Insurance Underwriter jobs

At Melton Building Society, our purpose is to sustainably create homes and build thriving communities. Our success is due to our amazing people, who place customers and the community at the heart of everything they do.

We are looking for an experienced mortgage underwriter to assess standard and complex mortgage applications, making well-reasoned lending decisions within the Society’s lending policy, risk appetite and delegated authority.

You will manage your own caseload, act as a technical referral point for colleagues and support the Underwriting Manager with day-to-day oversight, quality assurance and development of the team.

About the position

Reporting to the Underwriting Manager, you will assess both regulated and unregulated decisions in principle and mortgage applications, taking ownership of cases and balancing sound credit judgement with clear communication and timely decisions.

Your responsibilities will include:

• Assess creditworthiness, income evidence, expenditure and existing financial commitments, including self-employed and complex income. Apply the Society’s affordability methodology and relevant stress testing to assess whether repayments are sustainable.
• Interpret valuation reports and relevant legal information, assessing property suitability, marketability, loan-to-value and any conditions required before funds are released. Assess interest-only repayment strategies and, where applicable, bridging exit plans.
• Approve, decline or refer applications within your delegated authority. Record clear lending decisions, material risks, mitigating factors and conditions, referring policy exceptions and cases outside your mandate to the appropriate decision-maker.
• Manage your caseload against agreed service standards without compromising credit quality or customer outcomes. Explain decisions and information requirements clearly to brokers and colleagues, taking account of customers’ support needs and providing technical input into complaints where required.
• Identify inconsistencies, potential fraud indicators and other financial crime concerns, escalating them through the Society’s procedures.
• Deputise for the Underwriting Manager in coordinating day-to-day workflow and complex referrals. Undertake allocated file quality reviews to check adherence to lending policy, delegated authorities and documentation standards.
• Contribute practical underwriting insight to the development of lending policy, criteria and affordability tools. Identify improvements that make processes clearer and more efficient while maintaining effective controls.
• Act as a technical referral point for complex cases. Coach and mentor underwriters, sharing knowledge and providing constructive technical feedback to support consistent lending decisions.

What are we looking for?

Essential experience and skills

• Demonstrable experience of manually underwriting UK mortgage applications, including complex cases, and making lending decisions within a delegated mandate.
• Ability to assess creditworthiness, sustainable affordability and income evidence, including self-employed accounts and complex income, and to interpret valuation reports, assess property security and evaluate repayment strategies.
• Sound understanding of relevant FCA mortgage rules, Consumer Duty and financial crime controls, with the ability to apply lending policy, identify material risks and document balanced, evidence-based decisions.
• Strong attention to detail, clear communication and effective caseload management. Experience of supporting colleagues with complex referrals and explaining lending decisions and information requirements.

Desirable experience and qualifications

• Limited company buy-to-let and portfolio landlord underwriting experience, including assessment of rental cover, aggregate borrowing, portfolio cash flow and company structures.
• Bridging finance underwriting experience, including assessment of exit credibility, timing, supporting evidence and the implications of delays.
• Experience of file quality reviews, coaching and contributing to lending policy or process improvements.
• CeMAP or another relevant mortgage, credit or banking qualification.

What’s in it for you?

We know that our most important asset at the Melton are our people – people who make things happen. We work in an industry where relationships with our customers are key to our success, and we continuously strive to make Melton Building Society a great place to work.

We aim to create an inclusive and supportive culture where our differences are embraced and where you feel that you belong.

For the right candidate, our competitive reward package includes:

- Generous employer pension contributions

- Free annual pension advice and pension welcome meeting

- 30 days holiday plus bank holidays

- Discretionary bonus scheme

- Health cash plan

- Reward platform with monthly treats and access to discounts

To apply, please enter your details & upload your CV.

You must have the right to work in the UK.

Pay: Up to £45,000.00 per year

Benefits:

• Casual dress
• Company pension
• Discounted or free food
• Free parking
• On-site parking

Work authorisation:

• United Kingdom (required)

Work Location: Hybrid remote in Melton Mowbray