Senior Underwriter - Real Estate Finance

Job Description My client is an established non-bank lender who provides development, refurbishment and bridging finance.OverviewThis role is ideal for an experienced underwriter looking to take ownership of more complex lending decisions whilst supporting and mentoring junior members of the team.You will be responsible for assessing and structuring lending opportunities, preparing and presenting credit papers and managing transactions through to completion. Alongside this, you will provide day-to-day guidance to a Junior Underwriter and support the continuous improvement of underwriting standards, processes and consistency.The role requires a hands-on approach combined with strong commercial judgement to ensure deals are structured appropriately and aligned with the companys credit risk appetite.ResponsibilitiesIndependently assess new lending enquiries for bridging and development loans in line with company criteria.Review borrower background information, financial position and exit strategy in detail.Analyse supporting documentation, including bank statements, asset & liability statements and credit searches.Review property information including valuation reports, comparable evidence and monitoring surveyor reports.Identify key risks and strengths within each proposal and ensure appropriate mitigation is in place.Prepare and present Credit Papers to Credit Committee, including clear rationale and recommendation.Approve deals within delegated lending authority where applicable.Ensure all underwriting is completed in a competent, consistent and compliant manner.Ensure all lending decisions are aligned with the companys credit risk appetite and policy framework.Examine the commercial viability of each application alongside risk considerations.Oversee the progression of applications from enquiry through to completion and first drawdown.Liaise with solicitors, valuers and monitoring surveyors to obtain required reports and updates.Oversee development loan drawdowns, including reviewing monitoring surveyor reports and approving tranche releases.Maintain clear and accurate records of underwriting rationale and case notes.Support the monitoring of the existing loan book, including tracking progress of works, sales and refinances.Identify and escalate loans showing signs of potential default and assist with appropriate action plans.Maintain CRM records and ensure accurate pipeline reporting for management information.Build strong working relationships with brokers, borrowers and professional partners.Support the development and refinement of underwriting processes to improve efficiency and consistency.Assist with initiatives to enhance scalability, including process improvements and automation.Line manage and mentor a Junior Underwriter, including workload oversight, coaching and development.Act as a key point of escalation for more complex or higher-risk cases.What you will BringSignificant experience within property finance, bridging or development lendingStrong underwriting experience (5 years+) with ability to assess and structure deals independentlyExperience preparing and presenting credit papersStrong understanding of property backed lending fundamentalsExperience reviewing valuation and monitoring surveyor reportsExperience managing deals through to completionDesirableExperience operating within delegated lending authorityPrevious line management or mentoring experienceKnowledge of both regulated and unregulated lendingUnderstanding of relevant regulatory requirements (including MCOB)Experience within a specialist or SME lending environmentSalary: up to 90kLocation: Peterborough 4/5 days a week

Created: 2026-04-30