Senior Forecasting Analytics Manager, Self Financial
$131-195k
+ Stock Options
More information about location
Credit and savings-building platform
Open for applications
Credit and savings-building platform
501-1000 employees
Open for applications
$131-195k
+ Stock Options
More information about location
501-1000 employees
Company mission
To enable people to build credit, build savings, and reach their goals.
Role
Who you are
- Bachelor’s degree in Engineering, Computer Science, Statistics, Economics, Finance, or similar fields. Advanced quantitative degree is preferred
- 7+ years experience in banking or consumer lending credit risk management
- 5+ years experience with credit analytics and/or loss forecasting
- Experience with the sub-prime consumer segment is highly desirable
- Experience using time series analysis, statistical modelling, machine learning, vintage curves, and roll rates to analyze loan performance
- Deep familiarity with a range of credit performance metrics used in consumer lending
- Highly proficient with analytical tools such as SQL, R, SAS, and Python
- Proficiency with Microsoft Excel and/or Google Sheets is required
- Familiarity with business intelligence tools like Tableau, Power BI, Domo, etc
- Posses a basic understanding of the regulatory environment for consumer lending
- Excellent writing, documentation and presentation skills
- An innate curiosity about the way things work
- Relentless persistence in solving problems
What the job involves
- The Senior Forecasting Analytics Manager will be a key member of the Credit Analytics team, focusing on forecasting analytics for credit and fraud losses for a portfolio of secured and unsecured credit cards and credit builder accounts
- The role will also support forecasting of various loan servicing operations activities to assist in allocation and planning of staffing and other initiatives to drive efficiencies
- This is an individual contributor role committed to analytically-driven decision-making to support Self’s growth as the premier credit building platform
- Perform loss forecasting for credit cards, credit builder accounts, and other consumer lending product types
- Assume ownership of the CECL reserve model and governance processes
- Develop and refine forecasting techniques to project delinquency, roll rates, losses and recoveries to drive business planning and tracking
- Preparation of regular portfolio review materials for the Credit Committee
- Develop and maintain forecasts in support of servicing operations, such as credit bureau dispute volumes, contact activity, etc
- Deliver timely analytical support for requests from finance, bank partners, and other external data requests
- Conduct deep dives, stress testing, and sensitivity analyses of trends, issues, and business events to assess impact on portfolio performance
- Partner with the Credit Strategy teams to explore new approaches, models, and data sources to support innovation in risk strategies
- Review and approve monthly credit card revenue reports for reconciliation with bank partners
- Participate in collaboration with the data team to design data sources and data structures to enable efficient and high integrity credit risk analytics
- Develop vintage curves of activation, utilization, losses, etc. for card unit economics modeling
Our take
Almost 50 million Americans are “credit invisible” with no credit score at all, while there are also around the same number with low credit scores. The ramifications of this are profound, as it goes on to affect mortgage and rental applications, personal loans, and even job prospects.
Self is one of many fintechs, along with the likes of Better, TomoCredit and SoFi, that are attempting to help people get easier access to loans, and in turn credit scores. The company offers consumers instalment loans and its own Visa credit card, regardless of their current credit score.
While there’s lots of competition in this particular fintech niche, Self has been scaling up rapidly over the last few years, increasing its headcount and expanding into credit reporting for rent with its acquisition of RentTrack. With its innovative approach and growing range of services, Self is positioned to continue making a meaningful impact on financial inclusion.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 7 rounds)
Sep 2021
$50m
SERIES E
Dec 2020
$40m
SERIES D
Total funding: $127.6m
Company benefits
- Healthcare including medical, dental, vision, life, disability, FSA, HSA
- 401(k) investment plan
- Equity incentive plan
- Flexible time off
- Paid Parental Leave for primary and secondary care givers
- Wellness programs and fitness benefits
- Professional development reimbursement
- Reward and recognition program
- Hybrid work environment
Company HQ
East Cesar Chavez, Austin, TX
Leadership
James Garvey
(Founder & Member of the Board of Directors)Founded Self Financial in 2014 and served as the CEO until 2023. Previously founded GK Equity and co-founded Objective Loyalty where they served as the CTO for 5 years.
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