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

In 2023, Allica launched an innovative new Growth Finance product which delivers working capital funding with facility sizes between £1m-£10m. Growth Finance was the first differentiated lending product that Allica introduced and complements the excellent reputation we have already gained.

Role Description

We are seeking a highly organised and proactive Transaction Associate to join our team. You will be responsible for coordinating and overseeing the onboarding of new clients and introducers by proactively working alongside our sales team and other key stakeholders such as external lawyers and advisories. This role requires meticulous attention to detail and the ability to work well in a fast-paced environment, prioritising deals effectively. In addition, you will assist with maintaining up to date documentation and reports, adhering to organisational standards and regulatory requirements.

Principal Accountabilities

• Working with the RM & BDM team, to oversee and manage the onboarding of new clients and introducers, including but not limited to credit searches, organising KYC approval, preparing or reviewing required documentation and operational support towards first drawdown.
• Contribute to the development and implementation of GF portfolio monitoring and reporting systems and procedures.
• Contribute to the development of the GF procedures and policies, enhancing and improving the client journey.
• Assist with the diarising facility milestones, ensuring that all required client information is received in a timely manner, and compliantly saved, recorded and reviewed.
• Assist with the preparation of client drawdown requests when required ensuring all relevant departments receive appropriate information in a timely manner. Assist in the production of monthly portfolio reports which provide an accurate and comprehensive summary of client financial performance, covenant compliance and collateral overview.
• Responsible for ensuring that any new or increased GF client or debtor risks are escalated to the Senior Relationship Manager where appropriate and without delay.
• Ongoing engagement with other relevant functional areas of the bank, particularly Risk, Operations and Finance to ensure effective collaboration and awareness of changes in policies/processes.
• Working closely and collaboratively with all areas of Allica to ensure a seamless and professional service is always provided, and to provide ongoing direction as to where Allica’s product and software development should focus to provide greatest benefit to customers and efficiency over time.
• Assisting in maintaining the introducer base, expected to be corporate finance and debt advisory professionals in addition to selected specialist brokers.
• Be an advocate for the product with colleagues throughout the bank.
• Complying with all mandatory policies and develop and adhere to operational procedures to maintain a strong internal control environment.

Personal Attributes & Experience

• A general understanding of legal terminology and documentation in relation to business finance.
• Strong organisational and time management skills.
• You’re a natural team player with an ability to develop strong working relationships.
• You will have excellent interpersonal and communication skills together.
• Experience of working competently with the Microsoft Excel, Powerpoint and Word.
• You will be able to work in a fast-paced environment whilst not compromising attention to detail or accuracy.
• Able to interpret financial information including balance sheet and cash forecasting.

Desirable:

• Proven experience in a similar role ideally within the banking sector.
• Familiarity with legal and operational aspects of the Invoice finance and ABL industry.

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
• 25 days holiday – with the option to Buy/Sell
• Pension contributions
• Discretionary bonus scheme
• Private health cover (with the option to add family members)
• Life assurance.
• Income Protection.
• Family friendly policies including enhanced Maternity & Paternity leave.
• Season ticket loans.

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!

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.

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.