Job Description

Details

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Reference number

405339

Salary

48,000
A Civil Service Pension with an employer contribution of 28.97%
GBP

Job grade

Senior Executive Officer

Contract type

Permanent

Type of role

Other

Working pattern

Full-time

Number of jobs available

3

Contents

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Location About the job Benefits Things you need to know Apply and further information

Location

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Remote working (anywhere in the UK)

About the job

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Job summary

Credit Specialist

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Innovate UK's product offer extends across business support, grant funding and innovation finance. The last of these is targeted at businesses undertaking innovation activity with a clear route to commercial success.

Please note this advert will close on the 22nd of May 2025 at 23.59pm.

Watch our video "Why Join Innovate UK?"

here

.

Title:

Credit Specialist

Band:

Innovate UK Band 3 (UKRI Ts & Cs)*

Salary:

From 48,000 gross per annum+

Reports to:

Head of Credit

Location:

Field based*

Contract:

Permanent

Due to the nature of the role, it is expected that the role-holder will spend a proportion of the week in the Swindon office. The role will also involve regular UK travel, particularly to London.

This position includes Performance Related Pay of up to 10% per annum*

Subject to Pay & Reward policy

+ Potential for a Specialist Allowance per annum is also available for this role (dependent on skills and experience).


Innovate UK recognises the importance of work-life balance and we will be happy to discuss any requests for flexible working arrangements.

Context:

Reporting to the Head of Credit, you will have responsibility for the end-to-end management of applications for loan finance, including:

Analysing the financial and non-financial credit case for investments in a wide range of innovative businesses, including assessing written applications and seeking additional information, as necessary, to build a robust assessment of credit worthiness; Recommending, with the input of independent expert assessments of innovation quality and deliverability, lending decisions to a credit committee made up from the Innovation Loans leadership team and external Non-Executive Directors; and Following the transaction through to completion, working with internal lending operations and portfolio management colleagues.

This position will require time spent in London and Swindon, and regular travel for client meetings as part of the credit process and for review.

Job description

Job Purpose:

You will determine the credit worthiness of applications by:

Gathering information about clients Maintaining an overview of the broader market for SME finance, and legal, compliance and regulatory issues Assessing, analysing and interpreting complex financial information Undertaking risk analysis by interpreting financial data and producing sensitivity analyses Working directly with clients Contributing to financial reporting on the quality and performance of the loan portfolio Making recommendations to credit committee and taking personal accountability for the judgements you present Making use of external sources of data, as necessary

While you will be expected to apply a commercial level of rigour to your analysis, a successful candidate will also demonstrate an understanding of how strong underwriting practice interacts with the wider policy objectives of addressing a proven gap in the market for funding innovative SMEs.

This is an outline description of the key responsibilities and accountabilities involved in the job. This is not an exhaustive list and the post-holder might be expected to undertake any other duties across the wider Innovation Lending Directorate, commensurate with the Band and level of responsibility of this post, for which the post holder has the necessary experience and/or training.

Person specification

Shortlisting criteria

(S) - Assessed at shortlisting


(I) - Assessed at interview


(S&I) - Assessed at both shortlisting and interview

Person Specification:

Experience & Qualifications:

Essential -

The candidate will have relevant experience in the field of SME credit operations in a fund, banking or alternative finance environment and/or a good degree or professional qualification in a relevant discipline. (S&I) Experience in recommending and/or sanctioning non-credit scored corporate/commercial SME lending either on the frontline or a back office credit role. (S&I) Proven financial analysis skills and/or experience in operating financial models to determine portfolio risk. (S&I) Experience of making written and oral presentations to internal and external stakeholders (S&I)

Desirable -

Politically aware and with proven interest in Innovation policy and practice demonstrated through your professional or personal experiences. (S) Experience in working directly with clients, managing expectations and providing constructive feedback on credit decisions (S)

Skills:

Self-motivated and proactive, ability to work within agreed parameters and deliver to tight timescales in a highly pressured environment Strong quantitative and qualitative analysis skills Proven team working and project management skills Self-organisation skills and a demonstrable ability to manage and prioritise a workload in order to meet tight deadlines Strong communication (both written and oral) skills and the ability to produce clear, concise and accurate presentations and written documents Strong attention to detail

Benefits

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Alongside your salary of 48,000, Innovate UK contributes 13,905 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.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

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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 .



See our vetting charter .
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) 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

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 the Civil Service People Plan and the Civil Service Diversity and Inclusion Strategy .

Apply and further information

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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

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Job contact :

Name : Recruitment Team Email : recruitment@ukri.org
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Recruitment team

* Email : recruitment@ukri.org