MarketFinance is Hiring an Credit Risk Account Manager
Job Description
MarketFinance, one of the UK’s leading Fintechs, is looking for a Credit Risk Account Manager to help shape the risk management capability of its invoice finance portfolios and play a key part in making business finance quick and easy for customers.
Who You’ll Be Working With
You’ll report to Princess. She’s a fashion and food loving Senior Risk Analyst who has eaten at most places around the office! The multi-faceted and highly skilled Risk team you’ll be joining is helping to create new products, meet the needs of our customers and develop world-leading risk-based pricing models.
At MarketFinance, the opportunity for growth is as big as your ambition. Whether that’s progressing to a leadership role in your team or exploring an entirely new career path within the business. Maybe this job is part of your journey to starting your own business one day. We have big dreams and we expect you to have the same.
About Us
At MarketFinance, our vision is for entrepreneurs to have the time to build the world we all want to live in.
We think entrepreneurs should be able to get on with growing their business, instead of having to worry about cash flow. That’s why we’re making it quick and easy to get funding through our invoice finance and business loans. We’re here to unlock the endless possibilities that arise when entrepreneurs have time to focus on what they love.
With our smart online platform, we were a Fintech before that was even a thing. But it’s not just about the tech. One of our biggest assets is our team of bright, talented and motivated people from all over the world. It’s one of the things our customers value most about us and one of the best things about working here.
We get stuff done quickly at MarketFinance, with less talk and more action. It’s about thinking differently and not being afraid to do things that have never been done before.
Culture is a big deal for us. There’s always something happening, from fiercely competitive quiz nights to our Friday Town Hall meetings that roll into socialising on the roof terrace. We work, celebrate, share ideas, eat (lots of biscuits) and are always learning together as a team.
About You
As a Credit Risk Account Manager, you’ll take ownership of the management, monitoring and control of a portfolio of customers using our selective and whole-ledger invoice finance solutions.
We can’t wait for you to bring your knowledge of key SME collateral and risk drivers to the team. You may not have hands-on experience in IF but you’ll definitely have a strong understanding of IF risk in an underwriting, audit, survey and customer management capacity.
We’ll trust you to run regular collateral assessments and reviews on customer facilities within agreed service levels. We’ll also rely on your sound judgement and strong commercial awareness across sectors to guide your approval of facility amendment requests under personal delegated mandates or via higher approval authority. You’ll have the opportunity go out and meet larger customers to better understand their business or help resolve risk-related issues.
Using your excellent analytical and negotiation skills, you’ll structure IF facility proposals for our customers based on the quality of their book debt collateral and financial strength. Your day-to-day responsibilities will also include approving specific invoices, debtors and/or supporting contracts/audit train documentation prior to launching trades on our smart online platform.
Our default rate is consistently lower than the industry standard and your work here will be an essential part of our ability to maintain that. You’ll be a first line of defense, monitoring covenant compliance and ledger performance to ensure risk stays within agreed lending parameters. You’ll also identify, monitor and manage the strategy for all “watchlist” accounts.
We know you’re independent but you’re also a great collaborator which is why you’ll work closely with the Audit and Survey team to ensure field examinations are conducted in good time and focus on the most relevant areas of the business. You’ll also support our Collections and Recovery team on impaired case management and be the first port of call for Account Management and Customer Success for risk-related queries.
You’ll retrospectively review delinquent accounts to establish key learnings and identify changes in our risk approach. We’ll look to you for recommendations on the ongoing development of systems, processes and business practices to provide improvements in efficiency and capacity. You’ll have the opportunity to shape and develop our credit processes to deliver fast, efficient and robust decisions within agreed risk appetite parameters.
Using your strong people management and communication skills, you’ll provide coaching, development and guidance on our risk parameters to colleagues as well as key business introducers/financial partners. There is also great scope for you to be actively involved in wider projects such as product development initiatives.
Requirements
Must have a minimum of 2 years financial / credit risk management experience, (prior invoice finance experience is an advantage but not essential).
Have a strong understanding of credit/ financial risk in an underwriting, audit & survey, debt facility structuring, and IF client management capacity
Strong financial analytical skills and understanding of the key collateral and risk drivers specific to SME’s
Strong communication & negotiation skills.
Strong people management skills.
You’re independent, well organized and with a “make things happen” attitude.
You work hard and are passionate about achieving great results.
You pitch-in and aren’t afraid to get your hands dirty.
You’re excited by the challenge of revolutionising business finance.
At MarketFinance, the opportunity for growth is as big as your ambition. Things move quickly in Fintech and that’s all part of the adventure. Our benefits include:
Competitive salary and best-in-class share options scheme
25 days annual leave, plus your birthday off
Mentoring from industry leaders and the opportunity to make an impact at one of Europe’s foremost Fintechs
Private health coverage and half-price Virgin Active gym membership
Enhanced maternity leave, Amazon Kindle and unlimited e-books
Excellent company culture and a great office in the heart of Shoreditch, plus a great cycle to work scheme
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