Credit Specialist

Public Sector Resourcing; England; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A national research funding agency is seeking a Credit Risk Specialist to analyze the financial strength of applicant businesses and present recommendations to the Credit Committee. The role is hybrid, based in the UK, requiring strong credit risk analysis background, experience in banking, and the ability to engage with applicants. This is a 6-month contract offering a unique opportunity to work on game-changing innovations.

Qualifications

• Strong background in Credit Risk.
• Previous experience in a banking/lending environment.
• Ability to assess creditworthiness of businesses.
• Engage with applicants to gather information.
• Proven experience in analyzing financial statements.
• High level of accuracy in documentation review.
• Experience working cross-functionally with teams.

Responsibilities

• Analyse financial and non-financial strength of applicants.
• Engage with applicants to gather additional information.
• Produce sensitivity analysis for transactions.
• Present recommendations to the Credit Committee.
• Assist in moving transactions through to execution.
• Support workflow management and document processing.

Skills

Credit Risk background

Experience in banking/lending

Assessing creditworthiness

Engaging with applicants

Financial statement analysis

High accuracy in documentation review

Cross-functional teamwork

Job description

On behalf of UKRI, we are looking for a Credit Risk Specialist Inside IR35 for a 6 month contract based Hybrid working (Remote with occasional meetings in Swindon or London office and remaining WFH)

UK Research and Innovation (UKRI) is the national funding agency investing in science and research in the UK.

UKRI invests £8 billion of taxpayers' money each year into research and innovation and the people who make it happen. They work across a huge range of fields - from biodiversity conservation to quantum computing, and from space telescopes to innovative health care. They give everyone the opportunity to contribute and to benefit, bringing together people and organisations nationally and globally to create, develop and deploy new ideas and technologies.

Innovate UK Loans Limited (IUKL) is a government-backed organisation operating under UK Research and Innovation (UKRI). It delivers the Innovation Loans Programme, which provides flexible, patient capital to UK-registered micro, small, and medium-sized enterprises (SMEs) working on late-stage research and development (R&D) projects.

These loans are designed to support game-changing innovations with strong commercial potential, helping businesses bridge the gap between R&D and market success.

Main duties and responsibilities of the Credit Risk Specialist would be:

• Analysing the financial and non-financial strength of applicant businesses from information provided and verifying this against external sources where applicable, including sensitivity analyses, cashflow analysis and balance sheet tests.
• Engaging with applicants to source additional information to underpin your credit analysis.
• Supporting the Credit Specialists by producing sensitivity analysis, both at the level of the transaction and the overall portfolio.
• Based on your analysis, presenting recommendations to the IUKL Credit Committee alongside the lead Credit Specialist on the outcome of the application, deal structure and conditionality.
• Working alongside the Lending Operations team to move approved transactions through to execution, including quality assurance of legal documentation, satisfaction of conditions and perfection of security documentation.
• Ad hoc support with workflow management, scheduling and document processing to support deal flow.

Essential:

• Strong background in Credit Risk
• Previous experience in a banking/lending environment
• Demonstrated ability to assess creditworthiness of businesses, preferably in a lending or financial services environment.
• Ability to engage with applicants to gather information and present clear, concise credit recommendations to internal stakeholders or committees.
• Proven experience in analysing financial statements, including cash flow, balance sheet, and income statement analysis, with the ability to perform sensitivity and scenario analysis.
• High level of accuracy in reviewing legal and financial documentation, ensuring compliance with conditions and security requirements.
• Experience working cross-functionally with teams such as Lending Operations, Legal, or Compliance to support deal execution

Please be aware that this role can only be worked within the UK and not Overseas.

Disability Confident

As a member of the Disability Confident Scheme, UKRI guarantees to interview all candidates who have a disability and who meet all the essential criteria for the vacancy. In cases where we have a high volume of candidates who have a disability who meet all the essential criteria, we will interview the best candidates from within that group. This scheme encourages candidates with a disability and/or neurodivergence to apply. In exceptional circumstances, we may also need to apply the desirable criteria in our shortlisting process which may include holding active security clearance.

Armed Forces Covenant

UKRI guarantees to interview veterans or spouses / partners of military personnel who meet all the essential criteria for the vacancy. In cases where we have a high volume of ex‑military candidates / military spouses or partners, who meet all the essential criteria, we will interview the best candidates from within that group. In exceptional circumstances, we may also need to apply the desirable criteria in our shortlisting process which may include holding active security clearance.

In applying for this role, you acknowledge the following "this role falls in scope of the Off Payroll Working in the Public Sector legislation. Any rates of payment quoted will reflect the gross rate per day for the assignment and will be subject to appropriate taxes and statutory costs. As such the payment to the intermediary and your income resulting from this contract will be different".