Senior Underwriter

The Underwriting department supports the Bank by assessing the risk of lending and protecting the Bank against this risk and losses. With strong market knowledge, diagnostic approach and ability to give dependable decisions, the team take a common-sense approach to manual underwriting.

As Senior Underwriter you will work within the Bridging team facilitating and progressing mortgage applications, within the assigned mandate level, through to mortgage offer and in line with the Bank's operating procedures and policies and the Mortgage Credit Directive.

The role requires a combination of technical knowledge, strong communication skills, attention to detail, and the ability to collaborate with various teams.

• Reviewing and Issuing Terms
  :
  Quickly assessing and issuing terms for agreement in principle requests from intermediaries.
• Underwriting Applications
  :
  Reviewing mortgage applications, taking a risk-based approach to ensure they align with company policy and criteria, offering loans within the assigned mandate level.
• Handling Out-of-Policy Cases
  :
  For applications outside normal policies or your approved mandate, providing recommendations for escalation.
• Communication
  :
  Regular interaction with intermediaries and solicitors, both over the phone and in writing.
• Collaboration
  :
  Understanding time-sensitive customer needs and collaborating with sales teams to meet them.
• Policy and Process Implementation
  :
  Assisting management in making sure internal policies and processes are properly followed.
• Coaching Team Members
  :
  Offering guidance and training to newer or less experienced colleagues.
• Managing Escalations
  :
  Dealing with difficult queries or complex situations and helping resolve them, while also training team members.
• Identifying and Escalating Potential Fraudulent Activity: recognising red flags and inconsistencies that might indicate fraudulent behaviour, adhering to company processes for escalating concerns and reporting.

We offer a base salary dependent on experience of between £41,000 - £45,000 and a competitive benefits package including:

• Annual discretionary bonus opportunity: 17.5%
• 30 days annual leave
• Choose to contribute 3% or 5% pension, with employer contributions of 6% or 8% respectively
• Enhanced family-focused benefits
• Hybrid-working
  * 3 days per week in the office, 2 at home

Please use this link to see the fantastic benefits available at OSB: OSB Careers

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become 'the bank of the future'.

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

We are looking for talented individuals who have the experience and qualifications set out below:

• Mandated mortgage underwriting experience within Bridging.
• Strong knowledge of the Data Protection Act, Anti-Money Laundering, MCOBS and MMR.
• Detailed knowledge of the FCA/PRA regulations regarding residential mortgages.

Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational. If you need any adjustments or support, we're here to make sure you can show your best self.

We are proud to be a Disability Confident employer and are committed to creating an inclusive and accessible workplace where everyone can thrive.

We welcome applications from people of all backgrounds and encourage candidates with disabilities and long-term health conditions to apply.

If you meet the minimum criteria for the role and…