Head of Collections and Recovery Strategy (US)

About Lendable

Lendable is on a mission to build the world's best technology to help people get credit and save money. We're building one of the world’s leading fintech companies and are off to a strong start:

• One of the UK’s newest unicorns with a team of just over 700 people

• Among the fastest-growing tech companies in the UK

• Profitable since 2017

• Backed by top investors including Balderton Capital and Goldman Sachs

• Loved by customers with the best reviews in the market (4.9 across 10,000s of reviews on Trustpilot)

So far, we’ve rebuilt the Big Three consumer finance products from scratch: loans, credit cards and car finance. We get money into our customers’ hands in minutes instead of days.

We’re growing fast, and there’s a lot more to do: we’re going after the two biggest Western markets (UK and US) where trillions worth of financial products are held by big banks with dated systems and painful processes.

Join us if you want to

1. Take ownership across a broad remit. You are trusted to make decisions that drive a material impact on the direction and success of Lendable from day 1

2. Work in small teams of exceptional people, who are relentlessly resourceful to solve problems and find smarter solutions than the status quo

3. Build the best technology in-house, using new data sources, machine learning and AI to make machines do the heavy lifting

About the role

The US loan book is growing fast. Our collections and recoveries operation exists but it was built for a smaller, simpler business. This role is a mandate to challenge everything, rebuild what needs rebuilding, and design a collections strategy that scales with the book.

You'll own the end-to-end collections and recoveries function for US Loans: the strategy, the process, the data, and the vendor relationships. You'll work directly with the US Loans MD and sit at the intersection of operations, risk, product and tech.

Critically, you'll also build and lead the analytics function for collections. As the business grows, this role has the potential to expand to cover US Cards as well, building out a broader US collections function over time.

This is not a management role for someone who wants to run a steady-state operation. It's for someone who looks at a messy process and immediately starts asking why it works the way it does and doesn't stop until the answer is better.

What you'll be doing

• Audit the current collections and recoveries operation from first principles. Every workflow, every handoff, every vendor and produce a clear view of what's broken and what needs to change

• Design and own the collections strategy across the full delinquency lifecycle: early arrears, late-stage collections, charge-off, and recovery

• Build and own the analytics function for collections. Pulling your own data, building models, defining KRs, and growing a team around you as the book scales

• Own the contact strategy: when we reach out, how, and what we say and use data to continuously test and improve it

• Build and manage relationships with third-party collections agencies and legal partners. Setting performance expectations, tracking outcomes, and replacing underperformers

• Work with product and tech to build the tooling and automation that makes the operation scalable, not headcount-dependent

• Partner with legal and compliance on the regulatory framework for collections operations across relevant US states.

• Define and own the KRs for collections performance: cure rates, recovery rates, cost-to-collect, charge-off rates and hold the operation accountable to them

Who we're looking for

You have real hands-on experience in US consumer collections at a fast-moving fintech; you know what good looks like because you've built it, not just run it. You're deeply analytical, comfortable pulling your own data and building your own models, and you see analytics as a core part of how collections strategy gets made. The regulatory piece matters but you don't need to be a compliance lawyer, you need to know the landscape, ask the right questions, and work effectively with legal and compliance to stay ahead of it.

Specifically:

• 4–8 years in US consumer collections or recoveries, ideally at a fast-moving fintech, you've owned a delinquency bo