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- Tasks: Lead credit strategy design and optimization for NewDay's consumer business.
- Company: Join NewDay, a leader in digital credit solutions with over 5 million UK customers.
- Benefits: Enjoy hybrid work, 26 days holiday, and perks like free breakfast and a strong pension plan.
- Why this job: Be part of a vibrant culture that values diversity and innovation while making a positive impact.
- Qualifications: University degree or equivalent experience in finance, with strong analytical skills and SQL proficiency.
- Other info: Opportunity to work on multiple initiatives and develop your career in a supportive environment.
The predicted salary is between 36000 - 60000 £ per year.
Lead Analyst, Near Prime Credit Strategy
Permanent Full Time role in Credit Risk.
Located in London – Hybrid.
Your new role at NewDay
Operating as part of a team of senior and junior credit analysts, this dynamic role looks to improve the credit quality of the NewDay cards portfolios, supporting the targeted, responsible growth of the Direct to Consumer business. The role leads on the design and optimisation of credit strategies, with a focus on positive customer outcomes, forecasting of credit performance, and operational oversight of the control environment for the wider New Customer Lending team.
About NewDay
We help people move forward with credit,
and help our colleagues to move their careers forward too.
We use our highly flexible, scalable, and multi-product digital credit engine to power over 120 million transactions every year. Our brands include Aqua, Marbles, Fluid and Bip. We partner with leading brands such as John Lewis, AO and Argos.
Over 5 million UK customers are supported by our award-winning customer service.
At NewDay, we value all types of diversity. We’re an equal opportunity employer and believe that our differences create a vibrant, authentic working culture. We want all our colleagues to feel able to bring their whole selves to work. We don’t discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation.
We’re focused on what will drive impact in helping people move forward with credit. Our distinctive culture is geared to spark innovation and team working – with lots of open doors for development. Our customers can rely on us because we aim high, support each other, do the right thing and build for the future.
We invest in our colleagues. On top of a strong market competitive salary, you get a bonus opportunity that matches the impact (delivery + values) you drive in your role. We also help you retire better with market leading pensions.
At NewDay, #yourwellbeing matters: You get 26 days holiday and can buy up to 5 more after probation. Then you’ll get extra days as you build your career with us.
NewWork, our flexible, hybrid working approach, helps you to manage your work/life balance – and even bolt on work time in other countries before or after your holiday. And when you’re in the office, you get free healthy breakfast, fresh juices, lunch, barista coffee etc.
Our tax efficient green car and cycle to work schemes save you money (and help the planet).
Key Responsibilities:
- A step change in our ability to effectively underwrite Direct marketing acquisition channels
- Monitor, develop and implement credit strategies to maintain risk performance within Budgeted levels
- Act as the team’s conduit into the world of change, ensuring our changes are delivered promptly and that impacts of upstream change are flagged early
- All credit forecasts for the Near Prime portfolio, acting as the face of the team with finance and enhancing the process to produce those forecasts
- Build and maintain relationships with key stakeholders
We need knowledge, experience + expertise in:
- You’ll have a university degree or equivalent experience with a highly numerate and analytical background
- Proficient use of SQL in analysis and strategy development
- Experience within a financial services organisation, with knowledge of consumer credit sector and products, and a core background in risk and / or analytics
- Creativity, energy and a drive to succeed
- Ability to drive multiple initiatives forward simultaneously, independently, on time and to the highest standard
And would love you to know or learn:
- Development of credit acquisitions strategies and implementing policies and controls to govern acquisitions strategies
- Credit modelling and forecasting techniques
- Proficiency in the use of Python
- Working understanding of decision systems e.g. Provenir
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Lead Analyst, Near Prime Credit Strategy employer: NewDay Ltd
Contact Detail:
NewDay Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead Analyst, Near Prime Credit Strategy
✨Tip Number 1
Familiarize yourself with the latest trends in credit risk management and consumer credit. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role and the industry.
✨Tip Number 2
Network with professionals in the financial services sector, especially those who work in credit strategy or analytics. Engaging with them can provide insights into the company culture at NewDay and may even lead to referrals.
✨Tip Number 3
Brush up on your SQL skills and consider working on a small project that showcases your ability to analyze data and develop strategies. Being able to discuss a practical example during your interview can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss how you would approach building relationships with key stakeholders. Think of examples from your past experiences where you successfully collaborated with others to achieve common goals.
We think you need these skills to ace Lead Analyst, Near Prime Credit Strategy
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Lead Analyst position. Understand the key responsibilities and required skills, especially focusing on credit strategies, risk performance, and stakeholder relationships.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in financial services, particularly in consumer credit and analytics. Mention specific projects or roles where you successfully implemented credit strategies or improved risk performance.
Showcase Analytical Skills: Demonstrate your analytical capabilities by providing examples of how you've used SQL or Python in previous roles. Highlight any relevant achievements that showcase your ability to drive initiatives forward and deliver results.
Tailor Your Application: Customize your application materials to reflect NewDay's values and culture. Mention your commitment to diversity and innovation, and how you align with their mission to help customers move forward with credit.
How to prepare for a job interview at NewDay Ltd
✨Showcase Your Analytical Skills
As a Lead Analyst, your analytical prowess is key. Be prepared to discuss specific examples of how you've used SQL and other analytical tools to drive credit strategies or improve risk performance in previous roles.
✨Demonstrate Your Understanding of Credit Risk
Make sure to highlight your knowledge of the consumer credit sector and your experience with risk management. Discuss any relevant projects where you successfully implemented credit policies or strategies.
✨Emphasize Team Collaboration
NewDay values teamwork, so be ready to share experiences where you've collaborated with others to achieve common goals. Highlight how you can act as a conduit for change within a team setting.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world scenarios. Think about how you would approach challenges related to credit forecasting or stakeholder management, and be ready to articulate your thought process.
