Senior Credit Analyst

iwoca; London; Hybrid; GBP 50,000 - 65,000; Full time

Job summary

iwoca is seeking a Senior Credit Analyst to join their expanding credit team. The role involves making fast, fair, and accurate credit decisions using various data sources, while collaborating with analytics teams to optimize lending approaches. The position supports a flexible work environment, offering competitive pay and numerous benefits.

Benefits

Medical insurance from Vitality

25 days' holiday plus extra birthday day

Paid volunteering day

Flexible working hours

Company retreats

Learning and development budget

Share options

Generous maternity and paternity leave

Qualifications

• 4+ years experience in commercial loan underwriting or credit analysis.
• Strong understanding of risk and revenue drivers.
• Excellent communication skills for customer interactions.

Responsibilities

• Assess credit applications using a variety of data sources.
• Support analysts on complex decisions.
• Work with analytics teams to optimize lending.

Skills

Business acumen

Analysis of financial statements

Communication skills

Problem solving

Adaptability

Job description

We’re looking for Senior Credit Analysts

We’re growing fast, and more customers means more credit decisions. Our credit team of 50+ analysts is expanding and we’re looking for experienced credit analysts or underwriters to assess our customers in a fast, fair and accurate way.

About us

Fast, flexible finance empowers small businesses to manage their cash flow better and seize opportunities - making their business and the economy stronger as a whole. At iwoca, we do just that. We help businesses get the funds they need, when they need it, often within minutes.

We’ve already made several billion in funding available to over 100,000 businesses since we launched in 2012, and positioned ourselves as a leading Fintech in Europe. Our mission is to finance one million businesses. We’ll get there by continuing to make our finance ever more relevant and accessible to more businesses by combining cutting-edge technology, data science and a 5-star customer service.

Our culture

We’re expanding fast across our offices in London, Leeds and Frankfurt. With all this growth, we’re looking for people who want to learn on the job and lead projects, knowing that your ideas will impact thousands of small businesses.

Your Mission

To assess credit applications - you’ll use your experience, a variety of data sources and our tech platform to make fast, fair and accurate decisions.

You’ll have autonomy in decisioning, the scope of which will increase over time as you build knowledge of our systems and processes.

You will support other analysts on larger and more complex decisions, which is a key part of our workflow.

Our credit decisioning is data driven. You’ll work alongside our analytics teams to optimise our approach to lending and adapt your own approach in line with that goal.

Requirements

We look for people who are smart, humble, motivated and who are always looking to improve.

You'll have:

4+ years experience in commercial loan underwriting, credit sanctioning or credit analysis within the UK or European SME sector.

Strong business acumen and a working understanding of the risk and revenue drivers that influence the creditworthiness of a loan application

The ability to interpret & analyse financial statements

A motivated and enthusiastic attitude that works well in a regularly changing and fast paced environment

Excellent communication skills. You will have direct telephone contact with our customers, daily interaction within credit whilst decisioning and regular contact with other teams on cross functional initiatives.

An analytical mindset with a practical approach to problem solving. You come up with innovative and scalable solutions to day-to-day problems and suggest changes to processes to improve efficiency

Work-life balance is incredibly important at iwoca and we offer flexible working so you can make better use of your free time. This is a hybrid role in which you can split your time between the office and home with the average office attendance being 3 times per week.

The salary

Our base salary range is £50,000 - £65,000. We want to pay all of our employees fairly, so that’s why we regularly benchmark salaries based on market rates and to recognise your increasing value to our business.

We put a lot of effort into making iwoca a brilliant place to work:

Offices in London, Leeds and Frankfurt.

Events and clubs, like bingo, comedy nights, yoga classes, football…

Two company retreats a year, we’ve been to France, Italy, Spain and further afield

Plenty of drinks and snacks in our offices.

We offer a wide range of benefits:

Medical insurance from Vitality, including discounted gym membership

25 days’ holiday, an extra day off for your birthday and the option to buy or sell an additional 5 days of annual leave

Instant access to emotional and mental health support with our partner, Spill

Share options

Generous maternity and paternity leave

A nursery tax benefit scheme to help you save money

Paid volunteering day to support your chosen charity

Extra leave if you want to travel or study

One-month fully paid sabbatical after 4 years

Electric car scheme

And to make sure we all keep learning, we offer:

An L&D budget for everyone, including a book budget

Company-wide talks with internal and external speakers

Access to learning platforms like Treehouse if you want to learn to code