Credit Underwriting Manager recruitment
CREDIT UNDERWRITING MANAGER - INVOICE FINANCE
c£60,000 + CAR + BONUS
TELFORD
Objective
Manage the company's risk exposure through prudent underwriting, regular client reviews and compliance with statutory, regulatory and the groups requirements.
Duties Responsibilities
Underwriting
Provide correct and well-documented credit underwriting decisions for both new business prospects and existing clients, where appropriate taking into account analysis of financial statements, management / shareholders, systems / controls, industry / competition, as well as collateral.
Work fully with Sales and Operations to achieve optimum risk-based decisions.
Ensure that existing clients are reviewed on an annual basis where required.
Ensure that 'big ticket' proposals requiring approval are well-argued and complete, in order to minimise questions and even overrules.
Incumbent will be expected to exercise personal delegated sign-off authority of £500,000.
Review and improve the underwriting systems where applicable, updating procedures accordingly.
Monitor the company's customer base ensuring no one exceeds approved facilities.
Produce underwriting management reports as required including top client and customers, board reports, and other reports required by the Group.
Implement and develop client auto-underwriting system.
Develop / enhance debtor exposure aggregation process and monitor / approve large exposures where necessary.
Other Information
SOX compliance and other audits as required, ensuring that they are carried out within the prescribed timescales and in line with company procedures.
Fraud prevention and control actions
Liaise closely with other Business Units and their Risk teams to share best practices and knowledge
To undertake any other duties as specified from time to time in accordance with THE GROUPS business requirements.
Ensure compliance with all relevant legislation and specifically that which relates to Data Protection, Money Laundering and Treating the Customer Fairly ('TCF') and attend update training as may be required from time to time.
To ensure compliance with SOX requirements you need to ensure ongoing compliance with the following objectives:
An understanding of your process
Awareness of responsibilities for control within the process
Confirmation that controls are operating
Exceptions to controls are raised with your line manager
Being open to ensure that the testing process can identify any issues
Undertaking agreed remediation to correct any weakness
Person Specification /Knowledge / Experience
Minimum of 7 years working in a business finance / commercial credit environment, including specific invoice finance industry experience.
Broad knowledge of credit underwriting and collections, across corporate industry.
Risk assessment skills
Team Leader skills an advantage
FLA or ABFA Diploma would be an advantage.
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