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Broker Account Manager - job 1 of 2

We’re looking for a Broker Account Manager.

As an Account Manager for our Broker Channels, you’ll be the first point of contact for our brokers and will provide exceptional customer service in managing loan applications for their clients.

About us

Fast, flexible finance empowers small businesses to manage their cash flow better and seize opportunities - making their business and the economy stronger as a whole. At iwoca, we do just that. We help businesses get the funds they need, when they need it, often within minutes. 

We’ve already made several billion in funding available to over 100,000 businesses since we launched in 2012, and positioned ourselves as a leading Fintech in Europe. Our mission is to finance one million businesses. We’ll get there by continuing to make our finance ever more relevant and accessible to more businesses by combining cutting-edge technology, data science and a 5-star customer service 

The role

We work with a host of commercial finance brokers and business advisors across the UK to offer finance to their clients, and this channel generates a substantial proportion of iwoca’s total revenues.

In addition to building relationships with our brokers, you will also work closely with other teams across the business to ensure a seamless application process. The key success factors in this role will be measured in the quality of relationships you build, your speed of service, and overall broker satisfaction. You will also have the opportunity to help shape and develop the future of this valuable channel.

Your mission

  • Manage the day-to-day working relationship with all brokers, including our ‘Gold’ brokers who introduce high volumes of business

  • Pre-screen applications, ensuring the broker provides all necessary business documentation and customer information for a credit review

  • Provide timely updates for ongoing cases, answering questions related to specific applications or product queries

  • Work closely with our Credit, Account Management and tech teams

  • Pro-active outreach and the ability to objection handle to improve conversion rates and broker satisfaction

  • Tackle additional tasks or analysis to assist the Broker Channel Managers and gain an understanding of other areas within the business

  • Help organise and attend broker entertainment / industry events

Requirements

We look for people who are smart, humble, motivated and who are always looking to improve.

Ideally, you’ll have:

  • Strong written and verbal communication skills

  • Excellent time-management and organisational skills

  • A strong customer service ethic

  • The ability to build and maintain long lasting business relationships

  • Some experience of working in a fast-paced, client facing role

  • Knowledge of the UK business finance market (including our competitors) is a plus

  • Experience working in a fast paced customer service role is desirable

  • This would be an excellent opportunity for recent graduates looking to gain experience in financial services.

Don’t take this list as prescriptive: it’s just to give you a sense of who might do well at the job. We’d still love to hear from you if you don’t hit every point on the list, or if you have other experience.

Work-life balance is incredibly important at iwoca and we offer flexible working so you can make better use of your free time. This is a hybrid role in which you can split your time between the office and home.

The salary

Our base salary range in Leeds is £27,000 - £32,000 + bonus (OTE 20%). Our base salary range in London is £30,000 - £35,000 + bonus (OTE 20%). We want to pay all of our employees fairly, so that’s why we regularly benchmark salaries based on market rates and to recognise your increasing value to our business.

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, 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 dependents.

  • 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 Glassdoor Company Review
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iwoca DE&I Review
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CEO of iwoca
iwoca CEO photo
Christoph Rieche
Approve of CEO

Average salary estimate

$29500 / YEARLY (est.)
min
max
$27000K
$32000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Broker Account Manager, iwoca

Are you ready to take your career to the next level? We’re on the lookout for a dynamic Broker Account Manager to join our amazing team at iwoca in Leeds! In this role, you'll be the first point of contact for our brokers, providing exceptional support while managing loan applications for their clients. At iwoca, we believe in the power of fast, flexible finance to help small businesses thrive, and our mission is to finance one million businesses by making their access to funds as smooth as possible. With advanced technology and a strong focus on customer service, we've become a leading Fintech in Europe since our launch in 2012. As our Broker Account Manager, you'll manage relationships with our brokers, assisting them in every aspect of the loan process. Your daily tasks will include pre-screening applications, updating brokers on the status of their cases, and collaborating with our Credit and Account Management teams to ensure a seamless experience for all. You will also have the chance to foster and develop exciting relationships while helping to shape the future of our broker channels. If you're smart, humble, and driven by a love for customer service, this is an opportunity to grow in the financial services industry while enjoying the benefits of a flexible work environment. Let’s build a better financial future together at iwoca!

Frequently Asked Questions (FAQs) for Broker Account Manager Role at iwoca
What are the main responsibilities of a Broker Account Manager at iwoca?

