Job Overview
Location
Delhi
Job Type
Full-time
Category
Product Management
Date Posted
March 24, 2026
Full Job Description
đź“‹ Description
- • As an Underwriter at Allica Bank Ltd, you will play a critical role in supporting the growth of the UK’s fastest-growing fintech by assessing and approving loan applications for established SMEs, a vital yet underserved segment of the economy, ensuring responsible lending that aligns with the bank’s risk appetite and strategic goals.
- • You will manage the full lifecycle of credit applications from initial enquiry to drawdown, including underwriting commercial mortgages, investment loans, business loans, and overdrafts ranging from £150K to £20M, using credit data, analytical tools, and AI to make sound, compliant recommendations while liaising with solicitors, valuers, brokers, and relationship managers.
- • You will produce clear, accurate documentation for credit decisions, escalate exceptions to appropriate authorities, monitor ongoing risk controls, and ensure full compliance with regulatory standards (TCF, AML, KYC) and internal policies, while contributing to MI/KPI development and process improvement initiatives.
- • You will build and maintain strong relationships with internal teams (distribution, operations, senior management) and external partners (brokers, valuers, solicitors), delivering excellent service in line with Allica Bank’s customer experience standards and values.
- • This role offers the opportunity to deepen expertise in SME lending, credit risk analysis, and regulatory compliance within a high-growth fintech environment, while developing leadership potential through personal development planning and active contribution to team improvement initiatives.
- • You will gain exposure to cutting-edge credit underwriting practices in a dynamic, innovative setting, helping shape the bank’s approach to serving established UK SMEs with complex financial profiles, and positioning yourself for advancement in credit risk, underwriting, or retail/commercial banking leadership.
🎯 Requirements
- • Significant experience in underwriting loan applications from a bank, building society, or financial institution, with direct exposure to UK SME customers and loan sizes ranging from £150K to £20M.
- • Proven ability to analyse financial accounts, budgets, and cashflow forecasts, supported by strong credit/financial analysis skills and understanding of loan underwriting risks and processes.
- • Experience in escalating and presenting cases at Credit Committee level and in Arrears Management, along with familiarity with regulatory requirements including TCF, AML, KYC, and Conduct risk.
🏖️ Benefits
- • Full onboarding support and continued development opportunities to grow your career within a fast-moving fintech.
- • Flexible and hybrid working options, allowing you to tailor your work arrangement to your needs.
- • Comprehensive benefits package including private health cover, life assurance, pension contributions, discretionary bonus scheme, and family-friendly policies such as enhanced maternity and paternity leave.
Skills & Technologies
About Allica Bank Ltd
Allica Bank is a modern digital bank built for established UK businesses with 5-250 employees. They offer business bank accounts with competitive rates, cashback, and no monthly fees for qualifying customers, alongside savings, commercial mortgages, asset finance, and growth finance solutions. Allica emphasizes a return to 'relationship banking,' providing customers with a dedicated relationship manager and UK-based support, a stark contrast to the often impersonal experience with larger banks. Their customer stories highlight successful business growth and streamlined banking processes, underscoring their commitment to serving the vital SME sector.
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