Head of Credit Finance

Job description

LemFi (Series B) is building the go-to financial app for the Global South. Moving to a new country shouldn’t mean starting from zero. That's why our team of 400+ spanning 20+ countries is building a financial ecosystem that helps immigrants stay connected to home, build stability, and create wealth regardless of where they are from or where they live. What began as fast, affordable remittances is now evolving into a complete platform for multi-currency accounts, payments, credit, and long-term financial growth. With millions of users across the globe, we process over $1B in monthly transactions to 30+ countries, proving that borders shouldn't limit financial opportunity. ABOUT THE ROLE We've built a remittance business at scale, and credit is where we take it next: deepening the relationship with the customers we already have, and opening a front door to a whole new set who have never used LemFi before. Live in the UK, with further markets to follow.The credit management and product teams are well established and the business is trading. With a warehouse facility now secured, the piece that's missing is a finance leader alongside them. As the first finance hire dedicated to credit, you'll own the accounting for the business end to end: the loan book and the funding structures behind it. If you've done credit finance inside a specialist lender and want to own the whole of it rather than a slice, at the point where a business is scaling rather than after the fact, this is a rare one. WHAT YOU'LL BUILD AND OWN - End-to-end accounting ownership for the credit portfolio, ensuring compliance with IFRS 9 standards regarding recognition, effective interest, and impairment. You will maintain robust accounting policies and clearly document technical positions. - Leadership of the credit provisioning process. This includes collaborating with credit risk on ECL methodology and assumptions, integrating model outputs into the general ledger, and preparing all necessary financial disclosures with the ability to articulate movements to stakeholders. - Management of the warehouse facility finance function, including oversight of borrowing bases, drawdown requests, eligibility testing, covenant compliance, and lender reporting. You will also lead the financial integration of new funding facilities. - Optimisation of the operational model. You will assess current controls and reconciliations—including drawdowns, collections, and waterfall payments, to identify potential friction points and implement scalable processes as the business expands across jurisdictions. - Driving reporting efficiency in partnership with the data team to automate pipelines between lending systems and NetSuite, minimizing reliance on manual processes as a core, ongoing strategic objective. - Collaborative cash management with the treasury function, ensuring accurate handling of collections, sweeps, collateral accounts, and inter-entity funding. - Statutory reporting. Separate ledgers, intercompany and servicer arrangements, entity financial statements under the applicable GAAP, and a clean consolidation into group. - Responsibility for FCA regulatory returns and capital adequacy assessments, providing the business with proactive visibility into regulatory headroom and funding requirements. - Technical accounting and the audit relationship. Leading on the adoption of new accounting standards, and acting as the main point of contact for the auditors on credit. - Strategic team development and financial analysis. You will build out the credit finance function as the portfolio grows, delivering reliable insights to FP&A, the CFO, and the board regarding cost of funds, unit economics, and portfolio performance. YOUR EXPERIENCE - Specialist experience in SPV and structured finance accounting. You've worked on the accounting and reporting for warehouse facilities, securitisation vehicles or forward flow structures. - Familiarity with funding mechanics. Borrowing bases, eligibility and concentration tests, advance rates, drawdowns and repayments, waterfalls, and covenant compliance reporting. - Lending experience. You know your way around a loan book: interest recognition, fee amortisation, impairment and ECL, write-offs and recoveries. - A good grounding in IFRS 9, ideally including involvement in a credit provisioning process. - ACA, ACCA, ICAEW, CIMA or an equivalent accounting qualification. - You like improving and building processes as much as running them, and you're happy somewhere fast-moving where not everything is fully built yet. - You've worked directly with lenders and external auditors. - Comfortable with data at volume, and reconciling across systems. - Proactive and organised. A lot of the deadlines here are external, and you keep on top of them. NICE TO HAVE - Experience at a specialist lender, consumer credit business or credit-focused fintech. - FCA regulatory reporting and capital adequacy experience for a regulated lending entity. - You've helped stand up a warehouse facility, or taken a business from one facility to several. - Multi-entity, multi-currency and multi-jurisdiction reporting experience. - Familiarity with more than one framework: IFRS, FRS 102 or US GAAP. - NetSuite experience. - Familiarity with Snowflake, Tableau or Looker. WHY JOIN LEMFI? Love shouldn’t be expensive, yet those working hardest for their families often face predatory fees and banking exclusion. We're changing this. At LemFi, you won’t be just a cog in a machine. Whether designing products, scaling operations, or telling our story, you’ll tackle complex challenges with real, immediate impact. Your work goes beyond metrics - it puts money back in families’ pockets and offers access to the previously excluded. Join us to make a meaningful difference, where high performance is a lifeline for millions. You can connect with us on LinkedIn https://www.linkedin.com/company/lemfi/ and Instagram https://www.instagram.com/uselemfi/ and if you haven't already, download the app on the App Store https://apps.apple.com/gb/app/lemfi/id1533066809 or Google Play https://play.google.com/store/apps/details?hl=en&id=com.lemonadeFinance.android.