Data Scientist - Offers Team

Full time

Employment Information

We’re looking for a Data Scientist

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 over 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 role will include

Model building:

  • Launching well-designed experiments to collect data.
  • Building causal models to optimise the loan offers we make to customers, based upon the collected data.
  • Deploying these models into production.
  • Working closely with Data Scientists in other teams, such as Credit Risk, Customer Lifetime Value, and New Applications (Signup), to understand model dependencies.

Data analytics & deriving insights:

  • Building out our funnel modelling, including expected customer value models at various points in the customer journey.
  • Supporting other team members with analysis of split tests, to help understand the value of UX or product adjustments.

Strategy & influence:

  • Identifying hypotheses and opportunities of commercial relevance to test.
  • Communicating data insights to non-technical audiences.
  • Shaping the longer-term vision for using machine learning models within the team.

The team

You’ll join our Offers team. The Offers team is responsible for increasing customer and value conversion from a positive credit assessment, up until the point at which a customer takes an iwoca loan for the first time.

The team explores and launches new loan features, such as interest-only periods and longer term lengths. They also optimise other loan features, such as loan pricing and amounts, and figure out the best UX for communicating all of this to the customer on our website.

Offers is a full-stack team, consisting of a Team Lead, Software Engineers, and other Data Scientists.


Essential skills:

  • Strong numerate background, e.g. in Mathematics, Physics, or similar.
  • Background in Probability & Statistics.
  • Experience with Pandas, NumPy, SciPy, Scikit-learn, R, Matlab, and/or SQL.
  • Experience using Machine Learning (ML) techniques.
  • Self-starter with ability to work autonomously in an unstructured environment.

Bonus skills:

  • Experience with Bayesian analysis.

We expect to pay from £50,000-£70,000 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 regularly remunerate staff for their increasing value to our business.

At iwoca, we prioritise a culture of learning, growth, and support, and invest in the professional development of our team members. You’ll have access to ample opportunities for skill-building, mentorship, and career progression, and can decide your career path, focusing on frontend, branching into full-stack, or developing your skills in project and people leadership.

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.

Our friendly and inclusive environment, combined with our flexible work policies, ensures that you’ll have the perfect balance between work and life, empowering you to thrive both personally and professionally.

Our benefits:

We put a lot of effort into making iwoca a brilliant place to work:

  • Offices in London, Leeds, and Frankfurt.
  • Events and clubs, like bingo, comedy nights, yoga classes, football…
  • Two company retreats a year, we’ve been to France, Italy, Spain and further afield.
  • Plenty of drinks and snacks in our offices.

We offer a wide range of benefits:

  • Medical insurance from Vitality, including discounted gym membership.
  • 25 days’ holiday, an extra day off for your birthday and the option to buy or sell an additional 5 days of annual leave.
  • Instant access to emotional and mental health support with our partner, Spill.
  • Share options.
  • Generous maternity and paternity leave.
  • A nursery tax benefit scheme to help you save money.
  • Paid volunteering day to support your chosen charity.
  • Extra leave if you want to travel or study.
  • One-month fully paid sabbatical after 4 years.
  • Cycle-to-work scheme.
  • Electric car scheme.

And to make sure we all keep learning, we offer:

  • An L&D budget for everyone, including a book budget
  • Company-wide talks with internal and external speakers
  • Access to learning platforms like Treehouse if you want to learn to code

Useful links:

  • iwoca benefits & policies:
  • Interview welcome pack:

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