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 charges
- Reconstruct net income from diverse streams (trading profits, vesting, and carried interest) and assessing its long-term sustainability through multi-year trend analysis and stress testing
- Have working knowledge of UK personal and corporate tax (S455, SA302s, and dividend vs. salary) to understand how tax planning impacts actual cash flow
- Be familiar with trusts, holding companies, and offshore vehicles is essential to identify who truly controls the wealth and the feasibility of repatriating funds
- Navigate FCA MCOB rules regarding HNW exemptions and modified affordability
- Be able to accurately triage clients against HNW definitions (£300k+ income / £3m+ 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 events
- Be able to justify policy exceptions and identify "early warning signals" within a client’s portfolio, such as concentration risk or high leverage