Underwriter - Commercial Mortgages

Allica Bank; Greater London; Ibrido; GBP 50.000 - 80.000; Tempo pieno

Vantaggi offerti da questo lavoro

Full onboarding support and continued/

Flexible working

Regular social activities

Pension contributions

Discretionary bonus scheme

Private health cover

Life assurance

Family friendly policies including M"?

Descrizione del lavoro

Allica Bank is seeking an experienced Mortgage Underwriter to assess and underwrite SME loan applications in line with policy and credit data. You will produce clear recommendations to the Credit team and manage the end-to-end process through draw-down, liaising with solicitors, valuers and intermediaries.

Successful candidates will have strong credit analysis, excellent communication skills and a robust understanding of regulatory requirements, AML/KYC and conduct risk, with a focus on

Competenze

• Experience underwriting SME loans in a banking environment.
• Strong credit/financial analysis of accounts, budgets, cashflows.
• Excellent written and verbal communication skills.
• Ability to build relationships with brokers, solicitors and internal teams.
• Knowledge of regulatory requirements, AML/KYC and conduct risk.

Mansioni

• Underwrite borrowing requests in line with policy and data.
• Prepare clear recommendations for the Credit team.
• Manage end-to-end loan application process through completion.
• Collaborate with solicitors and valuers on security requirements.
• Monitor credit risk, arrears and policy compliance.
• Support MI/KPI development for Mortgage processing.
• Escalate issues to Lending Authorities when needed.
• Deliver excellent service to customers and intermediaries.

Conoscenze

Underwriting experience

SME credit analysis

Financial analysis

Stakeholder management

Regulatory compliance

Strumenti

Credit data tools

Descrizione del lavoro

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

Personal Attributes & Experience

• Exposure/knowledge of underwriting, with experience in the SME sector, with an understanding of the competitor landscape and the dynamics and trends of the SME market.

• Excellent credit/financial analysis skills including the analysis of financial accounts, budgets and cashflow forecasting, Understanding of the loan underwriting process and the risks involved and be able to assess applications within a personal discretion and make recommendations and take commercial decisions.

• Experience of escalating and presenting at Credit Committee level and Arrears Management.

• 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.

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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

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!

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.

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.

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