Senior Invoice Finance Specialist | London, UK

Careers at Tide; London; Hybrid; GBP 40,000 - 80,000; Full time

Job description

ABOUT TIDE

At Tide, we are building a business management platform designed to save small businesses time and money. We provide our members with business accounts and related banking services, but also a comprehensive set of connected administrative solutions from invoicing to accounting.

Launched in 2017, Tide is now used by over 1 million small businesses across the world and is available to UK, Indian and German SMEs. Headquartered in central London, with offices in Sofia, Hyderabad, Delhi, Berlin and Belgrade, Tide employs over 2,000 employees.

Tide is rapidly growing, expanding into new products and markets and always looking for passionate and driven people. Join us in our mission to empower small businesses and help them save time and money.

ABOUT THE TEAM:

Funding Options joined the Tide family in early 2023 to lead their Partner Credit Services offering. Through their panel of 100 leading lender partners, Funding Options supports UK SMEs to get the right finance in place so they can trade, plan and grow with confidence. Through their multi award-winning platform, Funding Cloud, they can effectively match customers to the right lender and finance product that best suits their needs in minutes with funding decisions in as little as 20 seconds, giving every customer a 5 Star experience whether successful or not, through our sheer professionalism and outstanding standard of customer service.
WHAT WE'RE LOOKING FOR:

An experienced Invoice Finance Specialist to join our Asset Backed Lending team (ABL), you will contribute to developing and managing the ABL activity, achieving targets and growing the Invoice Finance function. You will originate, structure and execute receivables-led transactions.

Some of the things you'll be doing:

Origination

You will be primarily working on inbound leads, but also responsible for tapping into your existing network with receivables based finance requests, working with the marketing team to improve and enhance customer acquisition for the IF product class.

You will also be required to actively develop and manage relationships with a variety of stakeholders internally and externally - through KPIs and targets. Originate business in the Invoice Finance market, including participation in customer and lender meetings, preparation of proposals and attendance at market events and conferences.

Deal execution

To propose, negotiate and execute invoice finance facilities in the SME market, to support a variety of proposals from working capital requirements to facilitating growth and unlocking cash flow tied up in invoices. You will be required to analyse customers' business and financial performance, ensuring you remain customer focused. You will lead and support invoice finance enquiries, managing the whole application cycle from first call through to completion. This will involve you identifying the customer requirement, placing opportunities with the correct lenders and keeping both the customer and the lender informed at all times.

Risk management

To effectively assess, prepare and present cases for credit submission, including financial analysis and clearly articulating deal dynamics and key risks/mitigates of each transaction. Operating at all times within the defined risk boundaries from both deal and compliance perspective, displaying a proactive attitude to managing risk.

What makes you a great fit:

• You'll have a strong working knowledge of Invoice Finance products/services and offerings
• You have a track record of successfully helping customers find the right funding
• You're comfortable working in a fast-moving company where priorities can change and processes may need to be created from scratch
• You'll have a strong network of relationships in the broker and intermediary markets, accountants, debt advisory, corporate finance, private equity, restructuring and accountancy firms at senior level
• You have very strong financial analysis skills
• You're a self-starter who doesn't wait for instruction, and who works backwards from targets to ensure effective execution
• Three to five years experience in a sales and target based role

WHAT YOU'LL GET IN RETURN:

Make work, work for you! We are embracing new ways of working and support flexible working arrangements. With our Working Out of Office (WOO) policy our colleagues can work remotely from home or anywhere in their home country. Additionally, you can work from a different country for up to 90 days a year. Plus, you'll get:

• Competitive salary
• Vitality Health Insurance, with a proactive focus on mental and physical wellbeing
• 24/7 Employee Assistance Programme
• 25 days holiday with the ability to buy extra days
• We invest in your development with a £1,000 professional L&D budget per year
• Access to 'salary sacrifice' benefits such as Cycle to Work scheme and pension contribution
• Spacious brand new office in Liverpool street with an all-day snacks bar
• Enhanced family-friendly leave
• 24 hours paid volunteering time off per year
• Flexible working options
• Sabbatical leave

TIDE IS A PLACE FOR EVERYONE

At Tide, we believe that we can only succeed if we let our differences enrich our culture. Our Tideans come from a variety of backgrounds and experience levels. We consider everyone irrespective of their ethnicity, religion, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity or differently-abled status. We celebrate diversity in our workforce as a cornerstone of our success. Our commitment to a broad spectrum of ideas and backgrounds is what enables us to build products that resonate with our members' diverse needs and lives.

We are One Team and foster a transparent and inclusive environment, where everyone's voice is heard.