As a Broker Account Manager at iwoca, your primary responsibilities will include managing relationships with brokers, pre-screening loan applications, providing timely updates on ongoing cases, and collaborating with various teams within the company to facilitate a smooth application process. You'll also engage in outreach efforts to improve broker satisfaction and conversion rates.

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What qualifications do I need to become a Broker Account Manager with iwoca?

Ideal candidates for the Broker Account Manager position at iwoca should possess strong written and verbal communication skills, excellent time-management capabilities, and a customer service-oriented mindset. While experience in a fast-paced, client-facing role is preferred, we encourage recent graduates to apply even if they don't meet every requirement.

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What is the work culture like for a Broker Account Manager at iwoca?

At iwoca, the work culture for Broker Account Managers is rooted in learning, growth, and support. We prioritize a collaborative and inclusive environment where team members are encouraged to explore new areas of interest. With flexible working arrangements and a focus on work-life balance, our employees thrive both personally and professionally.

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What does the career progression look like for a Broker Account Manager at iwoca?

Career progression as a Broker Account Manager at iwoca can lead to various opportunities within the company. You'll develop valuable skills in relationship management and financial services, with the potential to move into higher roles within the brokerage channel or other departments, thanks to our emphasis on professional development and internal mobility.

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What kind of support does iwoca offer for Broker Account Managers?

iwoca offers comprehensive support for Broker Account Managers, including access to learning platforms, professional development budgets, and mentorship from experienced team members. Additionally, employees benefit from a flexible work environment, mental health resources, and generous leave policies to ensure their overall well-being.

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Common Interview Questions for Broker Account Manager
How do you prioritize tasks as a Broker Account Manager?

To effectively prioritize tasks as a Broker Account Manager, I assess the urgency and importance of each task, focusing first on those that directly impact broker relationships and current loan applications. I also utilize organizational tools to keep track of deadlines and ensure timely follow-ups.

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Can you describe a time when you helped improve broker satisfaction?

I once encountered a broker experiencing difficulties with our application process. By actively listening to their concerns and providing timely updates, I was able to resolve the issue quickly and implement changes based on their feedback, ultimately enhancing their satisfaction with our services.

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What strategies do you use to build relationships with brokers?

Building strong relationships with brokers requires consistent communication and trust. I focus on establishing open lines of communication through regular check-ins and providing personalized support. Attending industry events and networking also plays a vital role in fostering these connections.

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How do you handle objections from brokers regarding loan applications?

When handling objections from brokers, my approach is to remain calm and empathetic. I aim to understand their concerns fully and address them with factual information, offering alternative solutions or insights that may help push the application forward.

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What experience do you have with the UK business finance market?

In my previous roles, I gained significant exposure to the UK business finance market, allowing me to understand the competitive landscape. I keep myself updated on industry trends and emerging players, enabling me to advise brokers confidently and knowledgeably.

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How do you ensure high-quality service in a fast-paced environment?

High-quality service in a fast-paced environment is achieved through effective organization, prioritization, and continuous communication. I focus on being proactive and responsive to broker needs, ensuring that I allocate my attention to tasks that have the highest impact on service satisfaction.

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What motivates you in a Broker Account Manager role?

My motivation as a Broker Account Manager comes from the impact I can have on brokers and their clients. Helping businesses access the finance they need and contributing to their growth is incredibly rewarding, and I thrive in an environment where I can foster meaningful relationships.

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Can you discuss your experience with data analysis to improve broker services?

In my past roles, I utilized data analysis to identify trends in broker requests and feedback. By analyzing this data, I was able to pinpoint areas for improvement within our services and implement changes that led to increased efficiency and higher broker satisfaction.

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How do you stay motivated during challenging periods in your role?

During challenging periods, I maintain motivation by focusing on the bigger picture. I remind myself of the purpose behind our work and the positive outcomes we create for businesses. I also seek support from my team and engage in self-care to manage stress effectively.

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What skills do you believe are essential for a successful Broker Account Manager?

Essential skills for a successful Broker Account Manager include strong communication abilities, relationship-building expertise, effective time management, and a problem-solving mindset. The ability to remain calm under pressure and adapt to changing circumstances is also crucial in our fast-paced industry.

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iwoca allows small businesses to access the type of short-term funding previously only available to their larger peers. From taking advantage of new trade opportunities to bridging cashflow gaps, we believe flexible access to finance is crucial to...

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