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.

Department Description

Allica Bank has won multiple recent Commercial Mortgage awards with the CM products being the main driver of lending in the Allica suite, the Commercial Mortgage products have now been well established for over 2 years and continue to grow at pace as a market leader. As part of the risk function within Commercial Mortgages, this role is critical to ensure we can deliver on our objectives in a safe manner.

Role Description

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

Principle Accountabilities

• Assess and underwrite direct credit loan applications within personal discretion, in line with the all regulatory requirements, the Bank’s credit appetite policy and underwriting policies utilising appropriate credit data and analytical tools.
• Produce clear, accurate and concise written documentation, making clear recommendations to the Credit team for loan application requests falling outside of personal discretion or outside of credit policy, escalating cases where necessary 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.
• Liaise with the Credit team as required in managing the credit risk environment, concentration risk and developing credit policy.
• 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
• Manage a portfolio of advances to a defined arrears and collections policy.
• 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 is given to customers, their 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 procedures 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
• 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 behaviour