Allica Bank
Senior ABL Transaction Associate
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Senior ABL Transaction Associate
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 represent over a third of our economy, yet they have been largely neglected by traditional high street banks and modern fintech providers.
Growth Finance
Having achieved success in the commercial mortgage and asset finance markets, Allica launched Growth Finance in 2023. This product delivers working capital funding with facility sizes between £1m–£10m, principally via asset-based lending.
Since its launch, the product has been well received, with our client portfolio expanding quickly. Now, we are expanding our regional presence to support additional growing businesses’ funding needs.
Role Description
We are seeking a highly organised and proactive Senior Transaction Associate to join our team. You will:
- Coordinate and oversee onboarding of new clients and introducers.
- Work closely with our sales team, external lawyers, and advisers.
- Require meticulous attention to detail to succeed in the fast-paced environment.
You’ll prioritise deals efficiently while maintaining up-to-date documentation, reports, and compliance with regulatory standards.
Principal Accountabilities
Client Onboarding & Support
- Work alongside the Relationship Manager (RM) & Business Development Manager (BDM) team to manage client introductions, including:
- Credit searches
- Know-Your-Customer (KYC) approvals
- Completing or reviewing necessary documentation
- Providing operational support for the first drawdown
- Escalate new or increased Growth Finance (GF) client or debtor risks promptly to the Senior Relationship Manager.
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Process Improvement & Reporting
- Contribute to developing GF procedures and policies, identifying opportunities for efficiency improvements.
- Manage facility milestones by ensuring timely receipt, recording, and compliance review of relevant client information.
- Assist in preparing monthly portfolio reports covering:
- Client financial performance
- Covenant compliance and collateral overview
Coordination & Collaboration
- Aid with preparing client drawdown requests, ensuring all departments receive timely information.
- Maintain strong engagement with Risk, Operations, and Finance teams.
- Grow the introducer base by fostering relationships with corporate finance advisors and selected specialist brokers.
Personal Attributes & Experience
Key Requirements
- Experience reviewing legal documentation related to business finance, including familiarity with terminology.
- Strong organisational and time management skills, combined with the ability to manage multiple deals concurrently.
- A team player who builds strong working relationships.
- Excellent interpersonal and communication skills.
Technical & Financial Skills
- Competent in Microsoft Excel, PowerPoint, and Word.
- Proficient in processing data in fast-paced environments without compromising accuracy.
- Ability to interpret financial information such as balance sheets and cashflow forecasting.
- Knowledge of operational aspects of business finance, asset-based lending, receivables, and corporate transactions.
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Working at Allica Bank
We prioritise ensuring our employees have the resources and environment to thrive. Our benefits are designed around you:
- Full onboarding support and professional development opportunities
- Flexible working options fully committed to hybrid models
- Regular social activities to foster a connected team culture
- Automatic pension contributions
- Discretionary bonus scheme
- Private health cover
- Life assurance
- Family-friendly policies, including enhanced Maternity and Paternity leave
Don’t fit every box?
If you don’t have all the skills listed but feel you’re a strong candidate, we’re keen to hear from you.
Flexible Working
We reject ‘9-to-5 assumptions.’ Allica Bank supports flexible and hybrid working. Simply advise your preferred arrangement—we’ll do our best to accommodate.
Diversity
Our team reflects a variety of experiences, backgrounds, and lifestyles. We value our differences, as inclusivity and open communication make us stronger. We encourage everyone to bring their full selves to work.
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