Senior ABL Transaction Associate

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.

ABOUT GROWTH FINANCE

Having already achieved significant success in the commercial mortgage and asset finance markets, Allica launched an innovative new Growth Finance product in 2023. This delivers working capital funding with facility sizes between £1m-£10m and is principally an asset-based lending product.

Since launch, the product has been well received in the market and the client portfolio has grown quickly. We now plan to expand regional presence so that we can meet the funding needs of even more growing established, businesses.

ROLE DESCRIPTION

We are seeking a highly organised and proactive Senior 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 take ownership of 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 of the GF procedures and policies, proactively identifying opportunities for continuous improvement to enhance 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.

• Assisting in maintaining the introducer base, expected to be corporate finance and debt advisory professionals in addition to selected specialist brokers.

PERSONAL ATTRIBUTES & EXPERIENCE

• Experience reviewing legal documentation related to business finance, with a good understanding of relevant terminology.

• Strong organisational and time management skills, with the ability to coordinate and manage multiple deals simultaneously.

• 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.

• You understand the operational aspects of business finance, including receivables and Asset Based Lending

• A basic familiarity with the legal processes and logistical requirements involved in corporate transactions and acquisitions.

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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.