Visit Paragon Banking Group

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Location
Southampton
Department
SME
Advertising Salary
Competitive depending upon experience
Vacancy Type
Permanent

About the Role

Job Purpose
 
The Senior Underwriter reports to the Senior Credit Manager and is responsible for delivering timely credit decisions supporting the Iceberg professions business as well as the SME Lending Asset Finance business inline with the Bank’s stated credit appetite. The Senior Underwriter will hold an underwriting authority as approved by Head of Credit Risk, SME Lending based on their experience. The office is based in Southampton and although there will be an option to work from home, you will be required to travel in ad hoc.
 
Key Duties
  • Underwrite new business applications and deliver timely credit decisions within SLA guidelines and in accordance with Credit policy
  • Provide commercially balanced recommendations to colleagues where new business applications are above the Senior Underwriter’s credit mandate
  • Ensure annual reviews are completed on time
  • Prepare credit papers for submission to the Paragon Bank Credit Committee
  • Support the development and delivery of new business initiatives though identification, assessment and mitigation of credit risks
  • Encourage an open culture with regular two-way communication
  • Provide guidance to the credit team and the wider business on Iceberg credit policy and appetite
  • Drive continuous improvement activity challenging processes and procedures to deliver optimal efficiency and effectiveness
  • Build effective relationships within SME Lending businesses and the Bank and attend customer visits as and when required
  • Ability to communicate effectively with both internal and external customers
  • Ensure that online training and regulatory reading is completed on time
  • Support and assist the Senior Credit Managers and the Head of Credit Risk as and when required

About You

Key Skills
  • Detailed knowledge of the mechanics and operations of UK Law Firms
  • Appreciation of Chambers Directory and other relevant information relating to UK Law Firms
  • Knowledge of the Law Society and SRA Rules as applied to UK Law Firms
  • At least 5 years proven experience of underwriting transactions in professions finance, and vendor/direct asset finance lending environment, having held a personal lending mandate
  • Solid and demonstrable experience in a wide range of assets and lending structures
  • Experience of discussing accounting information on a face to face basis with customers to obtain additional information
  • Proven ability to interpret financial statements and produce a clear written analysis including understanding a customer’s cash flow
  • Commercial lending experience in professions finance and unsecured lending transactions
  • Experience of working in a direct and broker origination model
  • Thorough understanding of finance products and appropriate security/legal/documentation risks
  • Ability to make sound commercial credit decisions within the Bank’s credit appetite
  • Strong interpersonal and influencing skills
  • Advanced written and presentation skills
  • Proven analytical skills
  • Flexibility and adaptability in attitude to embrace change within a business growth environment
Qualifications and Experience
The ideal candidate must be Degree educated to a 2:1 or have equivalent working experience in Professions / Asset Finance - with an appropriate delegated authority. Solid and proven experience in underwriting a diverse range of assets across a wide credit spectrum.
 
Working Hours
37.5 hours a week, Monday to Friday 8:30am to 5:00pm with one hour for lunch.  Flexibility of hours may be possible but please to enquire prior to applying. 

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