Senior Invoice Finance Specialist – (Partner Credit Services – Funding Options)
United Kingdom, Remote
Department: Financial Services
Who are Tide:
At Tide, we’re on a mission to save businesses time and money. We’re the leading provider of UK SME business accounts and one of the fastest-growing FinTechs in the UK. Using the latest tech, we design solutions with SMEs in mind and our member-driven financial platform is transforming the business banking market. Not only do we offer our members business accounts and related banking services, but also a comprehensive set of highly connected admin tools for businesses.
Tide is about doing what you love. We’re looking for someone to join us on our exciting scale up journey and be a part of something special. We wantpassionate Tideans to drive innovation and help build a best-in-class platform to support our members. You will be comfortable in ambiguous situations and will be able to navigate the evolving FinTech environment. Imagine shaping how millions of Tide members discover and engage with business banking platforms and building this on a global scale.
We’re the UK’s leading provider of smart current accounts for sole traders and small companies. We’re also on a mission to save business owners time and money on their banking and finance admin so they can get back to doing what they love – for too long, these customers have been under-served by the big banks.
Funding Options joined the Tide family in early 2023 to lead their Partner Credit Services offering. Through their panel of 120 leading lender partners, Funding Options supports UK SMEs to get the right finance in place so they can trade, plan and grow with confidence. Through their multi award-winning platform, Funding Cloud, they can effectively match customers to the right lender and finance product that best suits their needs in minutes with funding decisions in as little as 20 seconds, giving every customer a 5 Star experience whether successful or not, through our sheer professionalism and outstanding standard of customer service.
Our offices are in London -UK, Sofia – Bulgaria, Belgrade – Serbia and Hyderabad -India, where our teams are dedicated to our small business members; revolutionising business banking for SMEs.
We’re scaling at speed with a focus on hiring talented individuals with a growth mindset and ownership mentality, who are able to juggle multiple and sometimes changing priorities. Our values show our commitment to working as one team, working collaboratively to take action and deliver results. Member first, we are passionate about our members and put them first. We are data-driven, we make decisions, creating insight using data.
We’re also one of LinkedIn’s top 10 hottest UK companies to work for.
What we’re looking for:
An experienced Invoice Finance Specialist to join our Asset Backed Lending team (ABL). You will contribute to developing and managing the ABL activity, achieving targets and building the IF business. You will originate, structure and execute receivables-led transactions.
As a Senior Business Finance Specialist you'll be:
You will be primarily responsible for customer lead flow for receivables based finance, working with the marketing team to improve and enhance customer acquisition for the IF product class.
You will also be required to actively develop and manage relationships with a variety of stakeholders internally and externally – through KPIs and targets. Originate business in the Invoice Finance market, including participation in customer and lender meetings, preparation of proposals and attendance at market events and conferences.
To propose, negotiate and execute invoice finance facilities in the SME market, to support a variety of proposals from working capital requirements to facilitating growth and unlocking cash flow tied up in invoices. You will be required to analyse customers' business and financial performance, ensuring you remain customer focused. You will lead and support invoice finance enquiries, managing the whole application cycle from first call through to completion. This will involve you identifying the customer requirement, placing opportunities with the correct lenders and keeping both the customer and the lender informed at all times.
To effectively assess, prepare and present cases for credit submission, including financial analysis and clearly articulating deal dynamics and key risks/mitigates of each transaction. Operating at all times within the defined risk boundaries from both deal and compliance perspective, displaying a proactive attitude to managing risk.
What makes you a great fit:
- You’ll have a strong working knowledge of Invoice Finance products/services and offerings
- You have a track record of successfully helping customers find the right funding
- You’re comfortable working in a fast-moving company where priorities can change and processes may need to be created from scratch
- You’ll have a strong network of relationships in the broker and intermediary markets, accountants, debt advisory, corporate finance, private equity, restructuring and accountancy firms at senior level
- You have very strong financial analysis skills
- You’re a self-starter who doesn’t wait for instruction, and who works backwards from targets to ensure effective execution.
What you’ll get in return:
Make work, work for you! We are embracing new ways of working and support flexible working arrangements. With our Working Out of Office (WOO) policy our colleagues can work remotely from home or anywhere in their home country. Additionally, you can work from a different country for up to 90 days a year. Plus, you’ll get:
- Competitive salary
- Vitality Health Insurance, with a proactive focus on mental and physical wellbeing
- 24/7 Employee Assistance Programme
- 25 days holiday with the ability to buy extra days
- We invest in your development with a £1,000 professional L&D budget per year
- Access to ‘salary sacrifice’ benefits such as Cycle to Work scheme and pension contribution
- Spacious brand new office in Liverpool street with an all-day snacks bar
- Enhanced family-friendly leave
- 24 hours paid volunteering time off per year
- Flexible working options
- Sabbatical leave
Tidean Ways of Working
At Tide, we’re Member First and Data Driven, but above all, we’re One Team. Our Working Out of Office (WOO) policy allows you to work from anywhere in the world for up to 90 days a year. We are remote first, but when you do want to meet new people, collaborate with your team or simply hang out with your colleagues, our offices are always available and equipped to the highest standard. We offer flexible working hours and trust our employees to do their work well, at times that suit them and their team.
Tide is a place for everyone
At Tide, we believe that we can only succeed if we let our differences enrich our culture. Our Tideans come from a variety of backgrounds and experience levels. We consider everyone irrespective of their ethnicity, religion, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity status or disability status. We believe it’s what makes us awesome at solving problems! We are One Team and foster a transparent and inclusive environment, where everyone’s voice is heard.