Senior Data Scientist, iwoca
£70-100k
+ Employee equity incentive scheme
Online loans for small businesses
Open for applications
Online loans for small businesses
201-500 employees
Open for applications
£70-100k
+ Employee equity incentive scheme
201-500 employees
Company mission
To give small business owners a great experience while getting the finance they need.
Role
Who you are
- Ability to effectively communicate with stakeholders and downstream users of the model, and to maintain up-to-date and reliable documentation
- Strong problem-solving skills in probability and statistics
- Experience developing code collaboratively and implementing solutions in a production environment
- Proficiency with data manipulation and modelling tools — e.g., pandas, statsmodels, R
- Experience with scientific computing and tooling — e.g., NumPy, SciPy, Matlab, etc
- Self-driven with the capability to efficiently manage projects end-to-end
- Experience working on research projects, particularly those involving mathematical, statistical, or analytical modelling
Desirable
- Experience building machine learning models from scratch (e.g., built your own optimiser)
- Excellent knowledge of stochastic processes and related mathematical techniques
- Experience with Python. (Note: we mostly work in Python.)
- Knowledge of financial concepts (e.g. calculations with deterministic cash flows)
What the job involves
- Our Customer Lifetime Value (CLtV) model is a highly developed and tailored model, which is central to our business strategy at iwoca. As a Data Scientist in our CLtV team, you will be developing this model so that it represents and codifies our best and most current understanding about the true lifetime value of our customers
- Customer Lifetime Value (CLtV) represents the value each customer brings to iwoca. This concept is central to our business, influencing decisions across every department
- The CLtV team is a small and versatile group of people who manage the CLtV model from the R&D stage all the way to deploying model releases into production. We manage data pipelines that enable the business to use our predictions in their day-to-day decision-making
- Our dynamic and autonomous environment emphasises on ‘getting things done’ and delivering high quality solutions. You can expect working closely with stakeholders, delivering solutions iteratively to incrementally add value, collecting and addressing feedback, and also providing support to the team and wider business
- Your role as a Data Scientist in the CLTV team will involve growing and demonstrating your skills in several key areas, including but not limited to:
- Explore and integrate innovative modelling methods into our training pipeline to enhance the predictive power and flexibility of our model
- Take responsibility for the full lifecycle of the model, including training, validation, deployment, and performance monitoring
- Clearly communicate and explain any model changes to the business, ensuring transparency and fostering trust in the model's predictions
- Collaborate with Data Scientists and Analysts in other teams to ensure that our model predictions are appropriately utilised and interdependencies are accounted for
- Utilise our modelling and analytics tools (and introduce new ones where appropriate) to uncover insights, such as customer behaviour patterns or the efficacy of new modelling techniques
- Effectively communicate these insights with the broader business to drive value by changing the way iwoca operates
- Independently develop data science solutions to address iwoca's business challenges, with increasing responsibility in solution design
- Maintain strong communications with stakeholders throughout your work to ensure that your solutions are pragmatically solving the business problem at hand and to get technical feedback for personal growth
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
Few candidates hear
back within 2 weeks
35% female employees
21% 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
$12.5m
GRANT
Feb 2019
$24.9m
SERIES D
Total funding: $91.4m
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
(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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