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Underwriter- My Cashline

  • Location: Central London
  • Sector: Financial
  • Salary: £40,000-£50,000 depending on experience
mycashline.co.uk | fairer finance for business. Redefining opportunities for SMEs in the UK & Europe is the reason we get up in the morning; offering all businesses, including long standing and start-ups access to short term finance of up to £50,000 and with zero early repayment fees. With access to AI & various data points the underwriting process is seamless where we aim to fund businesses within just 3 hours from application.
Part of the Evergreen Group of Companies, we've lent over £40 million pounds to customers in the UK, and run major brands such as moneyboat.co.uk & the UK's Trusted Money Comparison App, comparo.app
As we grow mycashline we're looking for experienced Business to Business Underwriters who can help us make even better lending decisions whilst supporting our rapid growth.

The role
Our team of Underwriters are the backbone of our business. If you lend right from the start you're onto a winning hand. They're responsible for making lending decisions for each of the small businesses that approach us. Your mission will be to:
● Evaluate the incoming credit applications – using our in house lending management system, you will be analysing data from financial statements, credit reference agencies, application forms and other third party sources to arrive at fast, fair, and accurate decisions.
● Analyse credit data, financial statements and other data sources to determine the level of risk involved in lending.
● Conduct thorough due diligence to ensure affordability of credit in line with internal policy.
● Understand and accurately capture the specific revenue and risk drivers for SMEs.
● Be responsible for making lending decisions independently.
● Be actively involved in improving the decision making framework, through developments to our systems and processes.
● Communicate effectively with our Account Management teams to ensure customer needs are met at all times - Account Managers act as “super heroes" and you’ll work with them to ensure we do our best to meet our customer’s needs and offer a fast, slick service.
● Work closely with the Tech and Analytics team to improve systems and our scorecard to enable us to make better, faster and fairer decisions.
● Guide junior credit analysts / underwriters in their credit decisions and support their goals and targets

We look for people that are smart, humble, motivated and who are always looking to improve.
Ideally, you’ll have:

● Experience in commercial loan underwriting, credit sanctioning or credit analysis, preferably within the SME sector or alternative lending.
● Strong business acumen and a working understanding of what makes a good business good, so you can quickly identify the key drivers behind an application.
● A good understanding of how businesses operate, including their main risk and revenue drivers.
● The ability to interpret financial statements and an understanding of the key risk drivers specific to SMEs.
● An analytical mindset with a practical approach to problem solving.
● A confident and enthusiastic attitude that works well in a regularly changing and fast paced environment.
● Excellent communication skills. You may have direct telephone contact with loan applicants to extract additional information so need a friendly telephone manner.
● The ability to come up with innovative and scalable solutions to day-to-day problems and suggest changes to processes to improve our efficiency.

Benefits: What’s life like as part of our crew?
We all enjoy
● A lovely office in the West End, on Portman Square
● Competitive salaries which we regularly benchmark to ensure we pay everyone fairly
● Monthly staff lunches & yearly international retreats 
● Plenty of drinks and snacks in our office kitchen
Just for you
● Stock options
● 20 days holiday per year and an extra day off on your birthday :-)
● Flexible working
● Your own account with PerkBox with access to 100's of offers, discounted days out & even a
free weekly costa coffee!
● Achievements Based Cash Bonus Scheme
And to make sure we all keep learning, we offer
● Tickets to FinTech conferences across the UK
● A calendar of meetups we host at our office

To apply: Please contact yael@theworkavenue.org.uk