Head of Credit Finance in London

LemFi (Series B) is building the go-to financial app for the Global South. Moving to a new country shouldn’t mean starting from zero. That's why our team of 400+ spanning 20+ countries is building a financial ecosystem that helps immigrants stay connected to home, build stability, and create wealth regardless of where they are from or where they live. What began as fast, affordable remittances is now evolving into a complete platform for multi-currency accounts, payments, credit, and long-term financial growth. With millions of users across the globe, we process over $1B in monthly transactions to 30+ countries, proving that borders shouldn't limit financial opportunity.

About the role: We've built a remittance business at scale, and credit is where we take it next: deepening the relationship with the customers we already have, and opening a front door to a whole new set who have never used LemFi before. Live in the UK, with further markets to follow. The credit management and product teams are well established and the business is trading. With a warehouse facility now secured, the piece that's missing is a finance leader alongside them. As the first finance hire dedicated to credit, you'll own the accounting for the business end to end: the loan book and the funding structures behind it.

What you'll build and own:

• End-to-end accounting ownership for the credit portfolio, ensuring compliance with IFRS 9 standards regarding recognition, effective interest, and impairment. You will maintain robust accounting policies and clearly document technical positions.
• Leadership of the credit provisioning process, collaborating with credit risk on ECL methodology and assumptions, integrating model outputs into the general ledger, and preparing all necessary financial disclosures.
• Management of the warehouse facility finance function, including oversight of borrowing bases, drawdown requests, eligibility testing, covenant compliance, and lender reporting.
• Optimisation of the operational model, assessing current controls and reconciliations to identify potential friction points and implement scalable processes.
• Driving reporting efficiency in partnership with the data team to automate pipelines between lending systems and NetSuite.
• Collaborative cash management with the treasury function, ensuring accurate handling of collections, sweeps, collateral accounts, and inter-entity funding.
• Statutory reporting, including separate ledgers, intercompany and servicer arrangements, entity financial statements under the applicable GAAP, and a clean consolidation into group.
• Responsibility for FCA regulatory returns and capital adequacy assessments, providing proactive visibility into regulatory headroom and funding requirements.
• Technical accounting and the audit relationship, leading on the adoption of new accounting standards, and acting as the main point of contact for the auditors on credit.
• Strategic team development and financial analysis, building out the credit finance function as the portfolio grows.

Your experience:

• Specialist experience in SPV and structured finance accounting.
• Familiarity with funding mechanics, including borrowing bases, eligibility and concentration tests, advance rates, drawdowns and repayments.
• Lending experience, including interest recognition, fee amortisation, impairment and ECL, write-offs and recoveries.
• A good grounding in IFRS 9, ideally including involvement in a credit provisioning process.
• ACA, ACCA, ICAEW, CIMA or an equivalent accounting qualification.
• Experience in improving and building processes in a fast-moving environment.
• Direct experience with lenders and external auditors.
• Comfortable with data at volume, and reconciling across systems.
• Proactive and organised, keeping on top of deadlines.

Nice to have:

• Experience at a specialist lender, consumer credit business or credit-focused fintech.
• FCA regulatory reporting and capital adequacy experience for a regulated lending entity.
• Experience in standing up a warehouse facility or scaling from one facility to several.
• Multi-entity, multi-currency and multi-jurisdiction reporting experience.
• Familiarity with more than one framework: IFRS, FRS 102 or US GAAP.
• NetSuite experience.
• Familiarity with Snowflake, Tableau or Looker.

Why Join LemFi? Love shouldn’t be expensive, yet those working hardest for their families often face predatory fees and banking exclusion. We're changing this. At LemFi, you won’t be just a cog in a machine. Whether designing products, scaling operations, or telling our story, you’ll tackle complex challenges with real, immediate impact. Your work goes beyond metrics - it puts money back in families’ pockets and offers access to the previously excluded. Join us to make a meaningful difference, where high performance is a lifeline for millions.