Trainee Underwriter (Regulated)

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

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

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

1. Processing mortgage cases from receipt of applications to payment of mortgage funds.
2. Reviewing packaged mortgage applications to ensure all necessary information is included to enable a lending decision to be made.
3. Assess and appraise valuation reports.
4. Work towards and achieve required CeMAP qualifications within required timescales.
5. Evaluate and establish the level of risk presented by a mortgage application and provide decisions in principle, approvals & declines according to lending policy, criteria and mandate, to ensure that lending you approve is within the Society’s risk appetite.
6. Document clear rationale for approval or decline decisions and communicate these reasons clearly.
7. Operate as a team player within the Underwriting Team and wider Society, building strong working relationships to support delivery of Society strategy.
   
   

You will have:

1. An understanding of the end-to-end mortgage process.
2. Confident decision-making and communication skills (verbal and written).
3. Excellent attention to detail.
4. Strong organisational skills.
5. 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.

Are you the right candidate for this opportunity? Make sure to read the full description below.

We’re here to create a banking experience that’s kinder to people and planet.

Unlike banks, we don’t have public or private shareholders which means we can invest 100% of our profits back into our business. As a result, our business is purpose-led, financially strong, socially responsible and always focused on our people, planet and communities.