Senior Underwriter

Lovey is hiring a Senior Underwriter in Birmingham, United Kingdom. It pays £50k-£55k a year and Level rates it ; you can apply on Lovey.

Level's read on this job

Level rates this role Little AI ●○○○: aI is not part of the work.
The posting mentions underwriting, financial analysis and credit risk among its tools and skills.
Level classes it as a senior role.
Lovey has 6 other open roles on Level.
Posted within the past week.

AI in this role

Underwrite complex SME loans, monitor portfolio performance, and refine lending criteria as a Senior Underwriter at Lovey.

underwritingfinancial-analysiscredit-riskportfolio-monitoringsme-lending

About the role

Lovey is a UK lender helping small and medium-sized businesses get the funding they need to grow. We're looking for a Senior Underwriter to join our credit team in Birmingham

This is a hands-on role for someone who doesn't just assess a deal and move on. You'll underwrite larger and more complex loans, keep a close eye on how the book performs after funding, and use what you see to sharpen how we lend. You'll work closely with the credit leadership team and have real input into how the function develops as we grow.

Location: Birmingham, full time office · Reports to: Head of Credit and Risk · Salary: £50,000 - £55,000

Requirements

Underwriting

Underwrite SME loan applications end to end, including complex cases in asset-heavy sectors such as construction
Analyse financial statements, management accounts, Open Banking data, cash flow and forecasts to build an evidence-based view of affordability and risk
Understand how asset-heavy businesses really make and spend money: contract-based revenue, retentions, work in progress

Portfolio monitoring and analysis

Build and maintain portfolio reporting that tracks arrears, defaults and early warning indicators
Run vintage, cohort and segment analysis by sector, product and risk grade, and turn the findings into practical recommendations
Track how underwriting decisions perform against expectations, including approval rates, overrides and loss rates
Carry out annual and event-driven reviews on higher-risk exposures
Work with collections on cases showing stress, using data to agree the right approach early

Shaping how we lend

Use portfolio insight to recommend changes to credit policy, scorecards and decisioning rules, then measure the impact
Improving underwriting processes, data quality and the use of automation

Benefits

About you:

At least 5 years' underwriting experience in SME or commercial lending
Experience lending to asset-heavy businesses such as construction, including contract-based revenue, retentions and work in progress
Hands-on experience of portfolio monitoring: annual reviews, early warning indicators and managing deteriorating credits
A data-driven approach: confidence building reports, spotting trends and explaining what they mean
Strong financial analysis skills, with the confidence to challenge numbers and assumptions
Sound judgement and the ability to hold a clear line on risk while staying commercial
Clear written and verbal communication, including presenting to committee
Experience guiding or reviewing the work of others, formally or informally

Nice to have

SQL, Python or BI tools such as ThoughtSpot
Exposure to automated decisioning, scorecards or credit policy writing
Experience in a fintech or fast-growing lender

How we rate this

Senior Underwriter at Lovey rates 10 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.

Classification

Little AI. AI is not part of the work.

●●●● Builds AI80 to 100
●●●○ Works on AI60 to 79
●●○○ Uses AI40 to 59
●○○○ Little AI0 to 39

Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.

Key facts

Senior Underwriter is an open job at Lovey.
Level rates this role AI Level 1 of 4: Little AI.
The listed salary is £50k-£55k a year.
The role is based in Birmingham, England, United Kingdom.
The job was posted on October 21, 2026.
Seniority: senior.
Applications are handled by Lovey. Apply on Lovey

Prepare for this job

Built from this posting and from similar jobs on Level.

Skills and AI tools this role asks for

UnderwritingFinancial AnalysisCredit RiskPortfolio MonitoringSme Lending

Questions you could be asked

Tell me about a project where underwriting was part of your work. What did you do?
Tell me about a project where financial analysis was part of your work. What did you do?
Tell me about a project where credit risk was part of your work. What did you do?
Tell me about a project where portfolio monitoring was part of your work. What did you do?
Tell me about a project where sme lending was part of your work. What did you do?

Adapt your resume

List these exact terms on your resume: Underwriting, Financial Analysis, Credit Risk, Portfolio Monitoring, and Sme Lending. An applicant tracking system matches the wording, not the idea.
Attach one line of real, concrete experience to at least one of them. A tool named with nothing behind it rarely survives a human read.

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