Application Guide

How to Apply for Credit Underwriter - 12 months FTC

at Octopus Energy

🏢 About Octopus Energy

Octopus Energy is redefining the energy sector with a focus on transparency, AI, and renewables, aiming for a low CO2 future. Their electric vehicle leasing division, Octopus Electric Vehicles, is at the forefront of making greener transportation accessible. Working here means being part of a mission-driven company that values innovation and sustainability.

About This Role

As a Credit Underwriter on a 12-month fixed-term contract, you'll manage the day-to-day credit and underwriting process for B2B and consumer clients, focusing on business contract hire and salary sacrifice products. Your work will directly impact the company's ability to provide quick credit line decisions, supporting the growth of electric vehicle adoption.

💡 A Day in the Life

A typical day might involve reviewing credit applications that fall outside auto-underwriting criteria, making decisions on escalations, and collaborating with the tech team to refine underwriting rules. You'll also analyze portfolio performance and support the development of new credit policies.

🚀 Application Tools

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Interview Prep

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🎯 Who Octopus Energy Is Looking For

  • Experienced in B2B credit risk assessment, particularly in asset finance or vehicle leasing, with a proven track record of making sound underwriting decisions.
  • Comfortable with data-driven decision-making and eager to help develop scorecards, policies, and tech tools to automate underwriting processes.
  • Able to handle escalations and referrals independently, with strong analytical skills and attention to detail.
  • Passionate about sustainability and the transition to electric vehicles, aligning with Octopus Energy's mission.

📝 Tips for Applying to Octopus Energy

1

Highlight any experience with salary sacrifice or business contract hire products, as these are central to the role.

2

Showcase your ability to work in a fast-paced, scale-up environment by providing examples of adapting to change or building processes from scratch.

3

Demonstrate your familiarity with underwriting automation tools or scorecard development, even if in a previous role.

4

Tailor your CV to emphasize B2B credit underwriting experience, not just consumer credit, as the role focuses on business clients.

5

Mention any knowledge of the electric vehicle market or renewable energy sector to show alignment with the company's mission.

✉️ What to Emphasize in Your Cover Letter

['Emphasize your experience in B2B credit underwriting, especially in vehicle leasing or asset finance.', 'Express enthusiasm for contributing to the build of new policies and tech tools for underwriting automation.', "Connect your personal values to Octopus Energy's mission of a greener, fairer future.", 'Highlight your ability to manage day-to-day operations while also handling complex escalations.']

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🔍 Research Before Applying

To stand out, make sure you've researched:

  • → Understand Octopus Energy's broader business model, including their energy supply and technology platforms.
  • → Research Octopus Electric Vehicles' current product offerings, such as salary sacrifice and business contract hire.
  • → Learn about the company's culture by reading employee reviews on Glassdoor or their blog posts.
  • → Familiarize yourself with the UK electric vehicle market and government incentives for EVs.

💬 Prepare for These Interview Topics

Based on this role, you may be asked about:

1 How would you approach developing a credit scorecard for a new B2B product?
2 Describe a time you had to make a difficult underwriting decision with limited data.
3 How do you stay updated on industry trends in credit risk and electric vehicles?
4 What experience do you have with underwriting automation or tech tools?
5 How would you handle a high volume of credit applications while maintaining accuracy?
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⚠️ Common Mistakes to Avoid

  • Don't focus solely on consumer credit experience; the role requires B2B expertise.
  • Avoid generic answers about why you want to work at Octopus; be specific to their EV division.
  • Don't neglect to mention your comfort with data and technology; the role involves building automated processes.

📅 Application Timeline

This position is open until filled. However, we recommend applying as soon as possible as roles at mission-driven organizations tend to fill quickly.

Typical hiring timeline:

1

Application Review

1-2 weeks

2

Initial Screening

Phone call or written assessment

3

Interviews

1-2 rounds, usually virtual

✓

Offer

Congratulations!

Ready to Apply?

Good luck with your application to Octopus Energy !

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