Underwriting Manager

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 youll 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 Oodles 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 Oodles 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 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 Oodlers mind when making business decisions.

Embrace being human empathy and diversity make us stronger.
Strive for awesome its awesome when we do better every day.
Everyones a builder were in this together and we win as a team.
Bravely honest were honest with ourselves and everyone else.
Think customer theyre 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.
Wed 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

Competitive Salary
Discretionary Company 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
Hybrid working

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 youll 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. Youll 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 UKs 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, weve supported 10,000s of customers on their car buying journey and know 2024 is shaping up to be another exciting year!