Bridging Underwriter
Job title: Bridging Underwriter
Location: Remote
Salary: Up to £50,000 per annum (depending on experience)
Hours: Monday to Friday 9 am to 5:30 pm
Benefits:
- 25 days annual leave, plus bank holidays; increasing by 1 day per year worked, up to a maximum 30 days
- Option to buy/sell up to 3 days' holiday
- Death in Service at 4 x salary (from day one of employment)
- 5-year, 10-year and 15-year excellent service awards
- Car parking (limited onsite or, if offsite, cost of parking refunded)
- Employee Assistance Programme
- Active charity support (non-mandatory)
- Monthly mindfulness sessions
- Complimentary Christmas/summer parties/Team evenings and social events
- Company BBQs on HQ sun terrace
- Daily fruit bowl, healthy snacks, and coffee machine/tea
- Paddleboards for free hire/Office table tennis.
- Workplace pension scheme
As a Bridging and Refurbishment Underwriter, you will be responsible for assessing, structuring, and managing short-term property finance applications, underwriting bridging and refurbishment loans in line with the company's credit policy, lending criteria, and risk appetite. Candidates should have proven experience in bridging and/or refurbishment lending, with a minimum of two years' underwriting experience within specialist property finance preferred.
Responsibilities for the position of Bridging Underwriter:
- Review and underwrite bridging and refurbishment finance applications from initial enquiry through to completion.
- Conduct full risk assessments, including borrower background checks, asset analysis, exit strategy, credit history, and AML compliance.
- Analyse and assess valuation reports, contractor quotes, cost schedules, and development appraisals to ensure project viability.
- Liaise with solicitors, brokers, valuers, borrowers, and internal teams to progress applications efficiently and accurately.
- Work closely with surveyors and asset managers to assess the feasibility of refurbishment projects and monitor works.
- Identify, assess, and mitigate risks relating to borrowers, property, legal, or market exposure.
- Present complex cases with clarity to credit or risk committees, making lending recommendations within delegated authority.
- Ensure adherence to internal policies, underwriting standards, and AML requirements.
- Maintain accurate and timely records within internal systems, ensuring effective audit trails.
- Support continuous improvement by providing feedback on lending criteria, operational processes, and risk management.
- Minimum of 2 years' experience underwriting short-term bridging loans and/or refurbishment finance.
- Strong understanding of property valuations, legal conveyancing, and development/refurbishment cost assessments.
- Good working knowledge of AML, KYC, and due diligence practices.
- Commercial acumen with the ability to assess deals beyond standard "tick-box" underwriting.
- Proficient in interpreting financial statements, credit reports, and legal documentation.
Stellar Select is acting as an employment agency and is a corporate member of the REC.
Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days.
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