Credit Risk Manager, Flex
$161-170k
+ Stock Options
Flexible rent payment application
Job no longer available
Flexible rent payment application
501-1000 employees
Job no longer available
$161-170k
+ Stock Options
501-1000 employees
Company mission
Flex's mission is to empower as many renters as possible with flexibility over their most significant recurring expense.
Role
Who you are
- Advanced Degree in a quantitative field (Statistics, Economics, Mathematics, Finance, etc)
- Five (5) years of experience must include:
- Utilizing analytical programming languages
- Performing statistical analysis, econometrics, data management, modeling, or data analytics
- Developing of decision-making policies and rules or controls for risk management resulting in operational improvements, risk mitigation, and impact on financial risk
- Developing and applying risk management tools to assess, identify, and evaluate risks, implement internal controls, and mitigate risk
- Performing credit, business intelligence, financial, or risk management data-driven analyses
- Collaborating with cross-functional teams, including but not limited to technology, marketing, compliance, and audit
What the job involves
- The Credit Risk Manager will advance underwriting and line assignment efficiency at Flex
- The Credit Risk team at Flex is responsible for identifying, establishing and maintaining key underwriting policies that impact Flex’s product, brand, and customer experience
- The ideal candidate is passionate about identifying opportunities to reduce losses while ensuring Flex maintains its growth trajectory
- The Credit Risk Manager will also need to be in tune with customer friction points during underwriting, is comfortable working cross-functionally with teams to deliver results, and ensures underwriting and line assignment policies maximize customer life-time value
- This role will report into the Head of Credit Risk
- Design and launch new credit underwriting and line assignment policies
- Build risk monitoring dashboards and track performance against expectations
- Develop and optimize credit policy to improve profitability, customer experience, and consumer access to credit. Innovate on the existing framework to allow for high, continued scalability
- Create and present analysis to key stakeholders and leadership. Identify underlying reasons for variance from expectations, understand changes in portfolio performance, and evaluate loss and profitability impact
- Analyze and evaluate potential new sources of data for incremental value in credit management strategies
- Work closely with the data science team in improving credit risk decisions using cutting-edge credit underwriting models
Our take
Many people struggle to pay their rent every month, with a variety of bills hitting their bank accounts simultaneously. Whilst many of these people earn enough money to cover their bills, the inflexible nature of monthly bills can make the all-in-one payment a harder obstacle.
Flex provides a mobile application for the flexible payment of rent, allowing users to pay their landlords through flexible payment plans, reschedule payments when necessary, and protect their funds through Overdraft Protection. The company achieves this by partnering with estate agents and paying their resident's bills upfront, taking on the challenges that landlords would normally have due to late payments.
Flex has experienced extremely rapid growth since its founding which has caused some issues, as it struggled to keep up with the surge in new customers. Having made improvements to its product and scaled its customer service team, it is set to continue providing a service that has come to be highly valued by both tenants and landlords.
Freddie
Company Specialist at Welcome to the Jungle
Insights
10% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Feb 2022
$160m
SERIES C
Apr 2021
$46.6m
SERIES B
Total funding: $225.1m
Company benefits
- 100% company-paid medical, dental, and vision
- 401(k) + company stock options
- Unlimited paid time off + company paid holidays
- Parental leave + IVF and adoption support
- Flex Cares Program: Non-profit company match + pet adoption coverage
- Pet Insurance
- Free Flex subscription
Company HQ
Midtown Manhattan, New York, NY
Leadership
Shragie Lichtenstein
(Co-Founder & CEO)Experience working in venture capital investments for Point72 and TVC. Also co-founded Boundless Reality.
YeTong Shao
(Co-Founder)Experience as Data Science Researcher. Also co-founded Boundless Reality.
Salary benchmarks
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