Risk Analyst, Octane
Collections Strategy
$90-100k
Plus corporate bonus program and stock option package
End-to-end digital buying experience
Posted today
End-to-end digital buying experience
201-500 employees
Posted today
$90-100k
Plus corporate bonus program and stock option package
201-500 employees
Company mission
To connect people with their passions by making lifestyle purchases fast, easy, and accessible.
Role
Who you are
- A BS degree in a quantitative field such as statistics, econometrics, decision sciences, or engineering (advanced degree preferred)
- Good overall understanding of consumer credit and lending
- 2+ years of experience in risk management at a financial institution, comparable experience in an analytical environment, or related Master’s degree with 1+ years of related experience
- Hands-on programming experience with SQL, Python, or other languages preferred
- Self-starter who thrives on autonomy
- Comfort working with large datasets
- Strong written and oral communication skills
What the job involves
- Octane is currently seeking a bright and resourceful Risk Analyst to join the Collections Strategy team at Octane
- This position will be responsible for developing collection strategies for multiple products
- You will get to work cross-functionally with several departments to work towards business goals
- This individual will put their data analytics skills to work by identifying key drivers of loss and deviations in estimation techniques and determine opportunities for successful improvement
- Develop collections strategy for multiple products to optimize loss mitigation and revenue recovery while minimizing operational costs for the business
- Perform data analytics to identify drivers of loss and deviations in estimation techniques and proactively identify improvement opportunities
- Design reports to track KPIs around operational execution, strategy performance, collector performance, and changes to the risk profile
- Assist in the development of business insights and communicate proposals to senior management
- Work cross-functionally with servicing, data science, and products to produce better business outcomes
- Manage and maintain collection policy documentation and program tracking
Our take
Octane Lending is revolutionizing the financing process within the powersports industry. The company's online platform offers streamlined online financing options and has significantly improved customer experience through its technology-driven solutions.
In addition to its core focus, Octane has expanded its offerings to include recreational vehicles, tractors, trailers and electric vehicles. The company collaborates with over 30 original equipment manufacturers (OEMs) and has originated more than $4B in loans through its in-house lender, Roadrunner Financial.
Octane's impressive flurry of funding rounds in 2024 underscores strong confidence in its business model and future growth. The new capital will allow Octane to expand into more markets, all off the back of a milestone year in which it has expanded into marine markets and achieved $5B in aggregate originations.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Medical, Dental, Vision: Generous coverage for you and your dependents
- Generous Parental Leave: As your family grows, ours does too
- 4+ Weeks of PTO: Enjoy your time off & have the encouragement to take it!
- Education Stipend: Up to $3000/year for continuing education
- Competitive 401(k): We match 100% of the first 3% you contribute and 50% of the next 2%, for a total match of up to 4%
- Donation Matching: Octane matches charitable gifts from employees year-round
- Powersports Safety Benefit: Up to $500/year for powersport safety equipment
- Gympass Membership: We offer flexible memberships to thousands of gyms, studios, and apps to support your wellness journey
Company HQ
Midtown South, New York, NY
Leadership
Mark Davidson
(Co-Founder & CRO)Previously co-founded Cheggin where they served as the CEO. They also co-founded oDigger and CaptureSEO and worked as a Marketing Manager at Egos Marketing.
André Gregori
(Head of Dealer Products & Co-Founder)Head of Dealer Products at Octane Lending. Previously co-founded Cheggin.
Mark Garro
(Senior Director of Engineering & Co-Founder)Senior Director of Engineering at Octane Lending. Previously served as the CTO at Cheggin and ScholarLocker. They also worked as a Software Engineer at VIVANA Wellness.
Michael Fanfant
(Boardmember & Co-Founder)Board Member at a number of companies including Octane Lending. Also a General Partner at Runa Capital and previously a Strategy Associate at Capital One.
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