Good place to work - Lending Manager Allica Bank Employee Review

Work from home almost immediately

During the recruitment process, HR confirmed that a non-contributory pension scheme was offered. However, upon joining the organisation, this proved to be inaccurate, raising concerns about the transparency and accuracy of information provided to prospective employees. The onboarding and training provided to new starters is extremely limited. There is a significant lack of structured learning, guidance, and support, making it unnecessarily difficult for employees to become effective in their roles. New employees are largely left to navigate systems, processes, and responsibilities independently, with minimal assistance or direction from management. While the organisation publicly promotes a commitment to employee wellbeing and mental health, my experience suggested a considerable disconnect between these statements and reality. Support appears superficial, and employees facing difficulties may feel unsupported rather than genuinely cared for. The company frequently highlights speed and agility as key strengths. However, operational reality often falls far short of this claim, with decisions, processes, and actions regularly taking weeks, or even months to complete. The organisation's current growth strategy appears heavily reliant on offering market-leading savings rates. Given that interest rates are subject to change and may decline in the future, there are legitimate questions about the sustainability of this approach, particularly when other products, services, and operational capabilities do not appear equally competitive or even basic stuff don’t even work properly for clients.

Allica is a great company to work for. It has good pay, friendly environment supported by talented colleagues, great aspirations and a vision for AI first initiative. It offers a good health insurance, quarterly offsite, occasional UK visits (for Indian colleagues) and a quite flexible working environment. The senior management is helpful and career growth is recognised as well. Any technical initiative is always recognised as well.

The con I would say is at times the fast paced environment becomes a bit too much. So there can be days with not much work pressure while on some days work load might spike up.