Credit Decisions Analyst

As a Credit Decisions Analyst at YouLend, your key responsibilities include assessing credit applications and determining appropriate terms, conducting KYC checks, and reviewing credit reports. You will analyze merchants' ability to repay loans, verify identities, and flag high-risk applications. Your role will involve using data analysis skills to price deals effectively, ensuring that YouLend can provide flexible financing options while maintaining a strong risk management framework.

The Credit Decisions Analyst role at YouLend requires candidates to have 1-2 years of experience in a similar position. Candidates should possess strong analytical skills and attention to detail, as well as proficiency in data analysis software like Excel. Experience in credit assessments and risk management will be advantageous, allowing you to effectively analyze data and make informed decisions in the lending process.

At YouLend, we prioritize employee well-being through a comprehensive benefits package for our Credit Decisions Analysts, including private medical insurance via Vitality, an Employee Assistance Program, and subsidized lunches. Our modern office in Central London features a free gym, monthly massages, and opportunities for social outings, enhancing work-life balance and creating a supportive, collaborative environment.

Success as a Credit Decisions Analyst at YouLend requires excellent attention to detail, strong numerical skills, and the ability to analyze and present data effectively. Being organized, reliable, and able to work under pressure are crucial qualities. Additionally, a passion for customer service and the ability to work collaboratively within a diverse team will help you thrive in this dynamic role.

The salary range for a Credit Decisions Analyst at YouLend is competitive, offering between £31,000 and £35,000 per year, along with the possibility of up to a 5% quarterly bonus. YouLend also provides a robust benefits package, including stock options and private medical insurance, making it an attractive option for candidates in the fintech industry.

When assessing creditworthiness, I typically analyze the merchant's financial history, current revenue data, and payment patterns. I focus on key metrics like cash flow and prior credit performance, ensuring I have a comprehensive view before making a decision. Using analytical software effectively supports my insights into their repayment capacity.

In instances of high-risk applications, I prioritize conducting thorough KYC checks and reviewing historical data to understand potential red flags. It’s crucial to communicate with the team to determine the most appropriate next steps and whether additional documentation is needed for better risk assessment.

I have experience using tools such as Excel and specialized data analysis software for compiling, analyzing, and presenting data. My proficiency in Excel allows me to create pivot tables and complex models to support my decision-making when evaluating credit applications.

In a previous role, I noticed inefficiencies in our credit reporting process. I proposed a new automated solution that reduced processing time, improved accuracy, and enhanced our overall response rate. This initiative resulted in a significant decrease in errors and faster turnaround for credit applications.

I use a combination of digital tools and a structured workflow to keep track of multiple applications. Setting deadlines and prioritizing tasks based on urgency helps me maintain focus. Additionally, I regularly review my workload to adapt to any changes or new priorities efficiently.

I once faced a situation where conflicting data from an application raised alarms. I resolved it by revisiting all the available sources, cross-referencing information, and reaching out to the merchant for clarification. This proactive approach not only resolved the conflict but also improved our risk management strategy moving forward.

The most important factor in pricing a deal is accurately assessing the merchant's ability to repay. This includes analyzing their financial health and market conditions to set terms that are both competitive for them and profitable for YouLend. Understanding risk is key to maintaining both edges.

Upon identifying discrepancies in a credit report, my first step would be to investigate the source of the inconsistency. I would then document my findings and discuss them with the team to determine the best approach for resolution, whether it involves reaching back out to the merchant or consulting other data sources.

I am motivated by the opportunity to support businesses in securing the funding they need. The analytical aspect of the role is gratifying, as it blends problem solving with impactful decision-making. Being part of a team that facilitates growth for merchants and SMEs drives my passion for this position.

In my previous roles, I have actively participated in KYC procedures, which involved verifying information provided by applicants against official documents and databases. This process helped mitigate risk and ensured compliance. I understand the importance of diligence in KYC to safeguard the lending process effectively.