Head of Credit Finance
LemFi provides international payment products for immigrants, including multi-currency wallets, global money transfers, payment requests, and eSIM connectivity.
About LemFi
LemFi is a financial technology company offering international payment products designed to help immigrants thrive financially. Its services include multi-currency wallets, international money transfers to more than 30 countries, money requests and payment links, and eSIM connectivity. Transfers can be sent to bank accounts, mobile money, and other destinations, typically arriving within minutes.
Skills
Candidate Availability
Required and preferred rules are kept separate and reflect the wording in the original posting.
About the Role
You will own accounting for the loan portfolio and funding structures, lead provisioning and lender reporting, improve controls and reconciliations, automate financial data pipelines, manage cash processes, oversee statutory and regulatory reporting, support audits, and develop the credit finance function.
Requirements
- Experience in SPV and structured finance accounting.
- Experience with warehouse facilities, securitisation vehicles, or forward flow structures.
- Knowledge of borrowing bases, eligibility tests, concentration tests, advance rates, drawdowns, waterfalls, and covenants.
- Lending experience covering interest recognition, fee amortisation, impairment, ECL, write-offs, and recoveries.
- Good grounding in IFRS 9.
- ACA, ACCA, ICAEW, CIMA, or equivalent accounting qualification.
- Experience improving and building finance processes.
- Experience working with lenders and external auditors.
- Comfort handling and reconciling high-volume data.
- Proactive and organised approach to external deadlines.
- Experience in specialist lending, consumer credit, or credit-focused fintech is advantageous.
- Experience with FCA reporting and capital adequacy is advantageous.
- Experience with NetSuite, Snowflake, Tableau, or Looker is advantageous.
Responsibilities
- Own end-to-end accounting for the credit portfolio.
- Lead the credit provisioning process and integrate ECL models into the general ledger.
- Manage warehouse facility finance, borrowing bases, drawdowns, covenants, and lender reporting.
- Improve controls and reconciliations across lending operations.
- Automate data pipelines between lending systems and NetSuite.
- Manage collections, sweeps, collateral accounts, and inter-entity funding.
- Prepare statutory accounts, intercompany reporting, and group consolidation.
- Oversee FCA regulatory returns and capital adequacy assessments.
- Lead technical accounting and the credit audit relationship.
- Develop the credit finance function and deliver portfolio analysis.
Benefits
- Hybrid work arrangement