Lending Strategy Analyst, iwoca
£35-50k
Plus 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
£35-50k
Plus 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
- Strong numerate background, i.e. maths, physics, statistics, computer science, or similar
- Ability to analyse and interpret data to provide insights and support decision-making
- Team player with a fine balance of confidence, gravitas, humility, and enthusiasm: you will work with various stakeholders to get stuff done in a rapidly growing environment
- Fluent in English, both written and verbal communication
Desirable
- A natural curiosity to spot, break down and resolve problems
- SQL and Python coding skills
- Data Visualisation tools such as Looker
- B2B or B2C credit risk lending & strategy experience
What the job involves
- We are looking for a Lending Strategy Analyst who can help us manage our portfolio risk, support our growth plans and help even more small and medium-sized businesses in the UK market
- Leading analytics efforts to assess lending book risk, inform strategy decisions and ensuring robust monitoring processes are in place to follow up on strategic changes
- Supporting governance framework establishment for risk management and adherence to business objectives
- Partnering with stakeholders to provide credit risk expertise for cross-functional projects
- Developing and maintaining reporting dashboards to provide clear insights into lending status
- Collaborating closely with the data science teams to enhance credit monitoring and analysis
- Working with credit scoring infrastructure, eligibility criteria and credit scoring models
- Engaging in diverse, fast-paced projects to learn and drive impactful changes
- Daily tasks encompass problem discovery, data analysis, and solution generation for risk strategy enhancements
- Close collaboration with Credit Analysts, Data Scientists, team leaders, senior management, and stakeholders from different business units
- The Portfolio Risk Team plays a crucial role in the success of iwoca. They develop our monitoring systems to ensure that we remain within desired risk appetite levels, enable enhancements in the use of risk scores, and collaborate with a variety of stakeholders to facilitate new product initiatives
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
-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
$12.6m
GRANT
Feb 2019
$25.1m
SERIES D
Total funding: $91.8m
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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