Cofounder - Head of Risk & Actuarial
External
Workabroad · Düsseldorf, GermanyFull-timeOn-site2w ago
Compliance
Prepare for this interview
EliteAI-generated questions, company research, and talking points tailored to this role
Responsibilities
- Build the ISA underwriting model - default probability by borrower profile, income trajectory assumptions, and loss-given-default curves - without credit bureau data
- Set income-share rates and repayment caps by borrower cohort
- Stress-test the portfolio against macroeconomic shocks, default clustering, and income interruption events
- Structure the warehouse debt facility - tranche sizing, loss triggers, investor reporting
- Define the path to ABS securitisation at scale
- Lead regulatory classification of the product under BaFin and AFM consumer credit frameworks
- Co-own the company as a founding team member
Requirements
- What you bring
- Part-qualified or fully qualified actuary (SOA, IFoA, or DAV) - or equivalent depth in structured credit, consumer lending, or quantitative risk
- Hands-on experience building credit scorecards, PD/LGD models, or pricing models - not just studied them
- Comfort underwriting thin-file or no-file borrowers - emerging-market or migrant lending experience is a strong differentiator
- Working knowledge of structured finance mechanics: waterfalls, tranching, loss absorption, warehouse facilities
- Founder mindset - you want to build, not maintain
Benefits
Greenfield category - not many comparable ISA products for this market in EuropeCofounder equity + reasonable compStructural collection advantage that no standalone lender can replicateDirect path to ABS and institutional debt capital at scaleHow would you build a default probability model for a worker from the Philippines entering the German labour market, with no German credit history? Walk us through the variables, data sources, and assumptions.Find more English Speaking Jobs in Germany on Arbeitnow
Additional Information
Every year, over 700,000 workers, students, and apprentices from low-income countries arrive in the EU needing €2,500-€12,000 upfront to cover visa fees, language tests, qualification recognition, and relocation. No one finances this. Banks won't touch it. Families go into debt. Workabroad Advance is our answer: an income-share agreement product that finances migration costs and collects repayments via employer-mediated payroll, once the worker is placed and earning. The SAM is €6.4B/year in the EU alone. Nobody has built this. You will. Tasks
Your Match
How well this role fits your profile.
Company Intel
What employees say
Worked at WorkAbroad? Share your experience