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 more English Speaking Jobs in Germany on Arbeitnow

Position Details

• Job Title: Cofounder - Head of Risk & Actuarial
• Company / Organisation: WorkAbroad
• Location: Düsseldorf
• Employment Type: Full-time
• Field / Industry: Cybersecurity
• Work Arrangement: On-site or hybrid - Düsseldorf

About This Opportunity

This full-time opportunity at WorkAbroad is an excellent opening for experienced professionals in the field of cybersecurity. The role is structured around an on-site or hybrid environment based in Düsseldorf and is designed for candidates who are ready to make a meaningful contribution from the moment they join.

Based in Düsseldorf, this role offers the opportunity to collaborate closely with a local team in a structured professional environment. Candidates currently based in the area or open to relocation are strongly encouraged to apply.

Whether you are an established practitioner in cybersecurity or a highly skilled professional looking for your next challenge, this Cofounder - Head of Risk & Actuarial role offers the platform to apply your expertise in a real-world, results-oriented environment. WorkAbroad is looking for a candidate who can hit the ground running and add genuine value to the team.

Who Should Apply

This role is ideal for candidates who have a solid background in cybersecurity and a demonstrable track record of delivering high-quality results. You should possess strong communication, collaboration, time management, and a professional approach to delivering results. Experience working with relevant industry tools, productivity platforms, and team collaboration software will be an advantage, though a commitment to continuous learning and professional development is equally valued.

Beyond technical or domain expertise, WorkAbroad is looking for someone who communicates clearly, collaborates effectively with colleagues and stakeholders, and takes ownership of their work from start to finish. If you thrive in a professional environment and are passionate about the opportunity to contribute meaningfully to team goals and drive positive outcomes for the organisation, we encourage you to apply.

Key Competencies for This Role

Successful candidates for the Cofounder - Head of Risk & Actuarial position at WorkAbroad will typically demonstrate the following core competencies:

• Domain expertise - a strong foundation of knowledge and hands-on experience in cybersecurity
• Problem-solving ability - the capacity to identify challenges, think critically, and implement practical solutions efficiently
• Communication skills - clear and professional communication with colleagues, stakeholders, and partners at all levels
• Self-management - strong time management and the ability to prioritise a varied workload while meeting deadlines
• Team collaboration - a collaborative and supportive approach to working alongside colleagues across departments or locations
• Adaptability - the ability to respond positively to change and thrive in a dynamic, evolving work environment

How to Apply

To apply for this Cofounder - Head of Risk & Actuarial position at WorkAbroad, click the "Apply Now" button on this page. You will be taken directly to the official application page where you can complete and submit your application.

Before applying, please ensure that your CV or résumé is fully up to date and clearly highlights your experience and accomplishments in cybersecurity. If a cover letter is included or requested, tailor it specifically to this role and explain how your background, skills, and goals align with what WorkAbroad is looking for in a Cofounder - Head of Risk & Actuarial.

All applications for this role are processed directly by WorkAbroad. Career Nest facilitates the job discovery process and does not pre-screen or forward applications on behalf of employers. There are no fees for job seekers at any stage of the application process.

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