Commercial Director

About Lendable

Lendable is on a mission to make consumer finance amazing: faster, cheaper and friendlier. We're building one of the world's leading fintech companies and are off to a strong start:

• One of the UK's newest unicorns with a team of just over 400 people

• Among the fastest-growing tech companies in the UK

• Profitable since 2017

• Backed by top investors including Balderton Capital and Goldman Sachs

• Loved by customers with the best reviews in the market (4.9 across 10,000s of reviews on Trustpilot )

So far, we've rebuilt the Big Three consumer finance products from scratch: loans, credit cards and car finance. We get money into our customers' hands in minutes instead of days.

We're growing fast, and there's a lot more to do: we're going after the two biggest Western markets (UK and US) where trillions worth of financial products are held by big banks with dated systems and painful processes.

Join us if you want to

1. Take ownership across a broad remit. You are trusted to make decisions that drive a material impact on the direction and success of Lendable from day 1

2. Work in small teams of exceptional people, who are relentlessly resourceful to solve problems and find smarter solutions than the status quo

3. Build the best technology in-house, using new data sources, machine learning and AI to make machines do the heavy lifting

About the role

This is an exciting opportunity to play a pivotal role in optimising commercial decision-making while ensuring responsible conduct as we scale our UK Cards portfolio beyond 1 million customers and towards £1 billion in assets. You'll work closely with teams across Lendable; including growth, product, credit, and technology, to drive impactful changes and deliver results. As a key partner to the UK Cards Managing Director, you'll act as the deputy, contributing strategically to the portfolio's growth and success. This is also an FCA-certified role, offering a unique chance to make a significant impact in a fast-paced, high-growth environment while shaping the future of our UK Cards business.

What you'll be doing

• Further develop and maintain credit and enhanced economic modelling tools to enhance the decisions taken around product offers, pricing, credit limit assignment and margin setting.

• Drive growth in the portfolio through optimisation of customer product offerings to enhance Lendable's competitive position whilst maintaining performance within target return levels and risk appetite.

• Identify and evaluate opportunities to expand for example through new products, features or partnerships.

• Ownership and development of the UK Cards P&L forecasting approach.

• Identify and implement strategies to reduce the business cost base, providing Lendable a cost advantage over our peers in the market.

• As required, own third-party relationships, ensuring the relationship provides value to Lendable both in terms of costs and quality of service.

• Act as a deputy to the UK Cards Managing Director as required.

Your experience

• Experienced in retail banking and/or consumer finance with a minimum of 8 years of experience working on credit card portfolios ideally gained within the non-prime space.

• Experience working in a regulated environment. Ownership of budgets and P&L.

Life at Lendable:

• The opportunity to scale up one of the world's most successful fintech companies.

• Best-in-class compensation, including equity.

• You can work from home every Monday and Friday if you wish - on the other days we all come together IRL to be together, build and exchange ideas.

• Enjoy a fully stocked kitchen with everything you need to whip up breakfast, lunch, snacks, and drinks in the office every Tuesday-Thursday.

• We care for our Lendies' well-being both physically and mentally, so we offer coverage when it comes to private health insurance.

• We're an equal opportunity employer and are looking to make Lendable the most inclusive and open workspace in London.

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