At a Glance
- Tasks: Drive business growth by managing loans and deposits while delivering exceptional service.
- Company: Join Allegacy, a community-focused organisation committed to member wellbeing.
- Benefits: Competitive salary, professional development, and a supportive work culture.
- Other info: Dynamic role with opportunities for growth and collaboration across teams.
- Why this job: Make a real impact in the community while advancing your career in banking.
- Qualifications: Experience in commercial banking and strong relationship-building skills.
The predicted salary is between 75600 - 92400 £ per year.
Description
At Allegacy, there’s a common thread that runs through all of us.
It’s our commitment to doing right and our promise to members to always do the right thing for their wellbeing.
Every employee in our organization is accountable to living out our brand in meaningful ways as our promise motivates our beliefs, our behaviors, and the benefits we share together.
In order to achieve this state of success, this position will focus on identifying, soliciting, developing, underwriting, and managing business loan and deposit relationships in a regional market while participating in Allegacy’s community-focused business development protocol.
- Specific Accountabilities
- Deliver exceptional service to every member (both internal and external), every time that is in alignment with our Brand Culture.
- Meet or exceed established production and service goals.
- Ensure thorough understanding of expectations and consistently exhibit Allegacy behaviors.
- Major Duties
- Consistently call on potential and existing business members to develop and maintain profitability through lending and non-lending relationships.
- Identify, recommend approval, and service loans for businesses within policy and limits of authority.
- Interview applicants to develop financial and credit information, ascertain needs, abilities, earnings, and risk; request necessary information, such as financial and operating statements.
- Counsel companies with regard to cash flow, risk analysis, loan structure, and resource referrals.
- Analyze complicated loan requests in conjunction with Credit Officer using appropriate risk analysis to include cash flow, collateral and guarantor analysis.
Recommend terms, conditions and structure within credit policy.
- Prepare loan approval package and present/recommend to appropriate higher authority (individual or committee).
- Monitor loans to ensure continuous conformity with terms and to keep abreast of changing business and economic developments that impact the loan portfolio, its profitability, and credit union/banking in general.
- Ensure and manage the portfolio for accurate loan documentation, exception issues and loan processing in accordance with NCUA regulations and standard operating procedures and Allegacy Lending policy.
- Service delinquent and special asset accounts as required.
- Develop, originate, and close business deposits that meet or exceed annual deposit goals. Utilize expertise of Treasury Services Officer to fully meet deposit needs of Member.
- Ensure business relationships are fully developed, including specific efforts to serve the retail banking needs of the owners/management/employees by partnering with other Allegacy team members and advisors, (i. e. the Branch Staff, Investments and Allegacy Benefit Solutions).
- #J-18808-Ljbffr
VP, Commercial Banking in London employer: Allegacy Financial
Allegacy Financial is an exceptional employer that prioritises a customer-centric work culture, fostering an environment where employees can thrive while making a meaningful impact on members' financial well-being. With a strong emphasis on professional development and collaboration, team members are encouraged to grow their skills and advance their careers in a supportive atmosphere. Located in a vibrant community, Allegacy offers unique advantages such as daily face-to-face engagement with members, ensuring that every employee plays a vital role in delivering outstanding service.
StudySmarter Expert Advice🤫
We think this is how you could land VP, Commercial Banking in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Allegacy Financial. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace VP, Commercial Banking in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Allegacy Financial.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Allegacy Financial's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Allegacy Financial
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Allegacy Financial.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Allegacy Financial will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Allegacy Financial employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
