High Net Worth Underwriter

Job Description

As a High Net Worth Underwriter, we are looking for someone who is capable of unpicking complex financial webs to prove a customer can afford their debt. Allowing you to accurately underwrite, mandate and complete mortgage and secured loan applications for High Net Worth individuals as part of our Premier Service. Focusing on service delivery by following group lending criteria, policies and procedures, you will proactively manage customer and broker relationships whilst delivering a seamless level of service to increase future business.

• Interpret full statutory accounts (Ltd/LLP), specifically tracking how money moves between entities via dividends, director loans, and management charges.
• Reconstruct net income from diverse streams (trading profits, vesting, and carried interest) and assess its long‑term sustainability through multi‑year trend analysis and stress testing.
• Have working knowledge of UK personal and corporate tax (S455, SA302s, and dividend vs. salary) to understand how tax planning impacts actual cash flow.
• Be familiar with trusts, holding companies, and offshore vehicles to identify who truly controls the wealth and the feasibility of repatriating funds.
• Navigate FCA MCOB rules regarding HNW exemptions and modified affordability.
• Accurately triage clients against HNW definitions (£300k+ income / £3m+ net assets) and distinguish between income‑based underwriting and Asset‑Based Lending (ABL).
• Understand how various assets (from private equity to fine art) generate liquidity or future exit events.
• Justify policy exceptions and identify early warning signals within a client’s portfolio, such as concentration risk or high leverage.

• Exposure to HNW/Private Banking underwriting or specialist lending with modified affordability.
• Familiarity with KYC/AML/PEP nuances for HNW (complex ownership, source of wealth/source of funds checks).
• Demonstrable track record assessing dividend/loan account income and reading statutory accounts.
• Commercial pragmatism with control: balances risk with customer outcome; knows when to say no but starts with a desire to see how we can structure a deal within appetite.
• Can‑do, hands‑on. Willing to roll sleeves up in a fast‑paced, entrepreneurial environment.
• Communicates clearly and confidently, adapting style for brokers, valuers, solicitors, senior colleagues and HNW customers.

• Cases with cross‑border income/assets and FX conversion to GBP.
• Experience interacting with accountants/tax advisers and challenging assumptions.

• 26 days holiday, and a day off for your birthday (increasing with service to 30 days), plus bank holidays.
• Free access to company holiday homes.
• Buy & sell holidays.
• Discretionary annual bonus plus an additional Shared Reward Bonus.
• Matched pension contribution.
• Health cash plan plus Private medical insurance.
• Life assurance and Critical illness cover.
• Travel season ticket loans and Ride to work scheme.
• Free local gym access.
• Local bar / restaurant discounts.

Together embraces diversity and inclusion, and is proud to be an equal opportunity workplace. We welcome difference, celebrate it, support it and value our colleagues for who they are. We are committed to building a team that represents a variety of backgrounds, perspectives and skills.

Please note that all successful applicants will undergo relevant employment reference, financial and criminal record checks.