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About the Role

We are building our second charge mortgage product from the ground up and are looking for a Credit & Commercial Manager to own the credit strategy for this product. This is a foundational hire where you will shape risk assessment, loan pricing, and credit policy, collaborating with a senior cross-functional team. This role is ideal for individuals with extensive secured lending experience who wish to build a new product rather than maintain an existing one.

Responsibilities

Define credit policy and underwriting strategy for second charge mortgages, including affordability, eligibility, and decisioning frameworks.
Own risk scoring and pricing, developing and refining scorecards, risk segmentation, and pricing models.
Drive growth by balancing risk through credit policy and collaborating with the commercial team to hit volume targets while maintaining portfolio quality.
Own IRR/NPV/cashflow models to understand asset economics and drive necessary changes.
Design automated decisioning logic by translating credit policy into executable rules and decision trees for platform integration.
Help shape funding strategy by collaborating with Capital Markets to inform investor parameters and translate them into practical credit policy.
Inform the property valuation and security process, ensuring credit policy accounts for valuation methodology, panel management, and charge registration.
Monitor portfolio performance by tracking early indicators, refining strategy based on outcomes, and reporting to senior stakeholders.
Collaborate cross-functionally with product, engineering, legal, and compliance to embed credit decisioning and ensure regulatory alignment.
Be hands-on across the full credit lifecycle in a small team environment.

Requirements

Deep experience in secured lending credit risk, specifically with second charge mortgages or similar secured products.
Strong knowledge of risk scoring and pricing, including building or contributing to scorecards, pricing frameworks, or credit policy.
Understanding of funding and capital constraints, including how LTV covenants, property valuations, and investor criteria impact lending decisions.
Commercial awareness and a growth mindset, understanding that credit policy enables lending.
Familiarity with the end-to-end secured lending process, including valuation, legal, and land registry interactions.
Analytical rigour with comfort using data; SQL is required, Python is a plus.
Regulatory awareness, including working knowledge of MCOB and FCA requirements for second charge lending.
Experience designing for scale and automation, structuring underwriting policy as programmatic decision logic, scorecards, and rules.

Skills

Secured lending credit risk
Second charge mortgages
Risk scoring
Pricing frameworks
Credit policy
SQL
MCOB
FCA requirements
Automation

Location

Remote
Hybrid

Work Type

Full-time
Hybrid
Remote

Experience Level

Foundational hire
Deep experience

Benefits

Private health cover
Retirement savings plans
Employee referral programme
Complimentary lunches
Cycle-to-work schemes
Electric vehicle salary sacrifice schemes

About the Company

Lendable is building the world's best technology to help people get credit and save money, aiming to be one of the world's leading fintech companies.
We are one of the UK's fastest-growing tech companies, profitable since 2017, and backed by top investors.
We have rebuilt core consumer finance products like loans, credit cards, and car finance, enabling customers to get funds in minutes.
We are expanding into the US and UK markets, targeting areas dominated by large banks with outdated systems.
We foster a culture where employees can take ownership, work in small teams of exceptional people, and build cutting-edge technology using data, machine learning, and AI.