Loan Underwriter

<p>As a Loan Underwriter within our dynamic lending department, you will play a pivotal role in assessing loan applications and making informed lending decisions. Your expertise and judgment will contribute to the growth and success of our lending portfolio while ensuring that borrowers\' financial needs align with the organisation\'s risk management strategies. This role offers a structured progression path, allowing you to advance your career within the lending sector. </p><p><strong>Responsibilities </strong> </p><ul><li>Evaluate loan applications, reviewing bank statements, credit histories, and other relevant information to determine applicants\' creditworthiness and ability to repay loans. </li><li>Analyse applicant financial data and credit scores to assess potential risks, ensuring compliance with lending policies and regulations. </li><li>Make informed lending decisions based on established criteria, balancing members’ needs with prudent risk management practices. </li><li>Provide guidance and support to loan department staff on loan application procedures, credit assessment, and lending policies. </li><li>Collaborate with all other departments of the credit union to ensure a seamless loan application process and adherence to regulatory requirements. </li><li>Maintain accurate and organised records of loan applications, decisions, and correspondence for auditing and reporting purposes. </li><li>Stay up-to-date with industry trends, lending regulations, and best practices to enhance decision-making accuracy and maintain compliance. </li><li>Contribute to the development and enhancement of lending processes LMCU own computer systems and workflows, identifying opportunities for efficiency gains and improved member experiences. </li><li>Conduct periodic reviews of approved loans to monitor performance against expectations and identify any areas for improvement. </li> </ul><p><strong>Qualifications </strong> </p><ul><li>At least one year\'s prior experience in loan underwriting or credit analysis in the UK financial services sector. Further on-the-job training will be provided. </li><li>Strong understanding of financial statements, credit reports, and risk assessment. </li><li>Ability to analyse complex financial data and make informed decisions within established guidelines. </li><li>Excellent verbal and written communication skills, including the ability to explain lending decisions to both members and colleagues. </li><li>Thoroughness in reviewing applications, documentation, and financial data. </li><li>Basic knowledge of lending regulations and compliance standards. </li><li>Collaborative attitude with a willingness to work alongside colleagues and provide guidance when needed. </li><li>Ability to adapt to changing lending policies, procedures, and industry trends. </li> </ul><p>The role we are seeking to fill is for a Loan Underwriter role awaits, directly responsible for overseeing the designated loan band (£3,000 to £25,000), you will provide leadership, training, and support to other underwriters. During staff shortages or slack periods, you may step into fulfilling work across other loan bands and perform other departmental duties, ensuring seamless operations and exceptional service. </p><h2>Seniority level </h2><ul><li><h2>Seniority level </h2>Entry level </li> </ul><h2>Employment type </h2><ul><li><h2>Employment type </h2>Full-time </li> </ul><h2>Job function </h2><ul><li><h2>Job function </h2>Finance and Sales </li> </ul><p>Referrals increase your chances of interviewing at London Mutual Credit Union by 2x </p><p>Get notified about new Loan Underwriter jobs in <strong>London, England, United Kingdom </strong>. </p><p>London, England, United Kingdom £32,000.00-£40,000.00 1 month ago </p><p>London, England, United Kingdom 3 weeks ago </p><h2>Underwriter I - Political Risk, Credit and Bond, UK & Lloyd\'s </h2><p>London, England, United Kingdom 6 days ago </p><h2>SME Loan Underwriting Lead - German Market </h2><p>London, England, United Kingdom 1 month ago </p><p>London, England, United Kingdom 2 months ago </p><p>Greater London, England, United Kingdom 3 weeks ago </p><p>London, England, United Kingdom 20 hours ago </p><h2>Credit Underwriter - Natural Resources (Power, Energy & Chemicals) - VP </h2><p>London, England, United Kingdom 1 week ago </p><p>London, England, United Kingdom 2 weeks ago </p><p>London, England, United Kingdom 2 weeks ago </p><p>London, England, United Kingdom 3 weeks ago </p><p>London, England, United Kingdom 1 week ago </p><h2>Wholesale Lending Control Manager - Associate </h2><p>London, England, United Kingdom 2 days ago </p><h2>Credit Decisions Analyst (Underwriter) - Europe </h2><p>London, England, United Kingdom £31,000.00-£35,000.00 1 month ago </p><p>London, England, United Kingdom 3 weeks ago </p><p>Greater London, England, United Kingdom 2 weeks ago </p><h2>Distressed Banks Loans Operations Analyst - Hedge Fund </h2><p>London, England, United Kingdom 3 weeks ago </p><p>London, England, United Kingdom 3 weeks ago </p><h2>Assistant Underwriter, Political Risk & Credit </h2><p>London, England, United Kingdom 1 week ago </p><p>London, England, United Kingdom 2 weeks ago </p><p>London, England, United Kingdom 2 weeks ago </p><h2>Loan Trade Support Analyst (Hybrid - Flexible Options) </h2><p>London, England, United Kingdom 2 weeks ago </p><p>London, England, United Kingdom 1 week ago </p><h2>Credit Product Manager - Business Lending </h2><p>London, England, United Kingdom 5 hours ago </p><h2>Senior High Yield and Leveraged Loan Strategist, Credit Research Analyst, Credit Strategy Research </h2><p>London, England, United Kingdom 1 month ago </p><p>We’re unlocking community knowledge in a new way. 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