Underwriting Team Lead

Abound·Remote(United Kingdom)
Other
Excel

WFA Digital Insight

The demand for skilled underwriting professionals in the UK's fintech sector has grown significantly, with a focus on advanced AI and Open Banking data. Abound is at the forefront of this trend, and this Underwriting Team Lead role is a key position in driving the company's underwriting performance. With the right combination of technical skills, such as Excel, and leadership abilities, candidates can thrive in this role. As the job market continues to evolve, it's essential for candidates to stay up-to-date with the latest developments in consumer lending and AI. Before applying, candidates should be aware of the company's commitment to fairness, quality, and customer care, as well as the importance of inspiring a culture of high achievement within the team

Job Description

About the Role

The Underwriting Team Lead role at Abound is a critical position that requires a unique blend of technical expertise, leadership skills, and industry knowledge. As a key member of the underwriting team, the successful candidate will be responsible for driving the company's underwriting performance and operational excellence. With a focus on advanced AI and Open Banking data, this role offers a challenging and rewarding opportunity for experienced underwriting professionals to make a real impact.

The Underwriting Team Lead will work closely with the senior management team to develop and implement underwriting strategies that align with the company's overall goals and objectives. This will involve collaborating with cross-functional teams, including data science and product development, to ensure that underwriting decisions are informed by the latest insights and trends. The role will also involve leading and managing a team of underwriters, providing guidance and support to help them achieve their full potential.

Abound is a company that values innovation, fairness, and customer care, and the Underwriting Team Lead will be expected to embody these values in their work. With a commitment to excellence and a passion for staying ahead of the curve, the successful candidate will be able to drive real change and make a lasting impact on the company's underwriting performance.

What You Will Do

  • Develop and implement underwriting strategies that align with the company's overall goals and objectives
  • Collaborate with cross-functional teams, including data science and product development, to inform underwriting decisions
  • Lead and manage a team of underwriters, providing guidance and support to help them achieve their full potential
  • Analyze and interpret complex data sets, including those related to AI and Open Banking, to inform underwriting decisions
  • Develop and maintain relationships with key stakeholders, including senior management and external partners
  • Stay up-to-date with the latest developments in consumer lending, AI, and Open Banking, and apply this knowledge to drive underwriting innovation
  • Identify and mitigate risks, and develop strategies to minimize credit losses
  • Collaborate with the data science team to develop and refine underwriting models and algorithms
  • Provide training and support to underwriters to help them develop their skills and knowledge

What We Are Looking For

  • A minimum of 2 years' experience in a senior underwriting or team lead role
  • Proven ability to inspire, motivate, and develop others
  • Demonstrated success in achieving performance targets within a fast-paced environment
  • Strong technical skills, including proficiency in Excel and experience with underwriting software
  • Excellent communication and interpersonal skills, with the ability to build strong relationships with stakeholders
  • Strong analytical and problem-solving skills, with the ability to interpret complex data sets and make informed decisions
  • Experience working in a consumer lending or fintech environment, with knowledge of AI and Open Banking
  • A strong understanding of risk management principles and practices
  • Experience working in a team environment, with a strong focus on collaboration and teamwork

Nice to Have

  • Experience working with machine learning algorithms and data science techniques
  • Knowledge of programming languages, such as Python or R
  • Experience working in a cloud-based environment, with familiarity with cloud-based underwriting software
  • Certification in a relevant field, such as underwriting or risk management
  • Experience working in a hybrid or remote work environment

Benefits and Perks

  • Equity in the company
  • Hybrid work arrangement, with 3 days per week in the office
  • 25 days' holiday per year, plus 8 bank holidays
  • 2 paid volunteering days per year
  • One month paid sabbatical after 4 years
  • Employee loan
  • Free gym membership
  • Team wellness budget
  • Opportunities for career development and professional growth
  • Collaborative and dynamic work environment
  • Access to the latest technology and tools
  • Recognition and reward for outstanding performance

How to Stand Out

  • To stand out in this role, be prepared to provide specific examples of how you've driven underwriting performance and operational excellence in previous positions
  • Make sure you have a strong understanding of AI and Open Banking, and be prepared to discuss how you've applied these technologies in your work
  • Develop a portfolio that showcases your technical skills, including proficiency in Excel and experience with underwriting software
  • Be prepared to discuss your approach to risk management and how you've identified and mitigated risks in previous roles
  • Consider obtaining certification in a relevant field, such as underwriting or risk management, to demonstrate your expertise and commitment to the field
  • Don't be afraid to ask questions during the interview process, and be prepared to discuss your long-term career goals and how they align with the company's vision
  • Be prepared to provide examples of how you've led and managed teams, and how you've developed and implemented strategies to drive team performance

This is a remote position listed on WFA Digital, the platform for professionals who work from anywhere. Browse more remote jobs across all categories.