Cofounder - Head of Risk & Actuarial

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 What you'll do 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 Europe Cofounder equity + reasonable comp Structural collection advantage that no standalone lender can replicate Direct path to ABS and institutional debt capital at scale How 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 Jobs in Germany on Arbeitnow

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 What you'll do 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 Europe Cofounder equity + reasonable comp Structural collection advantage that no standalone lender can replicate Direct path to ABS and institutional debt capital at scale How 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 Jobs in Germany on Arbeitnow