Head of Cashflow Finance

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 

• The Head of Cashflow Finance will initially be instrumental in the development and launch of the product. 

• Thereafter, they will be responsible for origination, structuring and execution of facilities which meet the lending requirements of Allica. 

• In addition to origination, the role will also carry responsibility for delivering a high-quality relationship for a portfolio of cashflow clients.  

• The relationship-based approach will also form the cornerstone of ongoing risk management, gathering regular financial information and monitoring/reporting internally. 

Principal Accountabilities 

• Using knowledge of the market, contribute to the design and delivery of a cashflow funding product that meets the needs of an underserved borrower population.  

• Build and lead a small team of specialists who will assist with deal origination, structuring and relationship management. 

• Origination, structuring and execution of new cashflow funding facilities.

• Promoting awareness in the professional services communities regionally. 

• Identification of opportunities which are compatible with Allica’s risk appetite and provide returns in line with requirements. 

• Gathering and analysing financial information which, along with other credit risk considerations, are then presented in an accurate, balanced proposal to Underwriting. 

• Negotiation and agreement of terms with the target business. 

• Oversight of facility documentation and pre-commencement requirements to ensure the transaction is closed efficiently, in accordance with the credit approved terms. 

• Maintaining close relationships with customers following completion of the facility. This aspect includes: 

• Delivering a truly relationship-based experience, resulting in high levels of satisfaction and advocacy. 

• Gathering financial information at the required frequency, reviewing and analysing, and maintaining a close understanding of performance versus expectations.  

• Internal reporting on the client portfolio, escalating risk concerns early, and being able to handle discussions on these with the client as appropriate. 

• Identify opportunities to provide other banking solutions, including transactional accounts, savings, other lending products. 

• Be an advocate for the product with colleagues throughout the bank. 

• Complying with all mandatory policies and develop and adhere to operational procedures to maintain a strong internal control environment. 

Personal Attributes & Experience 

• A belief that there is an opportunity to build a significantly improved cashflow lending solution to the target SME market and a desire to innovate through a hands-on approach, working as part of a small team. Initiative and resilience will be key personal attributes. 

• You will have excellent interpersonal and communication skills and the ability to build and maintain strong working relationships. 

• An in depth understanding of the SME lending market, specifically non tangibly secured cashflow lending.  

• An established network of potential new business introducers who are active in the SME financing market. 

• Demonstrable experience of successfully originating, structuring and managing facilities of this type in the target segment. 

• Able to interpret detailed financial information including balance sheet and cash forecasting, assess funding requirements and model the impact of sensitivities to such forecasts. 

• Strong organisational skills and attention to detail. 

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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.