Affordability Lead

A vacancy has arisen within Admiral Money for an Affordability Lead within the Credit Risk team.

The Affordability Lead is responsible for developing, owning, and optimising the organisation’s affordability strategies and frameworks across unsecured loans, car finance, and homeowner loan products. The role ensures that affordability assessments are accurate, fair, compliant, and aligned with regulatory expectations while supporting responsible growth and delivering good customer outcomes.

The successful candidate will be able to quickly fit into a fast-moving, innovative and high-profile environment, and will be required to hit the ground running; at least three years’ prior experience within a credit risk environment (or similar) is therefore a prerequisite. Candidates will be given responsibility to set direction and lead the way, whilst very much retaining a hands-on approach.

About us

Admiral Money is the dynamic lending arm of Admiral Group, offering personal loans, motor finance, and homeowner loans since 2017. We’re building something special for our customers and are looking for curious, driven individuals ready to learn, take on challenges, and make an impact.

We’re proud to be a certified Great Place to Work for over 25 years, with recognition for Women and Wellbeing. Our inclusive culture empowers everyone to Be You.

Need support during the recruitment process? Just let us know – we’re here to help.

Responsibilities

• Managing the affordability strategy for all Admiral Money products (UPL, Car Finance & Homeowner Loans)
• Understanding and optimising the income verification process by balancing risk and automation
• Monitoring customer outcomes and arrears performance and continually looking for areas of improvement
• Ensuring data is utilised in an optimal way to benefit customer and broker journeys
• Reviewing the underwriting strategy and constantly looking for areas of improvement
• Exploring new products and data services that would improve the affordability accuracy and automation capabilities
• Monitor economic developments to ensure we’re considering potential impacts to our customers
• Ensure all affordability frameworks meet FCA requirements, Consumer Duty obligations, creditworthiness rules, and product-specific regulations
• Provide expertise in regulatory reviews and audits

Skills and experience:

Essential Requirements

• At least three years’ experience within a credit risk environment (or similar)
• Experience working on an affordability strategy in a lending business
• Proficiency in extracting and analysing data (e.g., SQL, Python, etc.)
• Attention to detail with an analytical and problem‑solving mindset
• Confidence to challenge existing work practices to support continuous improvement
• Excellent communication skills and ability to influence at all levels
• A strong focus on quality, receptive to feedback and effective at giving feedback
• Experience writing proposals and strategy documents

Desirable Requirements

• Exposure to developing or optimising income verification processes
• Experience monitoring customer outcomes and arrears performance
• Understanding of underwriting strategy and areas for optimisation
• Experience exploring new data sources or products to improve affordability accuracy and automation
• Familiarity with economic trend analysis and assessing customer impact
• Knowledge of FCA requirements, Consumer Duty, creditworthiness rules and other lending‑specific regulation
• Experience supporting or participating in regulatory reviews or audits

Admiral: Where You Can

We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We’re committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.

Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave.

We’re proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.

Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here.

As a Disability Confident Leader, for candidates with a disability or long-term health condition, that opt into the Disability Confident scheme, we’ll invite a fair and proportionate number of applicants that meet the essential requirements of the role to the first stage of our selection process.

If you need any adjustments or support with your application or during the recruitment process, just let us know. Please do email georgia.farmer@admiralgroup.co.uk or contact us on   07970136735. This number is dedicated to supporting candidates that require reasonable adjustments or support during the application process.

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