Product Strategy Associate , iwoca
£55-70k
+ Equity incentive scheme
1-3 days a week in office
Online loans for small businesses
Be an early applicant
Online loans for small businesses
201-500 employees
Be an early applicant
£55-70k
+ Equity incentive scheme
1-3 days a week in office
201-500 employees
Company mission
To give small business owners a great experience while getting the finance they need.
Role
Who you are
- Experience working in a strategy consultancy, tech or finance company in a strategy, product, or analytical role
- Strong analytical and problem-solving skills, with the ability to interpret complex data and deliver actionable insights. We are looking for natural curiosity to spot, break down, and resolve problems
- Finance and accounting knowledge with a deep understanding of (lending) business models and financial metrics. You will need this to influence the product vision, driving growth and profitability
- Excellent communication skills. A team player with a fine balance of confidence, gravitas, humility, and enthusiasm: you will need to work with various teams to get stuff done in a rapidly growing environment
Desirable
- Familiarity with credit products or lending strategies in a B2B context
- Hands-on experience working with complex data structures using SQL or Python for data analysis
- Statistical mindset with the ability to setup, run and analyse RCTs and split tests. Extra bonus for knowledge of Bayesian Statistics
- Passionate about helping small businesses thrive—belief in our mission is important!
What the job involves
- The DE Lending Proposition Team is where iwoca's boldest ideas come to life. We're a dynamic, cross-functional squad that drives our lending strategy forward and shapes the future of small business finance in Germany
- From conceptualizing new products to refining user experiences, our work directly impacts thousands of businesses' ability to grow and succeed
- We operate as a fully autonomous unit, bringing together specialists in back-end and front-end development, product management, data science, and analytics
- This diversity of expertise allows us to tackle challenges from every angle, move fast, and deliver solutions that truly work for our customers
- We’re looking for a Product Strategy Associate to help shape the future of our lending products
- This role bridges strategy, analytics, and product development, driving innovation to deliver exceptional value for our customers while supporting iwoca's growth objectives
- Strategy development and innovation:
- Contribute to the development and execution of strategies that enhance iwoca’s credit terms, including pricing, credit limits, and repayment terms
- Identify and assess market opportunities to introduce new products or features, ensuring alignment with customer needs and business goals
- Continuously question existing processes and the potential to refine user journeys, drive customer satisfaction and business outcomes
- Analytics excellence:
- Develop experiments to test new product concepts, iterating based on customer feedback and performance data
- Build custom tools and data pipelines to investigate complex topics and enable the wider team to monitor the performance of products post-launch, using insights to inform future improvements
- Combine quantitative data and qualitative insights to identify pain points and unlock growth opportunities
- Collaboration and influence:
- Support cross-functional alignment on product priorities and engage senior stakeholders
- Work closely with Credit Risk, Data Science, Operations, and Commercial teams to ensure seamless execution of product initiatives
- Be in constant dialogue with our Customer Acquisition teams (Brokers, Sales, Account Managers and Commercial Strategy) to tap into up to date feedback from both customers and intermediaries
- Turn findings into strategy insights that support the Head of Product and General Manager in determining the long-term vision of iwoca DE
Our take
UK SMEs are the backbone of a complex economy that is constantly changing, so the need for fast and responsive access to finance is becoming more and more important to ensure their success and growth. iwoca allows SMEs access to business loans in less than a minute, with its API and business marketplace partnerships.
With offerings like iwoca's, gone are the days where waiting up to eight weeks for a loan decision was viable. Its simplified business loans of £1,000 - £500,000 come with no fees attached, and applying online takes no more than five minutes. The ready availability of iwoca loans gives business owners a level of certainty, so that they can make instant decisions to help their business grow.
iwoca has made a number of partnerships with other players in the business finance space, including an impressive industry-first invoice checkout integration with QuickBooks. Funding raised by the company, which is now operating at net profitability, will enable it to meet a recent surge in demand for corporate loans. The company has made several billion in funding available to over 100,000 businesses since launching, positioning itself as a leading European fintech.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Employee endorsements
Opportunities to learn
"Great opportunities available to learn from both individuals through shadowing, and teams through presentations and even secondment opportunities -..."
Funding (last 2 of 7 rounds)
Aug 2019
$13.4m
GRANT
Feb 2019
$26.7m
SERIES D
Total funding: $96.9m
Company benefits
- Flexible working
- 25 days’ holiday, an extra day off for your birthday, the option to buy or sell an additional 5 days of annual leave, unlimited unpaid leave, and one-month fully paid sabbatical after 4 years
- Instant access to emotional and mental health support with our partner, Spill
- Pension and share options
- Generous parental leave and a nursery tax benefit scheme to help you save money
- Two company retreats a year, we’ve been to France, Italy, Spain and further afield
- A learning and development budget
- Company-wide talks with internal and external speakers
- Events and clubs, like bingo, comedy nights, yoga classes, football, etc
- Medical insurance from Vitality, including discounted gym membership, and a private GP service for you, your partner, and your dependents 🇬🇧
- Paid volunteering day to support your chosen charity 🇬🇧
- Cycle-to-work scheme and electric car scheme 🇬🇧
- See iwoca benefits & policies for detail and some additional benefits: https://coda.io/@iwocauk/iwoca-benefits-policies-uk 🇬🇧
Company values
- Motivated: Going to work shouldn't feel like a slog, so we want everyone in the team to personally care about what they're working on. We stay motivated by celebrating our wins, learning from our mistakes, and always looking for new gaps to step into
- Smart: At iwoca being smart isn't about what you know, it's about how you think. Smart thinking means looking at each problem by asking ‘why’ first, then figuring out ‘how’
- Humble: We know all ideas are flawed, all code has bugs, and everyone makes mistakes - it’s how we learn. For us, being humble means you question yourself first, rather than your team
- Growth Mindset: We think there's always a better way to solve a problem. So we never let ourselves get comfortable with being good enough
Company HQ
Fitzrovia, London, UK
Articles
Leadership
Christoph Rieche
(Co-Founder & CEO)Previously spent 7 years at Goldman Sachs as a Vice President before co-founding iwoca in 2011.
James Dear
(Co-founder and Head of Numbers & Systems )Prior to founding iwoca, worked in Deutsche Bank and completed his PhD in Stochastic Calculus and Theoretical Physics.
People progressing
Serita joined as a Customer Onboarder, before moving into the Broker Team. Most recently they have been promoted to Partnership Manager.
Leo joined in 2018 as a Client Onboarder. Since then, they have worked in a number of roles and now serve as the Product Manager.
Jenny originally joined our Client Onboarding team and now leads our Customer Success department for our German business.
Joost joined iwoca in 2017 as an Intern. Since then they have worked their way up, working as a Growth Analyst, Strategy Associate, Head of Product, Head of Commercial Strategy, and now, CMO.
Diversity, Equity & Inclusion at iwoca
- We work hard to make iwoca a place where everyone feels welcome, where you can confidently be yourself. We understand that diversity isn't an optional add-on, it's the core ingredient of what makes us great.
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