Head of Large Value Underwriting

Our client was established in 1996 to provide flexible and accessible finance to SMEs across the country. Now, more than 20 years on, they have grown to become one of the UK's largest, independent finance houses. They have continued to deliver leading-edge finance solutions through a unique combination of teamwork and technology.From this continued success they are now looking to recruit a Head of Large Value Underwriting to allow them to continue their exciting growth plans.The aim is to take the service they offer to the next level, to push the boundaries of what's available, and to create great customer experiences consistent with their values. Does that sound like something you'd like to be part of?As a Head of Large Value Underwriting, you will set the standards to evaluate, analyse, and approve large value credit proposals, and the approach to revisions to underwritten transactions. You will maintain the portfolio quality through a consistent level of credit risk assessment ensuring adherence to all policies and procedures.You will have underwriting authority across all core origination channels including banking partners, accounting partners, vendor partners, brokers, and direct to customer relationships.The role holder will be expected to be a core voting member of Transactional Credit Committee (TCC) and will hold the highest personal underwriting mandate in the credit function and will be a member of Credit Committee.Role responsibilities: Conduct detailed Credit Reviews and sanction Asset Finance transactions up to a personal credit underwriting mandate limit. This mandate will include hard and soft assets. As a key member of TCC and holding the highest personal underwriting mandate within the Credit function, you will set the standards in terms of approach to large value transactions, and ensure that origination and funding requirements are adhered to when agreeing to exposures. Set the standards / frameworks in respect of approach to large value transactions such that all credit officers underwriting such deals have a standard and commercial approach. Chair Watch Forum and participate in other appropriate forums. Have responsibility for reviewing and approving recommendations from Business Support and Collections teams in terms of actions on stressed assets including those in work-out and recoveries. Working alongside the Head of Underwriting, have responsibility for reviewing and recommending changes to Credit Policy in terms of risk appetite for asset classes & asset types, products, and terms of lending, particularly in relation to larger value transactions. Effective Stakeholder management and communication with Sales stakeholders - ensuring SLAs for deal decisions are managed.Key skills required: Financial analysis and credit report writing skills Knowledge of soft and hard assets Ability to understand Credit Sanctioning decision systems Cashflow analysis for larger transactions Asset Finance experienceSo, why would you want to join?They have a great working environment and are an ambitious business. They achieve so much because of their people. Everyone in the business, no matter their team or role can shape the outcome, share ideas, make suggestions, and have their voice heard. It's a truly collaborative place to work.This is a hybrid role with 2 days per week in the office (Newport or London depending on your location.)Benefits you can expect: 25 days annual leave + bank holidays 2 additional days holiday after 5 years' service Birthday day off Opt in Private Medical Insurance Subsidised gym membership at £18.75 a month Cycle to Work Scheme Electric Car Scheme Buy Annual Leave Scheme Half day seasonal shopping Auto enrolment pension - 3% employer contribution subject to eligibility Life Assurance 3 x basic salary Employee Assistance Programme available 24/7 Company events and reward schemesThey are proud to be a member of Stonewall's Diversity Champions programme and are committed to improving workplace inclusion.

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