Trainee Underwriter (Regulated)

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Trainee Underwriter (Regulated), Carlisle

Client:

Cumberland Building Society

Location:

Carlisle, United Kingdom

Job Category:

Other

EU work permit required:

Yes

Job Reference:

f99d5adf3a61

Job Views:

7

Posted:

20.02.2025

Expiry Date:

06.04.2025

Job Description:

Working at the Cumberland, you become part of something special. We’re a Mutual organisation, committed to improving the lives of our colleagues, customers, and community. Our values are incredibly important to us. We’re on an exciting transformational journey with our people firmly at the forefront of our plans.

We have a great opportunity to join our underwriting team as a Trainee Underwriter, with the opportunity to obtain a CeMAP qualification and progress to a qualified underwriter role.

This role will be based out of our Head Office in Carlisle; we operate a hybrid working policy allowing the successful candidate to work flexibly between the office and home as required once the required level of competency has been attained.

The Benefits

• Salary: £25,774 p.a. with the potential of increasing to £30,516 upon successful completion of training.
• Holidays: 25 days holiday plus public holidays and the opportunity to buy and sell up to 3 days.
• Learning and Development opportunities: We want you to grow in your role. We’ll work together to support your personal and professional development.
• Hybrid Working: The tools and equipment you need to be able to work from home when you need to, depending on your role.
• Health and Wellbeing: A calendar of events and activities throughout the year, Mental Health & Wellbeing champions, and Cycle to Work scheme.
• Community Day: We offer our people an extra paid day off every year to help local charities and community organisations.

The role

Reporting to the Underwriting Manager, the key responsibilities and duties in the role are:

• Processing mortgage cases from receipt of applications to payment of mortgage funds.
• Reviewing packaged mortgage applications to ensure all necessary information is included to enable a lending decision to be made.
• Assessing and appraising valuation reports.
• Working towards and achieving required CeMAP qualifications within required timescales.
• Evaluating and establishing the level of risk presented by a mortgage application and providing decisions in principle, approvals &/or declines according to lending policy, criteria and mandate, to ensure that lending you approve is within the Society’s risk appetite.
• Working within your mandate, documenting clear rationale for approval or decline decisions and communicating these reasons clearly.
• Operating as a team player within the Underwriting Team and wider Society, building strong working relationships to support delivery of Society strategy.

About you

You will have:

• An understanding of the end-to-end mortgage process.
• Confident decision-making and communication skills (verbal and written).
• Excellent attention to detail.
• Strong organisational skills.
• A logical thinker able to balance capacity demands and service achievement without compromising standards.

This is a full-time position; family-friendly hours are available.

This vacancy may close early if enough applications are received.