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Development Finance Underwriter - City of London

£Dependent on experience - Commercial Mortgages - Underwriting
Ref: 657 Date Posted: Wednesday 21 Mar 2018
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Our client, a successful specialist lender based in Central London, are currently recruiting for an experienced Development Finance Underwriter with a background in commercial development. The successful candidate will underwrite approved development and bridging loan applications within company lending criteria and within personal lending mandate. 


Key Responsibilities 

·         Successfully assess and underwrite loan applications in line with prevailing credit policy

·         Creation and maintenance of professional and open relationship with business providers

·         Identification of incomplete or contradictory information received and successful resolution of risk and/or issue

·         Recommends loans to the Underwriting Manager and Credit Team where they fall outside of the lending mandate held 

·         Does so with clarity and good judgment

·         Participates in and contributes to departmental meetings including making suggestions to improve processes or (where applicable) amend policy

·         Demonstrates a full understanding of regulation as it affects loans and keeps abreast of potential/actual


Skills and Experience required:

·         Minimum 2 years recent underwriting experience within a specialist lending sector is essential (to include holding a lending mandate)

·         Development underwriting experience is essential

·         Hands-on knowledge of loan processing systems.

·         Knowledge of regulation as it affects bridging loans and

proven ability to implement those principles throughout the underwriting process. 

·         Excellent communication skills.

·         Reasoning ability – problem solving, maturity of judgement.

·         Self-management – initiative, flexibility, management of change.