Assistant Underwriter
Assistant Underwriter
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Job Description
About Allica Bank
Allica is the UKs 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
This role is within the Commercial Mortgage Underwriting team part of the wider Risk team. The Underwriting team is expanding rapidly as demand for Allica banks award winning commercial mortgage products increase due to our total focus on the SME market segment.
This new role is critical in helping the Underwriters turn cases round quickly to maintain our market leading turnaround times. It is expected that colleagues joining at this level will see significant development and promotion opportunities as the bank continues to grow.
Role Description
To support the Underwriters in assessing borrowing requests by providing research analysis of data and drafting reports and suitable solutions for requests. You will be supporting with assessment of new requests queries on approved loans and review of live facilities as required.
Candidates should ideally have some experience in Financial Services gained from a Bank Building Society or other financial institution. Other relevant experience may be considered.
Principal Accountabilities
Support the Underwriting team with management and organisation of workflow.
Assess and review initial enquiries from information provided from Brokers and Relationship Managers in line with all regulatory requirements the Banks credit appetite policy and underwriting policies.
Produce clear accurate and concise written documentation making clear recommendations for loan application requests falling outside of personal discretion or outside of credit policy escalating cases where necessary to the appropriate Delegated Lending Authorities.
Undertake regular checks Customer due diligence and monitor agreed controls to ensure the Banks risk and customer requirements are met at all times escalating immediately any areas of concern.
Liaise effectively with Brokers (or their applicants) or Relationship Managers 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 Banks 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 SLAs.
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.
Personal Attributes & Experience
Some understanding of the loan documentation and credit risk is preferred.
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.
Expected to work to business needs this may include covering late nights and weekends on a rota basis (if required).
Good Microsoft Office and other technical system skills
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
Dont tick every box
Dont worry if you dont have all the skills or requirements listed on the job description. If you think youll be a good fit wed still love to hear from you!
Flexible working
We know the 9-to-5 isnt right for everyone. Thats 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
Were 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.
Employment Type
Full-Time
