Full-Time Head of Cashflow Finance

About Allica BankAllica 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.

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