Senior Credit Analyst

Innovate UK has the following secondment opportunity available for employees of Innovate UK Business Connect:

Applications must be submitted by

17-07-2026

Senior Credit Analyst

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.

*Please note this advert will close on the 16th of July 2026 at 23.59pm.

Watch our video “Why Join Innovate UK?” here.

Title: Senior Credit Analyst

Band: UKRI Band E (UKRI Ts & Cs)

Salary: £46,743 gross per annum

Reports to: Head of Credit

Location: Field based

Contract: Fixed Term (23 months)

Employees applying for any opportunity which may mean being away from your substantive role for a temporary period of time, please refer to the Recruitment Policy for further information in the first instance. If you are made an offer, please ensure you liaise with your Line Manager and the designated HR Team as soon as possible in order that implications of any move are clear and understood, prior to a move taking place.

Innovate UK recognises the importance of work-life balance and we will be happy to discuss any requests for flexible working arrangements.

Job Purpose:

You will operate within a team of Analysts, providing support to a Credit Specialist in the assessment of new transactions. Subject to experience and demonstrated capability, you may be assigned an individual caseload to facilitate your professional development.

We particularly welcome female applicants as women are under-represented within Innovate UK in this type of role.

Key Responsibilities and Accountabilities:

Origination – working with a lead Credit Specialist:

  • Analysing the financial and non-financial strength of applicant businesses from information provided and verifying this against external sources where applicable, including sensitivity analyses, cashflow analysis and balance sheet tests (S&I)
  • Engaging with applicants to source additional information to underpin your credit analysis (S&I)
  • Supporting the Credit Specialists by producing sensitivity analysis, at the level of the transaction (S)
  • Based on your analysis, presenting recommendations to the IUKL Credit Committee alongside the lead Credit Specialist on the outcome of the application, deal structure and conditionality (S&I)
  • Oversee credit governance by ensuring accurate minute-taking, maintaining audit-ready customer and applicant files, and upholding the integrity of all credit documentation (S)
  • Working alongside the Lending Operations team to move approved transactions through to execution, including quality assurance of legal documentation, satisfaction of conditions and perfection of security documentation (S)
Broader Activities:
  • Working with the portfolio team and Relationship Manager to build an effective working relationship with portfolio companies. Regularly undertaking annual reviews, review credit risk exposures, monitor covenants, identify early signs of distress and/or make recommendations on interventions to address any issues. (S&I)
  • Pursuing your continuous professional development to the benefit of the loans team and your future opportunities
  • Participating in discrete projects in areas beyond your role to the benefit of IUKL and IUK as a whole
This is not an exhaustive list and you might be encouraged to undertake any other duties across the wider directorate, commensurate with the Band and level of responsibility of this post, for which the post holder has the key experience and/or training.

Shortlisting criteria

(S) – Assessed at shortlisting

(I) – Assessed at interview

(S&I) – Assessed at both shortlisting and interview

Person Specification:

Experience & Qualifications:

Essential –

  • Qualified to degree level or equivalent relevant experience in working with and understanding businesses
  • Financial qualification desirable, though not essential where suitable experience is evidenced
  • The candidate may have relevant experience in the field of banking or alternative finance environment and/or a good degree or professional qualification in a relevant discipline.
  • Sourcing, reviewing and analysing financial information, in particular in the form of audited financial accounts and management accounts and extracting key strengths and weaknesses from them
  • Ability to collect, collate and present data with impact, including both writt
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