Transaction Management Analyst

Descrizione

About iwoca

We started in 2012, 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’.

We knew that bakeries, building firms, salons, and solicitors deserved 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 50,000 small businesses across the UK and Germany
• redesigned the whole business loan process from start to finish – our record is three minutes, 26 seconds.

It’s a good start, but it’s just the beginning. Our mission is help one million businesses who need us, so we still have a long way to go.

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

• Technology is the way to change this space

From automated decisions to API integrations, tech has the potential to create the changes small businesses have been waiting for – so we can’t stop innovating.

• Embedded finance is the future

More and more, we’re reaching customers by embedding our loans within the apps and systems they use everyday. Our partners are people like neobanks, online marketplaces and accountancy software companies.

• Payments and credit are converging

Lots of small businesses struggle with cash flow; often getting invoices paid from their customers months after paying their own bills. Loans can help them pay these bills, but we also want to tackle the problem at its root by improving payment terms.

• New products are always possible

We’re working to create new loans of all shapes and sizes, and we’ve recently launched iwocaPay to help with these cash flow conundrums.

We work hard to make iwoca a place where everyone feels welcome - we want everyone to confidently be themselves. For us, diversity isn't an optional add-on. It's the thing that makes us great.

The role

We are currently hiring for a Transaction Management (Senior) Analyst to join our wider Capital Markets Team based in London.

Outline of Role & Responsibilities:

• The TM team is responsible for ongoing operational aspects of our predominantly asset-backed financing facilities. Main tasks include periodical portfolio monitoring, cash flow monitoring and waterfall reporting;
• The preparation of reports for investors and regulators is at the core of what we do, and we are continuously looking for ways to make these processes more efficient;
• Each new transaction will have an appointed manager that will lead the day to day operations as well as ongoing monitoring requirements; this will also involve direct interaction with our institutional investors;
• You will be reviewing credit agreements and loan documentation to understand the requirements for deal-specific reporting and monitoring requirements, this way you will be exposed to the full transaction lifecycle;
• Co-ordinating of settlements with investors and agents, validating sign offs and approvals for cash transfers will give you a direct link to the ongoing operations of the broader business;
• The successful applicant will work closely with support functions (structuring, legal, treasury, fintech) while taking responsibility for providing full operational support to the broader capital markets team;
• Ongoing responsibilities will include:
  • Assisting in the implementation of transactions from a reporting and operational perspective;
  • Ensuring the timely and accurate completion of reports, both internally as well as directly to investors and (where applicable) regulators;
  • Proactively look for ways to improve processes/systems and close control gaps
  • Supporting other team members - it’s all about the team at iwoca;
  • Anticipating reporting issues and prevent them at the structuring stage

Requirements

Skills & Experience Required

• Work experience: Demonstrated experience in a cash management / reconciliation / financial reporting role - this could have been obtained at a middle office function of a loan/trading desk, or as part of any other financial institution/fintech;
• Educational background: This role requires strong numerical ability, hence the ideal candidate would have a 2:1 or better from a top university in finance, economics or equivalent and have a keen interest in financials markets;
• Technical skills: Advanced knowledge of Excel required; working knowledge of VBA for automation purposes is a huge plus; You should be confident in and enjoy working with data on a daily basis whilst having good experience in processing, manipulating and presenting data
• Other professional skills: Strong attention to detail and the ability to keep track of workload and deadlines. We’re always innovating and fast moving, so the ability to learn quickly and embrace change will be part of the recipe for success;
• Drive & motivation: You bring a growth mindset and hands on approach to problem solving. You thrive when given the opportunity to explore projects outside of your comfort zone;
• Interpersonal skills: At iwoca, we follow a team oriented approach - helping out other team members and the ability to work across teams and functions as well as excellent communication skills are indispensable;
• Industry knowledge: The right candidate has a keen interest in financial data and some knowledge of SME lending and loan products in general, asset-backed financing and overall financial markets;
• Language skills: Fluent English language skills are required

Benefits

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.