Imagine a world where every small business has the power to thrive. That's the world we're building at iwoca. Small businesses aren't just statistics – they're the heartbeat of our communities, the character of our high streets, and the engine of our economy. Since 2012, we've revolutionised how these businesses access finance, turning what was once a lengthy, frustrating process into something remarkable: funding that's fast, flexible, and actually works for modern businesses.
Our impact speaks for itself: we've provided billions in funding to more than 150,000 businesses across Europe, making us one of the continent's leading fintech innovators. But we're just getting started. Our mission? To empower one million businesses with the financial tools they deserve.
We combine cutting-edge technology and data science with genuine human understanding to make finance feel less like a barrier and more like a superpower. Whether it's managing cash flow or seizing unexpected opportunities, we ensure businesses get the funds they need – often within minutes.
Outline Of Role & Responsibilities
The Transaction Management (TM) team is responsible for the ongoing operational aspects of our predominantly asset-backed financing facilities.
As a TM team member, your key responsibilities include:
- Preparation of monthly investor reports to be distributed to our investors and other deal participants;
- Periodic monitoring of Portfolio Limits, Performance Triggers and Borrowing Base calculations;
- Instructing cash payments on each Interest Payment Date to investors, agents and other third parties;
- Work closely with our Treasury team to ensure liquidity is managed efficiently. This includes monitoring cash levels, calculating and instructing sweeps, and executing drawdowns on our facilities;
- Work closely with the Capital Markets team on the implementation of new transactions and amendments to existing facilities;
- Learn to manage a full transaction lifecycle from initial set-up, managing ongoing cash flow requirements, monitoring portfolio composition and performance triggers and reconciliation with our loan reporting system.
The ideal candidate is someone that:
- Ensures the timely and accurate distribution of reports, both internally and externally to investors and regulators;
- Has strong attention to detail and the ability to manage deadlines;
- Supports other team members - it’s all about the team at iwoca;
- Anticipates reporting issues and prevents them at the structuring stage;
- Brings a growth mindset and hands-on approach to problem solving.
Skills & Experience Required
- 2 - 3 years experience in a cash management / reconciliation / financial reporting role at a leading financial institution or fintech;
- Experience working with securitisation, structured finance or similar products is desirable, with a general understanding of borrowing base mechanics, waterfall calculations and portfolio diversification;
- Strong excel skills. Looker knowledge is a big bonus;
- Education: 2:1 or better from a top University.
The salary
We expect to pay from £45,000 - £55,000 for this role. But, we’re open-minded, so definitely include your salary goals with your application. We routinely benchmark salaries against market rates and run quarterly performance and salary reviews.
The culture
At iwoca, we look to hire smart, passionate, humble individuals with a growth mindset. We prioritise a culture of learning, growth, and support, and invest in the professional development of our team members.
We value thought and skill diversity and encourage you to explore new areas of interest to help us innovate and improve our products and services.
Our friendly and inclusive environment, combined with our flexible work policies, ensures that you'll have the perfect balance between work and life, empowering you to thrive both personally and professionally.
The offices
We put a lot of effort into making iwoca a brilliant place to work:
- Offices in London, Leeds, Berlin and Frankfurt with plenty of drinks and snacks
- Events and clubs, like bingo, comedy nights, yoga classes, football, etc.
The Benefits
- Medical insurance from Vitality, including discounted gym membership
- A private GP service (separate from Vitality) for you, your partner, and your dependants.
- 25 days’ holiday, an extra day off for your birthday, the option to buy or sell an additional five days of annual leave, and unlimited unpaid leave
- A one-month, fully paid sabbatical after four years.
- Instant access to emotional and mental health support.
- 3% Pension contributions and share options.
- Generous parental leave and a nursery tax benefit scheme to help you save money.
- Cycle-to-work scheme and electric car scheme.
- Two company retreats a year, we’ve been to France, Italy, Spain, and further afield.
And to make sure we all keep learning, we offer:
- A learning and development budget for everyone.
- Company-wide talks with internal and external speakers.
- Access to learning platforms like Treehouse.
Useful links:
- iwoca benefits & policies
- Interview welcome pack
Compensation Range: £45K - £55K
