Reconciliation Operations Analyst, iwoca
£45-55k
We’re open-minded about salary, so definitely include your salary goals with your application
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
£45-55k
We’re open-minded about salary, so definitely include your salary goals with your application
1-3 days a week in office
201-500 employees
Company mission
To fund one million small businesses.
Role
Who you are
- The ideal candidate will possess experience in resolving a range of operational and reconciliation issues, demonstrating strong analytical and problem-solving capabilities
- 5+ years of relevant background experience in the financial operations or reconciliation area
- Extremely accurate, possess an analytical mindset, excellent attention to detail and strong organisational skills
- Experience within card networks or card payment processors
- Be able to adapt quickly to changes, think on your feet and take ownership of your work
What the job involves
- We are looking for a Reconciliation Operations Analyst to join our Finance function and work within our Financial Operations (FinOps) team at iwoca
- This role offers an opportunity to contribute directly to the efficiency of our financial operations
- Working as part of our FinOps Team the successful candidate would take on a range of tasks supporting our Reconciliation Manager and Financial Operations Lead who have responsibility for the finance operations at iwoca
- Being part of our first-line of contact for solving complex reconciliation & operational issues as they arise, to make sure our customers receive the best possible service
- Ensuring the accuracy of our daily reconciliation of our customer funding and collections alongside our Junior Ops Analyst
- Assist in day-to-day treasury administration, working across our several banking and payment providers
- Working with both our internal capital markets & transaction management teams, to assist them on reconciliation reporting and matters affecting both new and existing financing deals
- Supporting inbound reconciliation & treasury requests from third parties such as our auditors or fund depositary
- Direct responsibility for monitoring operational & reconciliation reporting dashboards
- Ensuring relevant procedure documentation is in place across key operational processes within the FinOps team
- Assisting the Reconciliation Manager with projects to improve our operations
- The role will offer an opportunity to work at the heart of the reconciliation team and contribute to the pivotal part that reconciliation plays in the overall finance function and iwoca as a whole
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 and offer more to larger SMB businesses. And 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
$13.3m
GRANT
Feb 2019
$26.6m
SERIES D
Total funding: $96.4m
Company benefits
- Work where you work best: Twice a year we rent houses in places like Sicily and the French Alps where each team can work together for a week poolside. We champion flexible working in all our teams
- Invest in iwoca: We want people to be invested in iwoca's success so after six months you'll be awarded share options
- Keep yourself healthy: We offer comprehensive health insurance and cash plans. You'll also get gym discounts and we host yoga classes in the office every week
- Start (and end) your day right: Each floor of iwoca HQ has a fully stocked fridge for breakfast and every Friday we unwind with beers and wine
- Life-work balance: We know your life outside of work comes first. We offer enhanced maternity and paternity leave for new parents plus a nursery benefit. We also have unlimited unpaid leave
- Learning and development: Whether you want to learn to code, experiment with motion design, or beat cognitive biases, you'll have time and budget to invest in your professional development
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.
Joost Versteeg
(CMO)Joost initially joined iwoca in 2017 as an Intern. Since then, they have held a number of roles, from Growth Analyst to Head of Commercial Strategy and became CMO in 2024.
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 the Client Onboarding team and now leads the Customer Success department for the German business.
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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