Senior Underwriter - #2191987

Job Description

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Senior Underwriter

Chief Risk Officer

Hybrid / UK

August 2026

1. Purpose of the Role

The Senior Underwriter will play a critical role in launching and growing Bruumi's business. Reporting directly to the Chief Risk Officer, this is a hybrid, hands-on role responsible for underwriting vehicle funding applications and inputting to the processes and policies for new business acceptance. The primary objective is to make responsible funding decisions delivering good customer outcomes, maintaining credit quality and operating within Bruumi's commercial and regulatory framework.

This role is ideal for an experienced motor finance underwriter combining commercial pragmatism with sound judgement, regulatory awareness and a strong service ethos. The successful candidate will be comfortable assessing applications on an individual basis as well as inputting to process design and ongoing improvement.

 They will have meaningful exposure to senior leadership and the opportunity to influence the credit risk appetite, operating model and future development of the risk function.

They will be responsible for training and supervising Junior Underwriters, and providing support to other parts of the operation on credit risk related matters.

2. Key Responsibilities

Underwriting Applications

As a Senior Underwriter, you’ll assess and progress motor finance applications, ensuring each case is managed accurately, efficiently and in line with responsible-lending requirements.

Your responsibilities will include:

·        Reviewing and manually assessing motor finance applications against lending criteria

• Checking customer documentation and requesting further information where needed
• Reviewing income, expenditure and affordability information
• Making sound underwriting decisions in line with policy and risk appetite
• Maintaining accurate, up-to-date case records
• Managing applications in line with agreed service levels and KPIs
• Liaising with internal stakeholders throughout the application process
• Supporting positive customer outcomes through accurate and responsible lending decisions
• Providing support and guidance to colleagues on matters related to underwriting and application completion, fostering a collaborative and knowledge sharing environment
• Contributing to the continual improvement of the company’s financing proposition by identifying opportunities for enhancement and implementing innovative solutions

Assessing Credit Quality

A key feature of the senior role will be to keep oversight of the quality of decisions being made by both the automated and manual underwriting streams.

Your responsibilities will evolve, but will include:

·        Retro underwriting (post payout) of automated decisions

·        Sampling of junior staff underwrites

·        Assessment of learning points from cases going into early arrears

·        Assessment of learnings for all cases that reach default

Team & Culture

·        Promote a culture of accountability, collaboration, continuous improvement and constructive challenge.

·        Act as a positive role model, demonstrating professionalism, integrity, sound judgement and a strong work ethic.

3. Experience/ Knowledge and Skills

Essential Requirements

·        Minimum of three to five years' underwriting within UK motor finance, ideally in the near-prime or non-prime market.

·        Experience of assessing affordability from open banking or other sources

·        Keen understanding of the requirements of the FCA in terms of signs of customer vulnerability and signs of distress.

·        Experience of inputting to the design or development of lending rules

·        Experience of reviewing cases after arrears or fraud have been the outcome to help feed back to amend underwriting processes.

·        Strong working knowledge of the UK motor finance market, hire purchase products, intermediary distribution and the relevant customer processes.

·        Practical understanding of FCA expectations, Consumer Duty, vulnerable customer treatment, complaints handling and Specialist Automotive Finance standards.

·        Ability to interpret management information, identify material trends and convert analysis into practical actions.

·        Clear written and verbal communication skills, including the ability to explain products, policies and processes to different audiences.

·        Good judgement and risk awareness, with the confidence to challenge poor practice and escalate concerns promptly.

·        Strong commercial awareness and the ability to balance growth, partner service, portfolio quality, customer outcomes and regulatory obligations.

Desirable Requirements

·        Experience of managing rules within a decision engine

·        Experience helping to launch or scale a new lender, fintech or motor finance proposition, would be an advantage.

·        Experience of building evidence to report fraud to CIFAS.

·        Specialist Automotive Finance accreditation or another relevant professional qualification.

·        Exposure to Sharia-compliant, ethical or alternative finance propositions, would be an advantage.

·        Experience contributing to product, process or technology improvements.

5. Behavioural Competencies

Self-Starter and Ownership Mindset

Takes responsibility for underwriting outcomes, manages activity proactively and operates effectively with limited supervision.

6. Working Arrangements

Bruumi operates Monday to Friday, 9am to 7pm, and Saturday, 9am to 5pm. You’ll work 35 hours a week on a rota within these hours, which may include early and late shifts and Saturdays. Rotas are planned to cover the service fairly across the team and are published at least two weeks in advance. Where you work a Saturday, this is part of your 35 hours, and you’ll have equivalent time off during the week. We’ll try to take personal circumstances into account, and you can request shift swaps with colleagues, subject to manager approval.

7. Conduct

The Senior Underwriter will be expected to uphold the highest standards of personal and professional conduct. This includes acting in accordance with Bruumi’s Code of Conduct, the FCA’s Conduct Rules and company policies. The individual will promote transparency and accountability and make sure that every customer and partner interaction supports the company’s regulatory, customer and reputational responsibilities. These include but are not limited to:

• Acting with integrity
• Acting with due skill, care and diligence
• Being open and co-operative with regulators
• Paying due regard to the interests of customers and colleagues and treating them fairly
• Observing proper standards of market conduct
• Acting to deliver good outcomes for customers

Should the role become subject to specific SMCR certification or other regulatory requirements in the future, any additional responsibilities, training, assessment or documentation requirements will be communicated and implemented accordingly.

8. Working Pattern, Salary and Benefits

We offer an overall competitive salary and benefits package, with KPI`s which align not only with Bruumi`s strategy and objectives, but one which is designed around fair customer outcomes and the principles of the regulator.

·        Permanent, full time: 35 hours a week on a rota across Monday to Friday, 9am to 7pm, and Saturday, 9am to 5pm. Any Saturday worked is given back as a day off in lieu.

·        Competitive base salary with performance-related on-target earnings assessed through a balanced scorecard that includes credit quality, customer outcomes and conduct.

·        Private medical insurance

·        Enhanced pension scheme from day one

·        Life cover, four times salary.

·        30 days' annual leave plus statutory bank holidays.