At a Glance
- Tasks: Coordinate onboarding of new clients and introducers while managing multiple deals.
- Company: Join Allica Bank, the UK's fastest-growing fintech firm focused on SMEs.
- Benefits: Enjoy flexible working, private health cover, and a supportive work environment.
- Other info: Diverse team culture with ongoing development opportunities and social activities.
- Why this job: Make a real impact in the fintech space while developing your career.
- Qualifications: Experience in business finance documentation and strong organisational skills required.
The predicted salary is between 30000 - 40000 £ per year.
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 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.
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.
Senior ABL Transaction Associate in London employer: Allica Bank
Allica Bank is an exceptional employer, dedicated to fostering a supportive and inclusive work environment that prioritises employee growth and well-being. With a strong focus on flexible working arrangements, comprehensive onboarding support, and a commitment to diversity, Allica empowers its team members to thrive while making a meaningful impact in the financial technology sector. Join us in helping established SMEs access the funding they need to succeed, all while enjoying a range of benefits including private health cover and enhanced family leave policies.
StudySmarter Expert Advice🤫
We think this is how you could land Senior ABL Transaction Associate 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.
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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.
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We think you need these skills to ace Senior ABL Transaction Associate 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 Allica Bank.
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 Allica Bank'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 Allica Bank
✨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 Allica Bank.
✨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 Allica Bank 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 Allica Bank 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.
