses the Genus system to help self-manage their work queues.
• This will ensure that work queues are reviewed and actioned in accordance with agreed proposal status review targets.

ADDITIONAL RESPONSIBILITIES:

• Underwrites Leasys UK in accordance with credit policy rules, retail portfolio quality and target adherence targets.
• Ensure the timely evaluation of credit requests up to £100,000 with escalation to Head of Credit if exceeded.
• Ensure Underwriting work and email queues are reviewed in accordance with agreed queue status review targets.
• Self manages own work queue.
• Answers inbound dealer and account Manager Enquiries in accordance with average speed of answer targets.
• Ensures Head of Credit is aware of potential issues associated with proposal/evidence.
• Undertake testing and tuning of the retail and commercial scorecards when needed.
• Adhere to formal Leasys UK and regulatory processes and policies.
• Review target adherence and performance reports (in conjunction with Manager).

PERFORMANCE MEASURES:

• 1-2-1 general reviews with Manager.
• Default rate review on business that has been underwritten.
• Monthly fraud review to ensure risk is being mitigated when present.

ABILITY AND SKILLS PROFILE:

• Capable of undertaking quantitative and qualitative analysis; the ability to review metrics/financial ratios and supporting information and be able to understand what they mean for each proposal.
• Understand financial statements (balance sheets, income statements, cash flow).
• Able to interpret CRA and HPI reports, extracting non-apparent information when making lending decisions.
• Thoroughly understand underwriting and credit practices and procedures.
• Adhere to the Underwriting team schedule and attendance guidelines.
• Confident in making credit decisions and takes ownership of individual proposals.
• Good documentation, writing and speaking skills; the ability to effectively disseminate decisions to a variety of individuals (orally or in print).
• Able to explain rationale for technical underwriting decisions to appropriate personnel.
• Good problem solving, communication, and organizational skills.
• Improve systems, processes, and business practices.
• Strong decision-making skills and excellent interpersonal skills.
• Ability to work in a time-pressured environment.
• A team player.

KNOWLEDGE, EXPERIENCE AND QUALIFICATIONS:

• Minimum 3 years’ experience in an underwriting consumer credit or credit analyst position in financial services.
• Awareness of regulatory requirements and of the FCA Handbook.
• Experience in the automotive or consumer finance industry is advantageous.

IT SKILLS PROFILE:

• Proficient IT skills and competent user in Microsoft Office (Word, Excel).

Stellantis is proud to be an equal opportunity employer. We are committed to equal employment opportunity and equal pay regardless of race, colour, religion, sex, national origin, sexual orientation, disability or gender identity. Stellantis are also accredited with the Defence Employer Recognition Scheme (ERS) Gold Award, that recognises organisations that pledge, demonstrate or advocate support to the armed forces community. Service Personnel and their families are therefore encouraged to apply.

Please contact our recruitment team if you would like to discuss anything further or if you require any form of reasonable adjustments for any part of the recruitment process.

Job Type: Full-time

Benefits:

• Company car
• Company pension
• Employee discount
• Store discount

Schedule:

• Monday to Friday

Experience:

• Credit: 2 years (required)

Work Location: Hybrid remote in Coventry