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About the Role

LHV Bank is seeking a Senior Underwriter to lead underwriting activities for the SME Lending team, focusing on recommendations, counterparty analysis, and ensuring strong serviceability and collateral for lending up to £5m.

Responsibilities

• Leads the implementation of the Credit Strategy in line with the Board’s Risk appetite, policies and corporate governance.
• Ensures strong levels of professional conduct, integrity, and values are respected through the Underwriting team and standards.
• Sets and maintains robust lending standards in line with industry guidelines and expectations.
• Ensures the delivery of favorable customer outcomes in terms of credit assessment and experience.
• Supports, coaches, and develops the underwriting team to the highest of standards.
• Supports the front-line team in achieving objectives and managing risk.
• Writes underwriting papers for submission to credit committee.
• Presents and supports cases at Credit committee.
• Monitors performance across the portfolio including in-life events, deteriorating trends and defaults.
• Sets and oversees appropriate covenants and conditions.
• Works with the Director of Credit, Underwriters and stakeholders in relation to the oversight process for the portfolio.
• Reviews existing transactions periodically and annual reviews.

Requirements

• Significant prior experience within Underwriting on significant deal sizes with an associated mandate.
• Prior experience of the credit and economic cycle is beneficial including involvement in Annual Reviews, Covenant Monitoring, Watchlist, Collections and Restructuring cases.
• Ideally knowledge and experience within Banking or Financial Services.
• Strong analytical and numerical skills including working with Data Visualisation tools.
• Previous experience of writing policies and reports.
• Excellent Stakeholder Management skills.

Skills

• Data Visualisation tools
• Stakeholder Management

Location

• London

Work Type

• Office-based
• Hybrid working

Experience Level

• Senior

Salary/Compensations

• Competitive salary

Benefits

• Competitive salary & lots of opportunities to learn, grow and progress professionally.
• Open and inclusive culture.
• Hybrid working.
• Fantastic offices and great working environment.
• Vitality Health Plan (includes private health insurance, travel insurance, gym discounts)
• Health cash Plan (Medicash health plan Level 3)
• 6% employer pension contribution.
• Life assurance – 4 x salary.
• Income protection insurance – 75%
• 28 days holiday plus 3 additional days, & further days for various key life events as well as the opportunity to sell up to 5 days per calendar year.
• Swap public/bank holidays each year for alternative days that align with your personal, cultural, or religious observances.
• Enhanced family friendly and family forming policies.
• Access to a wide range of retail discounts.
• Team Socials.

About the Company

• LHV Bank Limited is a UK-licensed bank operating across three core business segments: Retail Banking, SME Lending, and Banking Services (BaaS).
• The bank is a wholly owned subsidiary of LHV Group, a listed financial services provider headquartered in Estonia.
• LHV Bank operates under a full UK banking licence granted in May 2023.
• The Bank supports over 200 fintech clients with embedded financial infrastructure, provides retail savings products via digital channels, and offers SME credit solutions across the UK.
• In line with its regulatory responsibilities and growth ambitions, LHV Bank is committed to maintaining a robust and proportionate financial crime control environment.
• Expanding our services, LHV Bank now provides personal banking solutions.
• Our offerings include current accounts with competitive interest rates, fixed-rate bonds for long-term savings, and debit cards.
• Customers can conveniently access these services through the LHV App, enabling secure account opening and management.