Credit Risk Analyst, Reach Financial
Digital banking and lending platform
Be an early applicant
Digital banking and lending platform
21-100 employees
Be an early applicant
21-100 employees
Company mission
Reach's mission is to help people outsmart debt for good
Role
Who you are
- Bachelor’s Degree in Mathematics, Statistics, Econometrics, Operation Research, Computer Science, or other quantitative fields
- Proficient using Python to manipulate data and draw insights from large data set
- Proficiency in SQL, Snowflake, Tableau is a plus
- Skilled in Excel and PowerPoint
- Experience in data analytics or lending products is a plus
- Good communication and presentation skills
What the job involves
- Reach Financial’s Risk and Decision Science team consists of a group of Data Scientists, Data Engineers, Analytics Professionals covering all the business units and Business Intelligence Analysts
- We are passionate about data and cutting-edge technology
- Our goal is to leverage the data to drive the business growth agenda for consumer lending products
- The Risk and Decision Science team works cross functionally with other business units to ideate, hypothesize, analyze and test, formalize, implement, maintain, and track progresses for all initiatives
- Perform data analysis across various marketing channels to optimize credit risk, origination volume and funnel conversion
- Utilize statistical and segmentation tools to develop data driven business strategies for personal loan products, that balances volume and risk-return targets
- Retrieve data and conduct data driven analytics from internal database and external vendor data, utilizing various analytical tools, software and techniques
- Forecast delinquency and loss curves for consumer lending products
- Develop processes and tools to track, analyze and report monthly portfolio performance of various acquisition channels & drive credit insights
- Present the analyses, findings and recommendations to stakeholders across the organization
- Execute on a wide range of analyses- descriptive measurement and reporting, dashboarding, ad hoc inquisitive problem solving and predictive forecasting
- Help design experiments & A/B test different credit & marketing strategies, create data-backed recommendations to balance credit risk & volume to help make strategic business decision
- Collaborate and work with cross functional team including data science, marketing, product and operations
Our take
Around 20% of U.S. venture capital poured into FinTech in 2021. Ripe for disruption, financial services like lending are also incredibly lucrative businesses. Reach Financial is part of a cohort of startups trying to reshape the lending experience for consumers in the U.S.
While many technology companies have attempted to go after this vertical, few have done so with the poise of Reach. Others have pursued flashy product features and feel-good branding. Instead, Reach has steadily built up a reputation for offering a practical, modern lending service distinguished for its customer service.
The startup also differentiates itself by its proprietary method for underwriting good borrowers based on signals that go well beyond credit scores. A major part of its focus will be refining its combination of artificial intelligence and machine learning to approve applicants who may be overlooked by other lenders.
Performing as a lender is becoming increasingly difficult in the current economic climate. Strong capabilities as an underwriter combined with a stellar reputation among borrowers should see Reach fare better than most venture-backed fintechs in this cycle.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Time-off | Our generous vacation day policy provides 3-6 weeks depending on your time with us. Additionally, we provide 1 paid day to volunteer at the non-profit of your choice!
- Health insurance | Our comprehensive medical, dental, and vision plans ensure that our team members and their families are protected and supported
- Life insurance | We are happy to cover up to $250,000 in life insurance benefits for every team member
- Learning & development | Monthly lunch-and-learns, quarterly financial wellness webinars and online training courses are just some of the ways we help you grow and recognize growth in each other
- Flexible geography | We are flexible on where our team members live, with a commitment to virtual workplace interaction, collaboration, and engagement
- Parental leave | We offer 12 weeks of paid parental leave to give new parents the time they need and deserve to bond with their new family members
- 401k savings | Our 401k plan that includes a company match that lets you save tax-free for retirement
- Team Events | We provide regular opportunities to gather as a community, both virtually and safely in-person — whether it’s Pride Month, the Summer Step Challenge, or our end-of-the-year holiday party, we are here to celebrate what makes us unique!
Company values
- Empathy | Life happens. We can relate, and we can help.
- Transparency | Honesty and clarity every step of the way, even when it’s hard.
- Innovation | Challenge the industry for the good of the consumer – and break the status quo.
- Progress | Be better today than yesterday. Move forward in everything we do.
- Empowerment | Provide the knowledge and tools to confidently reach our goals together.
Company HQ
Financial District, New York, NY
Articles
Leadership
Daniel Tilipman
(CEO)Previously President and Co-founder of National Debt Relief.
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