Senior Credit Analyst

Job summary

Job Purpose:

You will operate within a team of Analysts, providing support to a Credit Specialist in the assessment of new transactions. Subject to experience and demonstrated capability, you may be assigned an individual caseload to facilitate your professional development.

We particularly welcome female applicants as women are under-represented within Innovate UK in this type of role.

Job description

Key Responsibilities and Accountabilities:

Origination – working with a lead Credit Specialist:

• Analysing the financial and non-financial strength of applicant businesses from information provided and verifying this against external sources where applicable, including sensitivity analyses, cashflow analysis and balance sheet tests (S&I)
• Engaging with applicants to source additional information to underpin your credit analysis (S&I)
• Supporting the Credit Specialists by producing sensitivity analysis, at the level of the transaction (S)
• Based on your analysis, presenting recommendations to the IUKL Credit Committee alongside the lead Credit Specialist on the outcome of the application, deal structure and conditionality (S&I)
• Oversee credit governance by ensuring accurate minute-taking, maintaining audit-ready customer and applicant files, and upholding the integrity of all credit documentation (S)
• Working alongside the Lending Operations team to move approved transactions through to execution, including quality assurance of legal documentation, satisfaction of conditions and perfection of security documentation (S)

Broader Activities:

• Working with the portfolio team and Relationship Manager to build an effective working relationship with portfolio companies. Regularly undertaking annual reviews, review credit risk exposures, monitor covenants, identify early signs of distress and/or make recommendations on interventions to address any issues. (S&I)
• Pursuing your continuous professional development to the benefit of the loans team and your future opportunities
• Participating in discrete projects in areas beyond your role to the benefit of IUKL and IUK as a whole

Person specification

Experience & Qualifications:

Essential –

• Qualified to degree level or equivalent relevant experience in working with and understanding businesses
• Financial qualification desirable, though not essential where suitable experience is evidenced
• The candidate may have relevant experience in the field of banking or alternative finance environment and/or a good degree or professional qualification in a relevant discipline.
• Sourcing, reviewing and analysing financial information, in particular in the form of audited financial accounts and management accounts and extracting key strengths and weaknesses from them
• Ability to collect, collate and present data with impact, including both written and verbal reports
• Building relationships and managing expectations both with our customers and colleagues across the business
• An understanding of how businesses work, key financial indicators and assessment of these, preferably within a credit context
• Process management and development, for example in cash management, forecasting and covenant review

Benefits

Alongside your salary of £46,743, Innovate UK contributes £13,541 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides (opens in a new window).

• Learning and development tailored to your role
• An environment with flexible working options
• A culture encouraging inclusion and diversity
• A Civil Service pension with an employer contribution of 28.97%

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.

Selection process details

1st Interview incl presentation.

Interviews will either take place remotely via Teams or in person face to face.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check.Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).

See our vetting charter (opens in a new window).People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Medical

Successful candidates will be expected to have a medical.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

Please note this Post is NOT regulated by the Civil Service Commission.The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see theCivil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

• Name : Recruitment@ukri.org
• Email : Recruitment@ukri.org

Recruitment team

• Email : Recruitment@ukri.org