Innovate UK
Senior Credit Analyst
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Senior Credit Analyst
Senior Credit Analyst
Application Deadline: [Internally applied by UKRI employees only – deadline administered internally]
About the Role
Band: UKRI Band E (UKRI Terms & Conditions) Salary: £46,743 gross per annum (pro rata if applicable) Location: Field-based (primary office: Swindon, with travel across the UK) Contract Type: Fixed Term (23 months)
This internal-only role sits within Innovate UK, a partner organisation of UK Research and Innovation (UKRI). The position is open only to current UKRI employees with access to the Workday system or applications submitted via the How to Apply section below.
Job Purpose
You will support a Credit Specialist and Relationship Manager in assessing the risk of high-value loan transactions and maintain long-term engagement with corporate and SME loan beneficiaries.
Innovate UK is committed to diversity and inclusivity. While women are currently under-represented in this type of role, this advert is open to all applicants who meet the specified criteria.
Key Responsibilities and Accountabilities
Core Origination Duties
- Collaborate with the Lead Credit Specialist to:
- Analyse financial and non-financial risk of applicant businesses using data, sensitivity tests, cashflow evaluations, and balance sheet assessments (S&I).
- Engage with applicants or third parties to gather additional financial/operational information.
- Prepare sensitivity analyses and recommend clear deal structures, conditionality, and outcomes to the Credit Committee alongside the Lead Specialist (S).
- Ensure credit governance integrity via audit-ready documentation, accurate minute-taking for risk committee meetings, and compliance with regulatory frameworks (S).
Transaction Execution
- Work with the Lending Operations team to:
- Quality-assure legal documentation, satisfy conditions precedent, and confirm security perfection (S).
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Portfolio Management
- Maintain relationships with portfolio companies and Relationship Managers to:
- Conduct annual credit reviews, monitor covenant compliance, and identify early warning signs of distress.
- Provide risk mitigation recommendations or recovery interventions where needed (S&I).
Professional Development & Engagement
- Proactively develop technical and soft skills (financial literacy, stakeholder negotiation, reporting) to enhance future career progression.
- Support cross-functional projects that align with Innovate UK’s strategic goals.
(Note: Internal militancy applies—additional ad-hoc duties may be assigned according to explicit experience/training. S = Shortlist criterion; I = Interview criterion; S&I = Both.)
Person Specification
Experience & Qualifications
- Essential:
- Degree-level qualification or equivalent credit/financial experience in business assessment.
- Demonstrated ability to analyse financial accounts (audited/management) and distil key strengths/weaknesses.
- Experience in process management (e.g., cashflow review, forecasting, covenant monitoring).
- Desirable:
- Financial qualification (e.g., CFA, ACCA) or alternative finance/banking expertise.
Competences (Innovate UK Core)
- Thinking and Problem Solving – Analogical reasoning to assess ambiguous evidence.
- Influencing & Stakeholder Management – Bridging technical gaps for non-finance audiences.
- Overarching Leadership – Collaborative problem-solving across teams and channels.
- Cultural & Ethical Awareness – Identifying biases and upholding professional standards.
Assessments will explore specific competencies at shortlisting/interview.
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Travel & Responsibilities
- Role: Field-based with UK-wide travel (flexible hours during business; not midnight or local night commitments).
- UKRI leverages telepresence tools to streamline meetings.
- Fixed-term contract does not align with permanent assigned roles—employees are required to liaise with their manager (see UKRI Recruitment Policy for further details).
Benefits (All UKRI Employees)
- ** Policies tailored to work-life balance**:
- 30 days annual leave + 10.5 privilege/public holidays.
- Flexible working discussed pre-offer (office policy allowing hybrid arrangements).
- Excellent defined benefit pension scheme.
- Broad EAP/mental health support, discount schemes (ASDA,туаль, etc.), and employee networks.
About Innovate UK (UKRI)
Innovate UK directs economic growth through:
- R&D grants/loans + programmes to commercialise innovation.
- Clear focus on equality, diversity, and inclusion (e.g., women-in-finance initiatives).
Note on Research Support: UKRI invests in biosciences (ransgenesis, anesthesiology) and agriculture—while rare, awareness of ethics is noted.
Application Essentials
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How to apply: Current UKRI employees should apply via the careers portal (https://careersportal.co.uk/UKRI-careers) or Workday application.
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Materials required: Full CV and strong cover letter outlining alignment with person specification.
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Pre-employment screening:
UKRI conducts mandatory security/vetting checks (extreme organisations checks included). Fixed-term roles may impact permanent assignments.
External Links
- Watch “Why Join Innovate UK?” video.
- Tech talent? Explore UKRI Learning & Development.
- For prompts on হতে cautious: <Transparency > UK research values.
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