At a Glance
- Tasks: Verify and prepare loan applications for underwriting with precision and attention to detail.
- Company: Join mcl, a dynamic company reshaping SME finance with a human touch.
- Benefits: Enjoy competitive pay, personal growth opportunities, and a supportive team environment.
- Other info: Fast-paced role with opportunities for personal and professional development.
- Why this job: Make a real impact by helping businesses access the funding they need to thrive.
- Qualifications: Detail-oriented with strong analytical skills and a passion for supporting SMEs.
The predicted salary is between 28800 - 48000 £ per year.
Who are we? At mcl, we help small and medium-sized businesses access the capital they need to grow – quickly, clearly, and with care. Since 2018, we’ve supported over 2,000 SMEs across the UK, and we’re not slowing down. We believe finance should work better for the people building our economy. That means fewer hurdles, faster answers, and support that feels human, not transactional. We back ambition with real funding, smart tools, and a team that gets what running a business really takes. Our model puts people over paperwork. We work with brokers and with business owners to deliver funding that fits – without the faff. As we grow, we’re expanding our reach, recently launching mcl UAE and tools like LendPair, helping even more businesses find the right path to finance.
Our mission is to reshape SME finance and level the playing field – funding that’s fast, fair, and fits for the businesses of the future.
Our G.E.M.S values:
- Growth: Not just business growth – personal growth, team growth, process growth. We level up.
- Enthusiasm: No fake hype. Just energy, urgency, and actually giving a toss.
- Maintaining Accountability: Own your actions and interactions. If it’s off, say it. If it’s broken, fix it.
- Seeing Strategically: Eyes on the big picture. Help us make smarter long-term moves.
The Role: The Loan Application Analyst plays a critical role in maintaining the speed and quality mcl is known for. You will be responsible for preparing files for underwriting, going through and "scrubbing" applications so that bank statements are clean, understood and ready for underwriting, to ensure submitted deals meet our internal quality standards before progressing to underwriting. The role is fast-paced, precise, and requires a sharp eye for detail.
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.
Key Skills:
Loan Analyst employer: mcl finance
At mcl, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. Based in London, our team enjoys a range of benefits including professional development opportunities, a supportive environment for career growth, and the chance to make a meaningful impact in the field of risk management. Join us to be part of a forward-thinking organisation that values your expertise and encourages you to challenge the status quo.
StudySmarter Expert Advice🤫
We think this is how you could land Loan Analyst
✨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 mcl finance. 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 Loan Analyst
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 mcl finance.
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 mcl finance'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 mcl finance
✨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 mcl finance.
✨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 mcl finance 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 mcl finance 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.
