Head of Credit

Job Title

Senior Underwriter/Head of Credit

37 hours per week. 9:00am to 5:00pm Monday to Thursday, 9:00am to 4:30pm Friday with ½ hour lunch break. Some occasional work in the evenings and early mornings may be required.

28 days per annum plus statutory Bank Holidays.

Dependent on experience.

Up to 10% matching contribution to group personal pension scheme plus 4 × basic salary cover for death in service.

Annual £250 Personal Development Allowance, Health Cash Plan and Hospital Treatment Insurance. Discretionary Annual Bonus. Continuing professional development.

£400 per month plus 0.25p mileage allowance.

Responsible to:
Chief Executive.

Chairman of the Board, Finance Director, Head of Business Development, Portfolio and Compliance Manager, Business Development Managers, Finance Team, Marketing Team.

To manage the credit policy, sanctioning processes and procedures and support to the BDM Team.

Lead the team of sanctioners, delivering consistent and appropriate credit decisions, and organise the team’s availability to meet SLAs.

Act as the first line of approval for progressing new appraisals and due diligence work for new loan applications by the BDMs.

Ensure that credit policies are strictly adhered to and review and update credit policy, procedures and processes.

Ensure loan applications are compliant with funding and guarantee scheme rules.

Provide coaching and support, training and development for the BDM team.

Support Head of Business Development in inducting and training new BDMs in writing loan applications.

Support and train sanctioners.

Liaise with the Portfolio Managers to review problem cases, identifying learnings and amending credit policy, loan appraisal process and providing training to the BDM and sanctioning team as appropriate.

Arrange monthly meetings with Sanctioners and Head of Business Development to discuss any challenges and improvements to credit policy, loan appraisal and sanctioning process, loan paperwork process and process from sanction to release and any challenges with SLAs.

Keep abreast of wider macro‑economic and political landscape, amending credit policy, loan appraisal process and providing training to the BDM and sanctioning team as appropriate. This may result in specific sectorial issues being identified and specific sectorial loan appraisal and training will need to be implemented.

At the end of each week document what is expected for sanction and release in the following week.

Alongside Head of Business Development, oversee the liaison between the BDM and Admin teams.

Work alongside the Head of Business Development to ensure loan paperwork is prepared in a timely and accurate manner and within required SLAs.

Work alongside Head of Business Development to oversee and complete required processes from sanction to release.

Work alongside the Head of Business Development to ensure loans are released efficiently and within SLAs.

Oversee Deed of Priorities and other in life loan events.

Attend Leadership Team Meetings to report on credit related matters including but not limited to:

• New ideas from credit
• Developments to the credit process
• Learnings from non‑performing loans
• Any credit issues with specific BDMs and action plan to address this

Contribute to the strategic direction of BCRS Business Loans.

Produce management information as required.

Be an active member of the Impact Working Group and consider potential changes to product design and credit policy.

Assist with funding applications.

Demonstrate commitment to continuous improvement and development of all systems and processes. Participate in personal and professional development activities.

Promote the services of BCRS through attendance at networking meetings, conferences, trade fairs and other relevant events.

Adhere to company policies and procedures including BCRS Performance Management Framework and Equal Opportunities Policy.

Work alongside the Portfolio and Compliance Manager to ensure systems and controls are compliant with FCA requirements.

Carry out any other duties required by the Chief Executive.