Product Analyst, iwoca
Repeats Team
£50-70k
+ Equity
1-3 days a week in office
Online loans for small businesses
Open for applications
Online loans for small businesses
201-500 employees
Open for applications
£50-70k
+ Equity
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
- Excellent critical thinking and problem-solving skills, with the ability to challenge and propose innovative solutions
- Strong analytical skills, we live and breathe data. Ability to provide insights, and present information (both written, and verbally) that is clear, well-structured, and engaging
- 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
- Experience working in a top-tier strategy consultancy or a strategic role at a tech or finance company
- Experience of working with tech, or willingness to develop in this area
- Experience in creating and optimising customer user journeys
What the job involves
- We’re looking for a Product Analyst to join our Repeats team, a cross-functional team of product, tech and analytics people, who are responsible for the product and lending strategy for customers that have already taken a loan with us
- As a Product Analyst, you’ll be responsible for optimising the customer journey of our existing customers
- You will also lead the development of new products and work closely with the team lead to improve our lending strategy (pricing, offered amount, etc.)
- Lead on improving our digital experience, driving customer conversion, retention, and satisfaction
- Collaborate with designers to refine solutions through mock-ups and testing
- Deeply understand customer motivations and frustrations through both qualitative and quantitative insights to drive impactful solutions
- Analyse performance trends to propose enhancements to pricing, lending amounts, and other loan features
- Partner with the team lead to define and deploy new products and lending features
- Work with other teams (e.g. credit risk, operations) to secure buy-in for new initiatives
- Evaluate opportunities using customer research and data analysis
- Work with developers to ensure smooth implementation of new features and changes
- Analyse performance post-launch and share insights with the wider business to guide future improvements
Salary benchmarks
Our take
UK SME's 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
Some candidates hear
back within 2 weeks
35% female employees
-2% employee growth in 12 months
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
$12.7m
GRANT
Feb 2019
$25.3m
SERIES D
Total funding: $92.4m
Company benefits
- Flexible working across all teams.
- Twice a year we rent houses in places like Sicily and the French Alps where each team can work together for a week poolside.
- Employee share options
- Comprehensive health insurance and cash plans.
- Counselling and private therapy benefits
- Fully stocked fridges for breakfast and snacks throughout your day.
- Enhanced maternity and paternity leave for new parents plus a nursery benefit.
- Unlimited unpaid leave.
- The time and budget to invest in your professional development.
- Volunteering Days
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
(CEO)James Dear
(Head of Systems & Numbers)People progressing
Joined as a Customer Onboarder, moved into the Broker Team and has most recently been promoted to Partnerships Manager.
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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