Innovate UK
Senior Credit Analyst
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Senior Credit Analyst
Senior Credit Analyst
Applications must be submitted by 17-07-2026 *(note: advert closes 16th July 2026 at 23:59pm).
About the Role
You will work within a team of Analysts, providing support to a Credit Specialist in assessing new transactions and/or a Relationship Manager in supporting a portfolio of high-risk, high-need loan beneficiaries.
Post Title: Senior Credit Analyst Band: UKRI Band E (UKRI Terms & Conditions) Salary: £46,743 gross per annum Reports to: Head of Credit Location: Field-based Contract: Fixed term (23 months)
If you are an employee applying for this opportunity and it requires you to be temporarily absent from your substantive role, please refer to the Recruitment Policy first. If made an offer, liaise early with your Line Manager and HR to understand any implications.
Job Purpose
- You will operate within a team of Analysts, providing support to credit assessment for new projects.
- Subject to experience and capability, you may oversee individual caseloads to facilitate professional growth.
- Women are particularly encouraged to apply as they are under-represented in this role at Innovate UK.
Key Responsibilities & Accountabilities
Origination & Assessments
(S: Shortlisting | I: Interview | S&I: Assessed at both)
- Team Support:
- Analyse businesses' financial/non-financial strength (including sensitivities, cashflows and balance sheets) based on applicant info and external verification (reports sensitivities, presentations recommendations).
- Engage with applicants to request additional validation for credits (written/verbal).
- Collaborate with the Credit Committee via reports on transaction approvals, structures, and conditions.
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Compliance & Execution:
- Uphold governance by maintaining audit-ready files and accurate Records, ensuring documentation integrity.
- Coordinate credit approvals through Lending Operations, supervising contract completion, condition checks, and security confirmations.
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Portfolio Management & Reviews:
- Work alongside Relationship Managers to build relationships with loan beneficiaries.
- Monitor loans actively, performing credit risk reviews, annual stress tests, forewarnings of distress, and intervention recommendations.
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Continuous Professional Development:
- Pursue career growth by developing expertise and participating in broader projects to benefit Innovate UK.
Person Specification
Experience & Qualifications
Essential
- Degree level equivalent experience in:
- Assessing business finances
- Banking or alternative finance industries
- Deciphering audited/management accounts to extract strengths/weaknesses
Desirable
- A relevant professional financial qualification (where experience is not sufficient)
Core Skills
- Financial analysis, risk assessment, stakeholder management
- Data-driven reporting; from financial accounts to verbal/mاسبة discussions
- Codeveloping strategies around cash forecasting, covenant compliance
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Competencies
Team members must align with Core Competencies:
- Thinking & Problem-Solving
- Stakeholder Management
- Communication
- Influence
- Self-Awareness
- Strategic Awareness
- Teamwork
- Project Management
(Assessed during shortlisting/interviews)
Travel
- Field-based role with flexible (mostly national) travel. Innovate UK avoids unnecessary travel by using videoconferencing.
Benefits
- 30 days’ paid leave, 10.5 public/privilege days
- Flexible hours, UKRI’s exceptional pension & support networks
- Pre-employment screening level similar to official discard organisations
Note: All UKRI employees contribute to animal health research areas including genetic modification.
Pre-employment Screening
A comprehensive security/check will be done for successful candidates, including registration as a UKRI security level employee.
Flexible Working & Inclusion
Innovate UK values work-life balance and accommodates informal discussions.
Applications should be submitted by 17-07-2026. Follow Innovate UK’s website or social media @innovateuk.
Note for Jobseekers
- UKRI is Disability Confident; interviews guaranteed if minimum criteria met.
- Policy ensures reasonable adjustments if needed; inform Recruitment@ukri.org.
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