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Underwriter, Residential Development Finance

  • Location:

    London, England

  • Sector:

    Property & Real Estate Finance, Banking & Financial Services

  • Job type:

    Permanent

  • Salary:

    Up to £100000 per annum + bonus and benefits

  • Contact:

    Cobalt Recruitment

  • Contact email:

    asandberg@cobaltrecruitment.com

  • Job ref:

    JN -092020-71477_1600277747

  • Published:

    16 September 2020

  • Expiry date:

    15 November 2020

This is an opportunity to join a well established mezzanine lender operating in the Residential Development Finance space. They are very active with a renowned reputation and track record in the UK. Despite these uncertain times they have a robust pipeline and an appetite to continue lending. They are looking for an established Underwriter to join the team, who has pre-existing experience in the development finance space.

The Role

  • Make lending decisions in line with Credit Risk Policy and individual mandate level.

  • Adhere to internal underwriting policy and regulatory requirements - FCA, PRA, Money Laundering, Prevention of Financial Crime, Data Protection, etc.

  • Work with Internal Sales to progress cases from DIP to drawdown.

  • Preparing a detailed Credit Paper with all appropriate conditions and presenting the proposition to Credit Committee.

  • Instructing valuers and solicitors.

  • Following sanction from the Credit Committee, preparing the offer letter and accompanying documents and being proactive in ensuring that all loan conditions have been met.

  • Ensuring that information concerning each loan is accurately and comprehensively entered the firm's electronic systems, both prior to and upon drawdown.

Requirements

  • Previous underwriting experience within the development finance space.

  • Professional communications skills, able to communicate with businesses and colleagues by telephone, email and face to face.

  • Strong understanding of the regulatory environment.

  • Liaising with introducers and/or external customers.

  • Highly motivated individual committed to providing outstanding service to customers and clients.

  • Excellent presentation (verbal/written) and relationship building skills.

  • Ability to collaborate, build trust and influence at senior level.

  • Confidence to challenge actions and behaviours that are not consistent with the firm's policies and best interests of the business and its customers.