About the role

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.

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Interview prep

Walk in with sharper answers.

Use this as a quick practice sheet before you speak with the employer.

Mid

Technology & IT Accounting Data Analysis Finance Cofounder Head Mid level

Likely questions

Tell us about work you have done that is close to the Cofounder - Head of Risk & Actuarial role.
How would you approach your first 30 days at WorkAbroad?
Which of Accounting, Data Analysis and Finance have you used recently, and what did it help you achieve?
Describe a time you solved a problem without waiting to be told exactly what to do.
How do you handle busy days, changing priorities, or pressure at work?

Prepare before the call

A recent example that proves your experience with Accounting, Data Analysis and Finance.
One short story with a problem, your action, and the result.
Two examples that show the strengths listed on your CV.
A clear reason why this role and company interest you.
Your availability, preferred work style, and salary expectations.

Ask them

What would success look like in the first 90 days?
What are the main problems this hire should help solve?
How does the team give feedback and measure good work?
What does a normal working week look like for this role?

Practice line

I am interested in the Cofounder - Head of Risk & Actuarial role because I can bring practical experience in Accounting, Data Analysis and Finance, learn the team quickly, and contribute to the outcomes WorkAbroad needs from this hire.

Cofounder - Head of Risk & Actuarial

About the role

Walk in with sharper answers.

Likely questions

Prepare before the call

Ask them

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