About Allica Bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.

Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

Purpose of Role

The purpose of the role is to underwrite borrowing requests received via a variety of channels, in line with the Bank’s approved Credit Policy & Appetite Standards and in accordance with the Banks asset portfolio (including but not limited to commercial mortgages, commercial investment loans, business loans and overdrafts).

Candidates should have significant experienced gained from a bank, building society or other financial institution, dealing in loan sizes from £150K to £20M. The candidate will also have experience in dealing with applications from UK SME customers generally and from customers with complex asset and income structures

Candidates will be expected to provide recommendation for approvals, exceptions and escalated cases for appeals to appropriate authorities with mandates.

Principal Accountabilities and ability to coach

• Assess and underwrite credit loan applications, in line with the all regulatory requirements, the Bank’s credit policy & appetite standards. Utilising appropriate credit data, analytical tools and AI.

• Produce clear, accurate and concise written documentation, making clear recommendations to the Credit team for loan application requests escalating cases to the appropriate Delegated Lending Authorities.

• Manage and own the end to end application process, from initial enquiry to completion, liaising effectively with the panel solicitors in terms of required security instructions and ensure loans are appropriately documented and borrowing is fully secured before draw-down.

• Undertake regular checks and monitor agreed controls to ensure the Bank’s risk and customer requirements are met at all times; escalating immediately any areas of concern

• Liaise effectively with applicants (or their brokers) and valuers in requests for additional relevant information to support the credit decisioning process.

• Deliver an excellent service to customers, brokers and Relationship Managers, building and maintaining strong relationships in line with the Bank’s values and defined customer experience standards.

• Ensure compliance with all mandatory policies and adherence to credit standards to maintain internal credit controls.

• Fully understand and comply with operational procedures, requirements and SLA’s.

• Help develop appropriate MI and KPI indicators and reporting, maintaining suitable MI to enable a detailed understanding of Mortgage processing pipeline

• Establish and actively manage a personal development plan.

• Actively search for areas of improvement for the Bank and your team and take ownership for delivery of these, setting a good example by displaying appropriate values and behaviors.

Experience

• Exposure/knowledge of underwriting, with experience ideally in the UK SME sector, with an understanding of the competitor landscape and the dynamics and trends of the SME market.

• Excellent credit/financial analysis skills including the analysis of financial accounts, budgets and cashflow forecasting,

• Understanding of the loan underwriting process and the risks involved and be able to assess applications and make recommendations.

• Experience of escalating and presenting at Credit Committee level and Arrears Management.

• Strong analytical, verbal and written communication skills.

• Ability to build strong and lasting relationships with internal stakeholders such as the distribution team, operations team and senior management, plus 3rd party suppliers such as Intermediaries, Valuers and Solicitors.

• Understand and comply with all regulatory requirements, plus internal policies / procedures, guidelines, risks and controls and service levels.

• Good understanding of TCF, AML, KYC and Conduct risk.

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities

• Options for flexible working

• Regular social activities

• Pension contributions

• Discretionary bonus scheme

• Private health cover

• Life assurance

• Family friendly policies including enhanced Maternity & Paternity leave

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.