Loan Analyst

mcl finance; Greater London; On-site; GBP 27,000 - 33,000; Full time

Benefits offered by this job

Salary: £30,000 per year

25 days annual leave

Private health insurance with AXA

Income protection

Life assurance

Statutory pension

Snacks, drinks and coffee

Monday lunch on us

Job summary

MCL Finance in London is seeking a Loan Application Analyst to ensure fast, accurate underwriting prep. You\'ll scrub bank statements, identify inconsistencies, and support underwriters and brokers.

This entry-level role offers exposure to SME lending, with a finance or accounting degree, strong Excel, and a detail-focused mindset as core requirements. Competitive benefits and a supportive team culture.

Qualifications

• A finance, accounting, or related degree.
• Strong Excel skills.
• Excellent attention to detail and comfortable working with data and financial records.

Responsibilities

• Verify loan application bank statements for accuracy and completeness.
• Identify errors, missing information, and inconsistencies in application packs.
• Liaise with underwriters, brokers and internal teams to clarify and correct submissions.
• Maintain a daily log of scrubbing activity and recurring issues to drive improvements.
• Support operations and credit teams to ensure only clean files move to decisioning.

Skills

Excel

Attention to detail

Organisational skills

Education

Finance/Accounting degree

Job description

Loan Application Analyst
London

About MCL Finance
Since 2018, we've helped over 2,000 SMEs across the UK and UAE access the capital they need to grow — fast, clear, and with care. We believe finance should work better for the people building our economy: fewer hurdles, faster answers, and support that actually feels human. We back ambition with real funding and smart tools, backed by a team that gets what running a business takes. Our model puts people over paperwork — we work with brokers and business owners to deliver funding that fits, without the faff.

Our Mission
To reshape SME finance and level the playing field for good — giving ambitious businesses the fast, fair funding they need to build what's next.

The Role
The Loan Application Analyst plays a critical role in maintaining the speed and quality MCL is known for. You'll prepare files for underwriting, "scrubbing" applications so bank statements are clean, understood and ready for decisioning — a fast-paced, precise role that's a great entry point into SME lending for someone hungry to build a career in finance.

Key Responsibilities

• Work through and verify loan application bank statements for accuracy, clarity and completeness
• Identify errors, missing information, and inconsistencies in application packs
• Liaise with underwriters, brokers and internal teams to clarify and correct submissions
• Maintain a daily log of scrubbing activity and recurring issues to drive process improvements
• Support the operations and credit teams to ensure only clean files move to decisioning

What We’re Looking For

• A finance, accounting, or related degree
• Strong Excel skills
• Excellent attention to detail and comfortable working with data, documents, and financial records
• A steady, hungry attitude — ready to get stuck in, no ego
• Strong organisational skills and able to meet tight deadlines
• Clear, efficient communicator, internally and with external brokers

Bonus

• Previous experience in financial services, lending, or quality assurance

Our Offer

• Salary: £30,000
• 25 days annual leave (plus bank holidays)
• Private health insurance with AXA
• Income protection
• Life assurance
• Statutory pension
• Fully stocked snacks, drinks, and coffee machine
• Monday lunch on us!

Think you’re a fit? Let’s talk.