Data Scientist - iwocaPay
Hybrid in London or Leeds, UK
We’re looking for a Data Scientist to join our iwocaPay team
iwocaPay works with sellers to offer innovative Trade Credit and Buy-Now-Pay-Later (BNPL) solutions for business customers. Those sellers are essential to our success, as we need them to offer iwocaPay to their customers, who in turn use us to spread the cost of their purchase, for improving cash flow and operational flexibility.
The company
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 more than 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 function
iwoca's Data Scientists specialise in Supervised Machine Learning, Statistical Inference and Exploratory Statistics, focusing on tabular and time series data. Our work emphasises quantitative predictions through the analysis of conditional probabilities and expectations, using medium-sized datasets.
The team
At iwoca, we’re proud to nurture an entrepreneurial spirit within our teams. This is especially true of iwocaPay, a fast-growing start-up within the business, now with a dedicated team of more than 30 people. With iwocaPay, we’ve created a trade credit solution that has already provided thousands of buyers across the UK with the flexibility to manage cash flow while growing their purchasing power. Our team continues to innovate and expand, driving iwocaPay’s mission to make credit available where it's needed most.
The role
As a Data Scientist within our iwocaPay team, you’ll develop insights for our credit assessment model. Your role will involve evaluating the model, identifying key areas for improvement, and using untapped features to enhance accuracy and reduce friction for customers.
You’ll work collaboratively with Data Scientists across iwoca, sharing expertise with a peer group to deepen your knowledge and apply it to iwocaPay. Additionally, you’ll design and analyse tests and build statistical models to help us reach a broader range of customers.
The Projects
In this role, you'll tackle a few high-impact projects within your first 90 days, designed to drive the evolution of iwocaPay’s risk model and enhance our data capabilities:
The requirements
Essential:
Bonus:
The salary
We expect to pay from £70,000 - £100,000 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 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.
The offices
We put a lot of effort into making iwoca a brilliant place to work:
The benefits
And to make sure we all keep learning, we offer:
Compensation Range: £70K - £100K