High Net Worth Underwriter

Benefits

26 days holiday, including a birthday day off (increasing to 30 days with service), plus bank holidays.

• Free access to company holiday homes
• Buy & sell holidays
• Discretionary annual bonus and a Shared Reward Bonus
• Matched pension contribution
• Health cash plan and 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

As a High Net Worth Underwriter you will unpick complex financial webs to prove a customer can afford their debt. By accurately underwriting, mandating and completing mortgage and secured loan applications for High Net Worth individuals, you will support our Premier Service. You will follow group lending criteria, policies and procedures, proactively manage customer and broker relationships and deliver a seamless level of service to increase future business.

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

• 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 balancing risk and customer outcome; knows when to refuse but seeks to structure within appetite.
• Hands‑on, can‑do attitude in a fast‑paced, entrepreneurial environment.
• Clear, confident communication adapted for brokers, valuers, solicitors, senior colleagues and HNW customers.

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

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.

If you require support or reasonable adjustments during any stage of the recruitment process, please let us know. This information will be used to ensure you are able to perform at your best.

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