Underwriter

About Bits:

Bits is a fast-growing fintech startup based in London. We are dedicated to promoting financial inclusion and providing credit building solutions to individuals who have been overlooked by mainstream lenders. With the support of renowned investors, we have quickly gained traction and currently serve over 300,000 customers across the UK.

About the role:

We are seeking a skilled and detail-oriented lending Underwriter to join our team. As an Underwriter at Bits, you will play a crucial role in assessing and evaluating credit applications, ensuring that we make sound lending decisions while maintaining a customer-first approach. You will work closely with our risk management, data, and customer service teams to ensure our lending process is efficient, accurate, and in line with our growth objectives.

Responsibilities:

• Credit Evaluation: Assess and underwrite credit applications, reviewing financial documents, credit reports, and other relevant data to determine applicant creditworthiness.

• Risk Assessment: Analyse risk factors associated with each application, balancing the need for growth with the responsibility of managing risk.

• Decision Making: Make informed lending decisions within set approval limits, escalating complex cases as needed.

• Compliance: Ensure all underwriting decisions comply with regulatory requirements and company policies.

• Collaboration: Work closely with the risk manager and compliance team to refine and improve our underwriting criteria and processes.

• Customer Interaction: Occasionally interact with customers to clarify information and provide explanations regarding underwriting decisions.

• Continuous Improvement: Stay updated on industry trends, regulations, and best practices to continuously improve the underwriting process.

• Minimum of 3-5 years of experience in underwriting, preferably in a fintech or consumer credit environment.

• Bachelor’s degree in finance, economics, business, or a related field.

• Strong analytical and decision-making skills.

• Proficiency in using underwriting software and financial analysis tools.

• Excellent attention to detail and ability to work with large data sets.

• Good communication skills, with the ability to explain complex financial information clearly.

• In-depth understanding of credit scoring models, risk assessment, and lending regulations.

• High level of integrity and professionalism.

• Ability to work independently and as part of a team.

• Customer-focused mindset with a commitment to responsible lending.

• A dynamic and inclusive work environment in a rapidly growing fintech startup.

• Opportunities for professional development and career growth.

• Competitive salary.

• The chance to make a significant impact on financial inclusion and credit building for underserved communities.

Please submit your resume and a brief cover letter outlining your relevant experience and why you are a great fit for this role.