Underwriting Manager (Remote)

💷 Salary - from 55k p.a. plus yearly bonus scheme

⏰ 37.5 hours a week, shift patterns 9am to 5.30pm, 10am to 6.30pm, 11.30am to 8pm. Rotating 1 weekend in 3

💖 Our perks

🌏25 days holiday increasing to 28 after 3 years of service, plus bank holidays, to take time to recharge and do something you love.

🤸 Hybrid working – you’ll be able to split your time between working in the office and at home.

🤒Healthcare plan – free healthcare via Vitality for you and your family. You’ll receive money back on health appointments e.g. dental, optical and more.

👍Pension – Oodle will contribute 5% of your salary into your pension pot to help you save for the future.

🥝Free breakfast, drinks and fruit in the office – you can help yourself to cereals, toast, fizzy drinks and lots of fruit.

🤟Employee discounts – discounts you can access anywhere, anytime for all major shops.

👌1 day volunteer day per year – an opportunity to give back to the community each year.

⭐Mental health care – 6 free counselling sessions via our EAP (Employee Assistance Programme).

👨‍Enhanced family leave – we provide enhanced family leave for primary and secondary caregivers.

🚗 Oodle – who are we? 🚗

Our mission is to be the UK’s simplest way to find and finance a great value used car. We want to put car buyers back in control and make the car buying experience as simple, straightforward, and joyful as possible as car buyers deserve oodles of car buying confidence!

We are a team of 450 people located in Manchester, Oxford and London. Over the past 8 years, we’ve supported 10,000’s of customers on their car buying journey and know 2024 is shaping up to be another exciting year!

🙌 The Role

Underwriting Manager at Oodle Car Finance.

Oodle Car Finance are seeking a dynamic and experienced individual to join our team as the Underwriting Manager.

As the Underwriting Manager, you will be directly responsible for leading and managing our underwriting department, ensuring the timely and accurate assessment of credit applications while maintaining strict compliance with company policies, regulatory guidelines, and risk management practices. Your role will be critical in shaping and implementing underwriting strategies to drive business growth while effectively managing credit risk.

What you’ll be getting up to:

Leadership and Team Management:

Lead, manage, and mentor a team of Underwriters, fostering a positive and collaborative work environment.
Set clear performance objectives, provide regular feedback, and conduct performance evaluations.
Foster a culture of continuous learning, development, and knowledge sharing within the Underwriting team.
Being the point of escalation for the team and wider business for underwriting queries.

Underwriting Strategy and Process:

Ensure underwriting processes are aligned with Oodle’s wider credit strategy and risk appetite.
As an Underwriting subject matter expert, work alongside key stakeholders to input into key requirements and challenge assumptions.
Establish and maintain underwriting policies, procedures, and guidelines to ensure consistent and accurate assessments.
Regularly review and update underwriting processes to improve efficiency, effectiveness, and customer experience.
Support the company in growth initiatives whilst managing the associated risks.

Credit Risk Management:

Support the team in evaluating Hire Purchase applications, assessing creditworthiness, considering factors such as application data, affordability, credit referencing agency reports and open banking data.
Stay abreast of industry best practices and market trends related to underwriting and credit risk management.

Compliance and Regulatory Adherence:

Ensure compliance with relevant regulatory requirements as set out by Oodle’s Compliance Team, including but not limited to Consumer Credit Act, Financial Conduct Authority (FCA) guidelines, and Anti-Money Laundering (AML) regulations.

Stakeholder Management:

Collaborate with internal stakeholders, such as Sales, Product, Quality Assurance, Compliance and Credit Risk, to understand business objectives, ensure underwriting decisions support organisational goals and improve underwriter efficiency through technological change.
Represent Underwriting in relevant committees, providing commentary on regular reports, analysis, and insights to senior management on underwriting performance and operation efficiency.

The role will be a great fit if you have:

Proven experience in underwriting and credit risk management within the motor finance sector.
Knowledge of UK regulatory frameworks, including Consumer Credit Act, FCA guidelines, and AML regulations.
Demonstrated leadership abilities with a track record of managing and developing high-performing teams.
Excellent decision-making skills, with the ability to evaluate complex financial information and assess credit risk.
Effective communication and stakeholder management skills, with the ability to interact confidently with internal and external parties.
Knowledge and experience of lending to understand what works well but how you could do things differently to drive great customer experience

💚 Our Values  

Our values are our personal brand and lay the foundation of what we care about the most. They provide us with guidance, so we can work towards the same goals. They are our DNA and are kept at the forefront of our Oodler’s mind when making business decisions.  

Embrace being human – empathy and diversity make us stronger.  
Strive for awesome – it’s awesome when we do better every day.  
Everyone’s a builder – we’re in this together and we win as a team.  
Bravely honest – we’re honest with ourselves and everyone else.  
Think customer – they’re at the heart of everything we do.

To find out more about our culture and what happens at Oodle check out our LinkedIn and Instagram. 

Oodle is proud to be an inclusive workplace and we recognise diversity of experience, thoughts and backgrounds leads to better customer outcomes and an environment where our colleagues can thrive. We have several DEI networks which are made up of our ‘Oodlers’ who strive to make positive impacts to our cultures.

We’d love if you could submit your application online, but if you need an alternative method or need reasonable adjustments to take part in the interview process, please email careers@oodlefinance.com

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Please indicate your desired salary (don't worry we're not taking this as a firm commitment but we also won't waste your time if we're poles apart!) *

Do have the right to work in the UK for the next 2 years? *

What's you notice period or when are you available to start a new job? *

Do you have your own finance arrangement with Oodle? *

If you answer YES and you go on to become and employee of Oodle, a select number of your colleagues will have access to your personal information and finance details as part of their role. On joining you will be asked to sign a declaration confirming you have been made aware of this and to also confirm that you will not access your own personal information on the company's customer database. As a new employee and a customer you will be prohibited from refinancing or obtaining a future car finance whilst working with the company.

As Oodle is a financial services company, regulated by the Financial Conduct Authority (FCA), confirmation of employment will be subject to a variety of screening checks which will be carried out once an offer of employment is accepted. These checks will include right to work checks, employment references covering the last 5 years, higher education checks, CIFAS checks (IFD & NFD), credit search (soft search), Terrorism Check (against data supplied by the Bank of England) and a DBS check previously known as a Criminal Records check. Please check YES if you have read and understood this statement? *

In relation to the screening checks mentioned in the above statement it is extremely important that you are bravely honest and make us aware as soon as possible at the point of applying to Oodle if you have something to disclose (however big or small.) We explore all inconsistencies that come to light during the screening process for new joiners and, depending on the inconsistency, it may be necessary to withdraw an offer of employment. Do you have something to disclose? *

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https://www.oodlecarfinance.com/recruitment-privacy-notice

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