Credit Analyst

iwoca is a fintech start-up, offering a new type of finance designed for small businesses. An iwoca credit facility allows a business to borrow up to £100,000 on demand. It’s free to apply and there are no long-term commitments, no hidden fees and no complex forms.

The Company:

iwoca is a fintech start-up, offering a new type of finance designed for small businesses. An iwoca credit facility allows a business to borrow up to £100,000 on demand. It’s free to apply and there are no long-term commitments, no hidden fees and no complex forms.

iwoca gives faster, more accurate decisions than traditional lenders. Online integrations with the high-street banks, payment processors and sector-specific providers give thousands of data points for each business. These feed into a risk engine that enables iwoca to make a fair assessment of any business – from a retailer to a restaurant, a factory to a farm – and approve a credit facility within hours.

Since launch in 2012, iwoca has lent over £170M to nearly 10,000 businesses. iwoca is based in London and has operations in Poland, Spain and Germany.

The Role:

They’re looking for Credit Analysts who can help make even better lending decisions whilst supporting the business’ rapid growth. The team of Credit Analysts is responsible for making lending decisions for each of the small businesses that get in touch.

You’ll be utilising your interest in Finance and leveraging on your analytical skills in order to evaluate credit applications and make data-driven decisions.

Responsibilities:

  • Evaluate credit applications – using our cutting-edge tech platform, you will be analysing data from financial statements, credit reference agencies, application forms and other third party sources to arrive at fast, fair, and accurate decisions.
  • Build a loan book – as you gain experience, you will make decisions on your own set of customers and will be expected to grow your own loan book.
  • Work closely with our Account Management team – Account Managers act as “customer champions” and you’ll work with them to ensure the best is done to meet an applicant’s needs and offer a fast, slick service.

Role requirements:

  • 2.1 degree or above from a top university ideally in a highly quantitative subject (Maths, Engineering, Physics, Computer Science, Economics, Finance).
  • Good business acumen and a working understanding of what makes a good business good, so you can quickly identify the key drivers behind an application.
  • The ability to interpret key financial statements and an understanding of the key risk drivers specific to SMEs.
  • An analytical mindset with a practical approach to problem solving.
  • You should thrive under a KPI driven environment where you are responsible for meeting global risk targets.
  • To be confident, focused and enthusiastic. You should be comfortable in a fast-paced startup environment where every month needs to be a record month.
  • Good communication skills. You will have direct telephone contact with loan applicants to extract additional information so need a friendly telephone manner.
  • A bucket load of common sense

Beneficial requirements:

  • Experience in commercial loan underwriting, preferably within the SME sector or alternative lending.

Training and Development

There will be thorough on-the-job training and development; you’ll be picking up information incredibly quickly, with a great support network around you. The environment is incredibly meritocratic, you will be progressed on your own merit.

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