High Net Worth Underwriter - Part Time
Benefits of working at Together26 days holiday, and a day off for your birthday (increasing with service to 30 days), plus bank holidaysFree access to company holiday homesBuy & sell holidaysDiscretionary annual bonus plus an additional Shared Reward BonusMatched pension contributionHealth cash plan plus Private medical insuranceLife assurance and Critical illness coverTravel season ticket loans and Ride to work schemeFree local gym accessLocal bar / restaurant discounts–––––––––––––Company Description We’re Together. For over 50 years, we’ve helped thousands of people, businesses and professionals unlock their property ambitions with our common-sense approach to mortgages and secured loans.We take the time to understand our customers and our door is always open, so we can often help when other lenders can’t or won’t. Based in Cheadle, Cheshire, our 900 colleagues help our customers throughout the UK, backed by the power of a £7 billion loan book. As a High Net Worth Underwriter, we are looking for someone who is capable of unpicking complex financial webs to prove a customer can afford their debt. Allowing you to accurately underwrite, mandate and complete mortgage and secured loan applications for High Net Worth individuals as part of our Premier Service. Focusing on service delivery by following group lending criteria, policies and procedures, you will proactively manage customer and broker relationships whilst delivering a seamless level of service to increase future business. As a High Net Worth Underwriter, we are looking for someone to:Interpret full statutory accounts (Ltd/LLP), specifically tracking how money moves between entities via dividends, director loans, and management chargesReconstruct net income from diverse streams (trading profits, vesting, and carried interest) and assessing its long-term sustainability through multi-year trend analysis and stress testingHave working knowledge of UK personal and corporate tax (S455, SA302s, and dividend vs. salary) to understand how tax planning impacts actual cash flowBe familiar with trusts, holding companies, and offshore vehicles is essential to identify who truly controls the wealth and the feasibility of repatriating fundsNavigate FCA MCOB rules regarding HNW exemptions and modified affordabilityBe able to accurately triage clients against HNW definitions (£k+ income / £m+ net assets) and distinguish between income-based underwriting and Asset-Based Lending (ABL)Understand how various assets (from private equity to fine art) generate liquidity or future "exit eventsBe able to justify policy exceptions and identify "early warning signals" within a client’s portfolio, such as concentration risk or high leverage EssentialExposure to HNW/Private Banking underwriting or specialist lending with modified affordabilityFamiliarity with KYC/AML/PEP nuances for HNW (complex ownership, source of wealth/source of funds checks)Demonstrable track ...