Commercial Analyst, iwoca
£40-50k
+ Share options
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
£40-50k
+ Share options
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
- We’re looking for a Commercial Analyst with a passion for data and analytics to power our partnerships strategy
- We’re looking for an inquisitive independent thinker with a proactive can-do attitude
- At least 2 years of experience in a similar analytical role with commercial applications
- Highly proficient in Google Sheets or Microsoft Excel and experience with a business intelligence tool (Looker is most preferable, Tableau, Power BI etc)
- Strong commercial acumen
- Educated to degree level or higher
Desirable
- Background in Mathematics or other quantitative subject
- Understanding of LookML and SQL
- Experience in fintech or similar industry
What the job involves
- The successful candidate will ensure we’re making data-driven decisions based on robust testing to help grow our partnerships channel, as well as developing and maintaining the business intelligence (BI) and data infrastructure of the team
- This role will collaborate closely with the Head of Partnerships, playing a pivotal part in accelerating the growth of our partnerships channel and taking iwoca’s impact to the next level
- The Partnerships team plays a key role in driving iwoca’s customer acquisition by delivering cutting-edge embedded finance solutions to small businesses through our powerful Lending API. Working with a diverse range of partners, from globally recognised names to dynamic micro businesses, helping them unlock new growth opportunities
- He team is a mix of commercial, technical, and analytical experts, all united to maximise value from both new and existing partnerships
- Analysis:
- Operational and strategic analysis: conduct bespoke analysis to solve business problems and support long term team objectives
- Performance monitoring: identify opportunities for improvement in the customer funnel through working with our Partnership Managers to monitor the performance of individual partners
- New partnerships: support pitching to new partners by providing relevant insights and data
- Reporting and tracking:
- Reporting infrastructure: building and maintaining reporting infrastructure used by the team and our Partners
- Cost tracking: Track commission costs for our partners, using these to evaluate the ROI of our partners and the overall team
- Data support:
- Data knowledge: be a data champion for the team, helping our team to correctly use and interpret data, and to tackle any issues or questions that arise
- Looker training: work with the team to level up their data skills and empower them to achieve more with our vast amounts of available data
- Collaboration: work with other teams to identify new uses for data and to fix issues with existing data
Salary benchmarks
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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