Hybrid Invoice Finance Underwriter

at BVNK

• Job title: Invoice Finance Underwriter
• Job type: Full Time
• Experience level: Junior, Mid level
• Salary: Not specified
• Degree requirement: No Education Requirement
• Location requirements: Hybrid, London, United Kingdom

About the role

• Underwriter in the Invoice Finance team helping SMEs grow through financial solutions. Collaborating with sales and credit teams to manage applications and compliance tasks.

Responsibilities

• Assess and underwrite invoice finance applications within personal discretion, in line with credit appetite policy and underwriting policies, utilising appropriate credit data and analytical tools
• Produce clear, accurate and concise written documentation, making clear recommendations to the Credit team for invoice finance application requests falling outside of personal discretion or outside of credit policy, escalating cases where necessary to the appropriate Delegated Lending Authorities
• Manage and own the end to end application process, liaising effectively with the sales team, legal team in terms of required security instructions and payment operations team to ensure facilities are appropriately documented and secured before draw-down
• Liaise with the Credit team as required in managing the credit risk environment, concentration risk and developing credit policy
• Undertake regular checks and monitor agreed controls to ensure risk and customer requirements are met at all times; escalating immediately any areas of concern
• Manage a portfolio of customers to a defined monitoring policy from a credit risk perspective
• Deliver excellent service to customers, their brokers and Relationship Managers, building and maintaining strong relationships in line with our values and defined customer experience standards
• Ensure compliance with all mandatory policies and adherence to credit procedures to maintain internal credit controls
• Fully understand and comply with operational procedures, requirements and SLA’s
• Help develop appropriate MI and KPI indicators and reporting, maintaining suitable MI to enable a detailed understanding of our portfolio
• Establish and actively manage a personal development plan
• Actively search for areas of improvement across the team and product and take ownership for delivery of these, setting a good example by displaying appropriate values and behaviour

Requirements

• At least 2 years of SME invoice finance underwriting experience, with an understanding of the competitor landscape and the dynamics and trends of the SME market.
• Excellent credit/financial analysis skills including the analysis of financial accounts, budgets and cashflow forecasting, Understanding of the facility underwriting process and the risks involved and being able to assess applications within a personal discretion and make recommendations and take commercial decisions.
• Strong analytical, verbal and written communication skills.
• Ability to build strong and lasting relationships with internal stakeholders such as the sales team, payment operations team and senior management, plus 3rd party suppliers.
• Understand and comply with all regulatory requirements, internal policies and procedures, guidelines, risks and controls and service levels.

Benefits

• Full onboarding support and continued development opportunities
• Options for flexible working
• Regular social activities
• Pension contributions
• Discretionary bonus scheme
• Private health cover
• Life assurance
• Family friendly policies including enhanced Maternity & Paternity leave