Credit Underwriter - In-house financing division of global manufacturer
Meet Our Recruiter
About the Role
Our client is the in-house financing division of a global equipment manufacturer, best known for agricultural equipment. They have annual global sales in excess of $50bn and employ 75,000 people worldwide.
The financing is via their own bank who are a wholly owned subsidiary of the manufacturer and they are now looking to hire two Credit Underwriters to join the team.
Reporting to the Team Lead for Credit and Collections, the role is as follows;
The successful candidate will be part of a small, dynamic team. You will independently make decisions on moderately complex, high-limit credit applications for asset finance proposals, following the credit guidelines, policies, and procedures established by the Company. Responsible for providing a high level of support and maintenance of dealer/partner relationships. May also provide work directions or assists with training, coaching, and mentoring other Dealer Relationship Officers and internal staff. The role will involve occasional customer and dealer visits.
Major Duties:
•Credit Evaluation: Assess moderately complex, higher-value asset finance proposals by analysing financial statements and customer information for cash flow, balance sheet strength and profitability.
•Decision-Making: Approve, decline or make recommendations on finance proposals in accordance with company policies, procedures, and risk appetite.
•Portfolio Management: Review and authorise additional transactions within existing credit limits to support portfolio performance and manage risk effectively.
•Customer Communication: Conduct visits to manage large credit lines, clarify financial queries, understand customer replacement strategies, and strengthen relationships.
•Dealer Support: Promote asset finance products, systems, and marketing initiatives to dealers and other stakeholders. Provide coaching and guidance to enhance product uptake and understanding.
•Stakeholder Engagement: Foster strong relationships with dealers, Area Sales Managers, and key stakeholders through regular video calls and occasional in-person meetings to drive collaboration and shared objectives.
•Operational Assistance: Support partners with financial documentation, resolving queries, and occasionally assisting with collections to maintain service quality and customer satisfaction.
•Team Development: Mentor and coach other Dealer Relationship Officers and internal staff, contributing to their professional growth and capability development.
•Process & Project Involvement: Actively participate in process improvement initiatives and collaborate on international projects to enhance underwriting efficiency and cross-functional effectiveness.
Work Experience:
•3 yrs +credit underwriting in asset finance or, corporate credit underwriting within a banking environment.
•Good knowledge of financial analysis, accounting principles, and credit risk assessments.
•Experience working in customer service or related customer-oriented environments.
Remuneration:
Basic salary to c£44,000
Annual bonus
Excellent pension