Credit analyst at Aldwick Business Bank
About 65 minutes. Included in Plus.
A well run bakery wants a loan for a second oven and a bigger overdraft. The reported figures pass the bank's tests easily. Normalise them, test the request against the credit policy, find a structure that works and hold the line when a contract arrives that does not count.
Skills: Normalise a business's earnings for one-off items; Test a lending request against a credit policy; Recommend a structure that meets policy without losing the customer; Judge whether new evidence changes a credit decision
Commercial property underwriter at Harrowby Mutual Insurance
About 75 minutes. Included in Plus.
A loyal cold store client wants to renew at last year's price with its sprinkler discount, but the survey found burning foam panels in the roof and the backup sprinkler pump has failed. Rate it by the guide, refer it, and hold firm terms with a broker who says a rival is waiting.
Skills: Rate a property risk by the underwriting guide; Recognise when a risk must be referred and why; Set conditions that address the main hazards; Hold terms with a broker while keeping the relationship; Explain a price change by the features of the risk