Credit Strategy Analyst

Small businesses move fast. Opportunities often don’t wait, and cash flow pressures can appear overnight. To keep going, and growing, SMEs need finance that’s as flexible and responsive as they are. That’s why we built iwoca. Our smart technology, data science and five-star customer service ensures business owners can act with the speed, confidence and control they need, exactly when it’s needed. We’ve already cleared the way for 100,000 businesses with more than £4 billion in funding. Our passionate team is driven to help even more SMEs succeed, through access to better finance and other services that make running a business easier. Our ultimate mission is to support one million SMEs in their defining moments, creating lasting impact for the communities and economies they drive.

The Credit Risk Modelling team builds and improves the models that drive iwoca’s lending decisions. They combine data science, engineering, and risk expertise to balance automation with human judgement, and their work supports everything from underwriting and pricing to portfolio monitoring. The team’s work is central to iwoca’s growth and has a direct impact on both customer outcomes and business performance. The team includes eight data scientists, two developers, and three lending strategy data analysts, all working hybrid schedules in London. The team’s work is quite collaborative and there’s always four or five people in the office on a given day. The team plans objectives for each quarter and manages progress with weekly meetings. They also have standups every other day to share concerns and help each other.

You’ll analyse data and contribute to the development of our credit models for the enhanced underwriting segment. You’ll work with analysts, data scientists, and senior stakeholders to shape iwoca’s lending strategy.

Learn:

• Build expertise in the credit domain.
• Develop your analytical skills through exposure to different experimental approaches and complex analysis.

Develop commercial influence:

• Practice turning data into information, and information into insights, so that you and various stakeholders can deliver improvements with real impact for our customers.

Work on interesting and impactful projects, for example:

• Monitoring and refining risk models to improve decision-making and portfolio outcomes.
• Analysing portfolios and tests to investigate credit performance, identify drivers of change, and adapt lending strategies.
• Improving our data, systems, and workflows to strengthen underwriting and monitoring.
• Supporting new product launches and adapting policies to meet investor and regulatory needs.

The requirements

Essential:

• A quantitative background, such as a degree in mathematics, statistics, economics, engineering, or a related field.
• Ability to analyse data and generate insights to support decisions.
• Ability to evaluate underwriting processes and improve credit models or policies.
• Clear written and verbal communication, with the ability to tailor analysis and recommendations to different audiences.
• A team player, with the ability to work confidently and enthusiastically with different people and teams.

Bonus:

• Experience in B2B or B2C credit risk, lending, and strategy.
• Proficiency in SQL and Python.
• Experience with data visualisation tools like Looker.

The salary

We expect to pay from £40,000–£55,000 for this role. But, we’re open-minded, so definitely include your salary goals with your application. We routinely benchmark salaries against market rates, and run quarterly performance and salary reviews.

The culture

At iwoca, we prioritise a culture of learning, growth, and support, and invest in the professional development of our team members. We value thought and skill diversity, and encourage you to explore new areas of interest to help us innovate and improve our products and services.

The offices

We put a lot of effort into making iwoca a brilliant place to work: Offices in London, Leeds, Berlin, and Frankfurt with plenty of drinks and snacks. Events and clubs, like bingo, comedy nights, yoga classes, football, etc.

The benefits

• Medical insurance from Vitality, including discounted gym membership.
• A private GP service (separate from Vitality) for you, your partner, and your dependents.
• 25 days’ holiday, an extra day off for your birthday, the option to buy or sell an additional five days of annual leave, and unlimited unpaid leave.
• A one-month, fully paid sabbatical after four years.
• Instant access to emotional and mental health support.
• 3% Pension contributions and share options.
• Generous parental leave and a nursery tax benefit scheme to help you save money.
• Cycle-to-work scheme and electric car scheme.
• Two company retreats a year, we’ve been to France, Italy, Spain, and further afield.

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

• A learning and development budget for everyone.
• Company-wide talks with internal and external speakers.
• Access to learning platforms like Treehouse.