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18 Nov 2021

Full-Time Credit Analyst (German-speaking)

talent@iwoca – Posted by talent@iwoca London, England, United Kingdom

Job Description

About iwoca

We started in 2011, when we noticed a problem: on average, it was taking eight weeks (and a lot of paperwork) for small businesses to apply for a loan. Worse still, more often than not, that process was ending in a ‘no’.

That small bakery around the corner, your hairdresser, your faithful delivery driver and trusted handyman have one thing in common: they all deserve better. They deserve to be able to grow – hire more hands, invest in stock, market themselves – without all the hold music and absurdly rigid criteria.

We’ve now been around for a decade, and in that time, we’ve:

  • grown to a team of 290 iwocans.
  • worked with over 65,000 small businesses across the UK and Germany.
  • redesigned the whole business loan process from start to finish – our record is two minutes, 57 seconds.

Our German business was launched in 2015 and we have provided thousands of SMEs with much needed capital. In fact, we have issued more loans than all other alternative lenders combined – and we’re just getting started!

Our mission has not changed: help one million businesses who need us.

Here’s what we’ve learned about lending along the way:

  • Technology is the way to change this space
  • Embedded finance is the future
  • Payments and credit are converging
  • New products are always possible

From automated decisions to API integrations, tech has the potential to create the changes small businesses have been waiting for. For example, we’re embedding our products within apps and systems our customers use everyday, making it ever more convenient to access capital – think neobanks, online marketplaces or accountancy software.

Most importantly however, we don’t stand still. We are constantly working to create new loans of all shapes and sizes to serve ever more business needs. For example, we recently launched iwocaPay, our very own invoice checkout solution for small businesses.

And there is plenty more in the making! That is we are looking for a Credit Analyst who can help us make better lending decisions, support our growth plans and help even more small businesses.

The role:

As mentioned above, our Credit Analysts are responsible for each lending decision made. Their main goals are throughput, processing all applications in a timely manner, and discrimination, accurately assessing the credit risk for each application.

You will:

  • Analysing credit data, financial statements and other data sources to determine the level of risk involved in lending.
  • Conducting thorough due diligence to ensure affordability of credit in line with internal policy.
  • Understanding and accurately capturing the specific revenue and risk drivers for SMEs.
  • Adapting your underwriting to match a variety of different businesses, from local bakeries to highly specialised manufacturers.
  • Being responsible for making lending decisions independently.
  • Being actively involved in improving the decision making framework, through developments to our systems and processes.
  • Working closely with the Tech and Analytics team to improve systems and our scorecard to enable us to make better, faster and fairer decisions.
  • Communicating effectively with our Account Management team to ensure customer needs are met at all times.


We look for people that are smart, humble, motivated and who are always looking to improve. Ideally, you’ll have:

  • 1+ years of experience in commercial loan underwriting, preferably within the SME sector or alternative lending. Other relevant experience (in finance, audit or consulting for example) will also be taken into account
  • Fluent German speaker with a high level of written and spoken English – note that we require fully fluent German level (i.e. you’ve grown up speaking German or have learnt it to CEFR C2 level or similar).
  • Good business acumen and a working understanding of what makes a 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.
  • To be confident, focused and enthusiastic. You have to be comfortable working independently and making your own credit decisions 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.


What’s life like as an iwocan?

We all enjoy:

  • Bright, modern office spaces in Fitzrovia & Leeds. We have always supported flexible working however during the current pandemic the majority of iwocans are working from home. We have taken every precaution to keep our offices COVID-19 secure for those that need to use them.
  • A calendar of ‘remote friendly’ events each week including Bingo, Comedy Nights, Escape Room challenges….
  • Two company retreats a year (in places like the French Alps or Spanish seaside)
  • Pool, ping pong, foosball tables and tournaments
  • Virtual Yoga classes every Tuesday and Thursday morning
  • An ever-growing number of clubs including climbing, chess, football and boxing
  • Plenty of drinks and snacks in our office kitchen

Just for you:

  • Medical insurance from Vitality, including discounted gym membership
  • We take your well being incredibly seriously, so you’ll have instant access to emotional and mental health support services via our partner Spill
  • Share options
  • Enhanced maternity and shared parental leave
  • A workplace nursery tax benefit scheme. Save £££ on your nursery costs
  • 25 days holiday per year and an extra day off on your birthday
  • All the equipment you need to set up your home working space up
  • Paid volunteering time for you to support your chosen charity
  • Extra leave if you want to travel or study
  • Special celebrations for anniversaries and long service including sabbatical
  • Flexible working arrangements
  • Cycle-to-work scheme

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

  • L&D budget including a book budget to encourage you to keep learning
  • Company-wide talks with internal and external speakers
  • A calendar of meetups we host at our office
  • Access to learning platforms like Treehouse if you want to learn to code.
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How to Apply

Please apply via: https://apply.workable.com/iwoca/j/05094D6739/

Job Categories: Equal Opportunities. Job Types: Full-Time. Job Tags: analyst, credit, Fintech, and startup. Salaries: 20,000 - 40,000.

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