Head of Commercial Underwriting

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We have a fantastic opportunity for a Head of Commercial Underwriting to join our Commercial team for 12M FTC.  This role is pivotal role in controlling the credit quality of the commercial lending book. This flows from the initial underwriting of new loans through to the subsequent management of the portfolio. The role demands that the loan portfolio should be considered in terms of mix/balance across sectors/types and the holder will be required to develop the appropriate policies/strategies alongside other senior figures within the division.

As our Head of Commercial Underwriting, you will also work with other senior managers in the division to implement the strategy of the commercial business and take decisions on the day to day running of the business. This will include taking a leading role in driving the development of the commercial team and building capability within the team. Taking the lead in setting credit policy and its subsequent application within the division.

Key Responsibilities

• Interpret the fit of any new or existing lending situation within the risk appetite of the division.
• Produce in-depth analytical reports on complex lending situations prior to sanctioning deals.

• Ability to speak knowledgeably about all aspects of the property market and emerging UK economic conditions.

• Maintaining the reputation of the Society as a trusted business partner with attendance to network events.
• Advocate continuous improvement – identifying and driving through changes to maximize efficiency and you will also steer in meeting various audit requirements.

Experience:

• Substantial experience of underwriting in a commercial lending environment with a bias towards real estate lending including investment, development funding and lending to the Registered Social Landlord sector (RSL) plus a detailed understanding of areas such as security, risk management and the legal and regulatory environment.
• Experience in producing and assimilating complex credit appraisals.
• Demonstrate excellent management and communication skills.
• Experience in line management with strong coaching/mentoring skills.

If you would like any more information, please email sharedmailbox-.recruitment@principality.co.uk

‘’We are passionate about creating an inclusive workplace where diversity is celebrated and where colleagues feel a sense of belonging’’ Daniel Priest, Inclusion Manager. But don’t just take our word for it, see what our colleagues say about working here too; Careers (principality.co.uk)