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Underwriter Job in United Kingdom
Uncapped , United Kingdom

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Experience
1 Year
Salary
0 - 0
Job Type
Job Shift
Job Category
Requires Traveling
No
Career Level
Telecommute
Yes
Qualification
Bachelor's Degree
Total Vacancies
1 Job
Posted on
Apr 11, 2021
Last Date
Jul 11, 2021
Location(s)

Job Description

Underwriter

A fully remote role based in the UK or Europe

Role Overview

At Uncapped, we help ambitious founders realise their dreams. This Underwriter will sit at the core of our company. You will be responsible for determining the creditworthiness of businesses, monitoring the portfolio and improving our lending policies and end-to-end processes. In doing so, you will help fund thousands of growing SMEs that are the lifeblood of the global economy and the top measurement of Uncapped’s future success.

Our loan book is growing exponentially. You’ll have the opportunity to work closely with teams throughout the company to improve and automate our underwriting process so that we effectively maintain this trajectory.

You will form part of a small team and will report directly to the Head of Credit Risk, who will provide the support and resources for you to help shape the role and wider function.

About Uncapped

We believe founders shouldn’t have to give away ownership of their company to fund growth. That’s why we’ve provided interest and equity-free investments from 10k to 2 million to founders and companies who are changing the world. We charge a flat fee of 6% on the capital provided and are repaid through a revenue share. There are no pitches, cap tables, or coffees required. Founders can apply online, receive an offer, and start growing their business!

We are a fully remote team, hailing from the likes of Monzo, Revolut, Funding Circle, and Google. We’ve raised $40 million from Europe’s top investors, including Seedcamp, Global Founders Capital, and Mouro Capital (Santander Bank). Our collective focus is on building compelling products and expanding internationally so that more companies have access to the growth capital they need to thrive.

What you will do

We need a lending expert to contribute to the continued growth of the business by assessing credit applications in the context of our policy guidelines and risk appetite. The Underwriter will

  • Make timely and informed decisions by thoroughly analysing credit applications and presenting which product and terms customers are eligible for
  • Further our competitive advantage by improving our underwriting rules for existing and new product lines
  • Minimise the businesses risk exposure by carrying out Due Diligence and data integrity checks on potential customers
  • Ensure sustained performance of the loan book through regular risk assessments and monitoring of the portfolio
  • Collaborate with the Sales and Tech teams to continuously improve and automate the end-to-end application process
  • Help us to meet our reporting requirements by keeping reporting tools up-to-date and producing credit memos as required

Requirements

Who you are

This role will suit someone with a background in SME lending, challenger banks, and other disruptive FinTechs. Someone who is passionate about our products and how we are revolutionizing the way startups are funded will be a great advantage. We’re looking for someone with:

  • A number of years of experience as an SME underwriter
  • Practical experience in developing risk scorecards and automating underwriting processes
  • Excellent analytical skills, with a strong understanding of marketing, transaction and accounting data
  • Great attention to detail, with a focus on continuous process improvement
  • Critical and first-principles thinking with a willingness to challenge the status-quo and suggest new approaches to solving problems
  • An excellent team player style who is comfortable collaborating with others to resolve issues and move forward.

Benefits

What we offer

At Uncapped, our people make us successful. We are a startup with big goals and we work hard, so we want to give everyone the benefits they really want. We’re continually adding to this list as new people join -- here are some of the things you can expect:

  • Competitive compensation plan + Company pension
  • Personal growth fund: Raise your game from great to spectacular
  • Flexible working: Remote-first processes for ultimate flexibility
  • Generous holidays: 30 days to see the world (send us a postcard)
  • Your birthday off: Enjoy your special day on us
  • Annual retreat abroad: Connect with your team on a paid staff trip
  • Weekly recognition and awards: Celebrate wins big and small
  • Workspace fit for you: 300 to improve your home office
  • The opportunity to make a big impact every day on the lives of European entrepreneurs.

Job Specification

Uncapped

Information Technology and Services - London, United Kingdom