Invoice Finance Underwriter

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Allica Bank is hiring a full-time Invoice Finance Underwriter in London for the Credit Risk Management team. You will assess and underwrite invoice finance applications in line with policy, work with BDMs to win new business, and partner with Account Managers to monitor facilities. You’ll own end-to-end processes, maintain controls, and support customers and brokers while contributing to MI and policy development. The ideal candidate has 2+ years SME invoice finance underwriting, strong financial analysis, and proven stakeholder management in regulated lending. To apply, tailor your CV to show discretionary decisions, cross-team collaboration, and a commitment to supporting established SMEs, with flexibility for hybrid working and alignment with Allica values.

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.

Role Description

As an Underwriter in the Invoice Finance team you will report to the Lead Credit Underwriter and form a key part of the Credit Risk Management Team at Kriya. You will work closely with BDMs to underwrite new business applications for invoice finance facilities received via a variety of channels, in line with the approved Credit Policy. You will also work closely with Account Managers to monitor and actively manage our existing portfolio of customers and ensure that we can deliver our target credit risk performance while supporting growth in our portfolio. You will have the opportunity to work on improving existing processes and implementing new ones to drive efficiency and ensure appropriate credit oversight.

Principal Accountabilities

• Assess and underwrite invoice finance applications within personal discretion, in line with credit appetite policy and underwriting policies, utilising appropriate credit data and analytical tools

• Produce clear, accurate and concise written documentation, making clear recommendations to the Credit team for invoice finance application requests falling outside of personal discretion or outside of credit policy, escalating cases where necessary to the appropriate Delegated Lending Authorities

• Manage and own the end to end application process, liaising effectively with the sales team, legal team in terms of required security instructions and payment operations team to ensure facilities are appropriately documented and secured before draw-down

• Liaise with the Credit team as required in managing the credit risk environment, concentration risk and developing credit policy

• Undertake regular checks and monitor agreed controls to ensure risk and customer requirements are met at all times; escalating immediately any areas of concern

• Manage a portfolio of customers to a defined monitoring policy from a credit risk perspective

• Deliver excellent service to customers, their brokers and Relationship Managers, building and maintaining strong relationships in line with our values and defined customer experience standards

• Ensure compliance with all mandatory policies and adherence to credit procedures to maintain internal credit controls

• Fully understand and comply with operational procedures, requirements and SLA’s

• Help develop appropriate MI and KPI indicators and reporting, maintaining suitable MI to enable a detailed understanding of our portfolio

• Establish and actively manage a personal development plan

• Actively search for areas of improvement across the team and product and take ownership for delivery of these, setting a good example by displaying appropriate values and behaviour
  
  

Personal Attributes & Experience

• At least 2 years of SME invoice finance underwriting experience, with an understanding of the competitor landscape and the dynamics and trends of the SME market.

• Excellent credit/financial analysis skills including the analysis of financial accounts, budgets and cashflow forecasting, Understanding of the facility underwriting process and the risks involved and being able to assess applications within a personal discretion and make recommendations and take commercial decisions.

• Strong analytical, verbal and written communication skills.

• Ability to build strong and lasting relationships with internal stakeholders such as the sales team, payment operations team and senior management, plus 3rd party suppliers.

• Understand and comply with all regulatory requirements, internal policies and procedures, guidelines, risks and controls and service levels.

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.