Allica Bank
Underwriter - Commercial Mortgages
Salary not disclosedOnsite
- Risk
- London
- Full time
- 5d ago
About the role
The Underwriter will assess and underwrite borrowing requests for commercial mortgages and loans in line with the Bank's credit policy. This role manages the end-to-end application process, ensuring loans are appropriately documented and secured while maintaining strong relationships with customers, brokers, and internal stakeholders.
Responsibilities
- Assess and underwrite direct credit loan applications within personal discretion.
- Produce clear, accurate and concise written documentation and recommendations for the Credit team.
- Manage the end-to-end application process from initial enquiry to completion.
- Liaise with panel solicitors to ensure loans are documented and secured before draw-down.
- Manage a portfolio of advances according to arrears and collections policy.
- Deliver excellent service to customers, brokers, and Relationship Managers.
Required skills
- Underwriting
- SME sector knowledge
- Financial analysis
- Cashflow forecasting
- Credit risk assessment
- AML
- KYC
Benefits
- Onboarding support
- Development opportunities
- Flexible working
- Pension contributions
- Discretionary bonus scheme
- Private health cover
- Life assurance
- Enhanced Maternity and Paternity leave
About the Company
Allica Bank is the UK's fastest-growing financial technology firm, focused on supporting established SMEs that have been underserved by traditional high street banks and modern fintech providers.