Captive Lending Senior Associate, Octane
$120-140k
+ Corporate bonus program + Stock option package
End-to-end digital buying experience
Open for applications
End-to-end digital buying experience
201-500 employees
Open for applications
$120-140k
+ Corporate bonus program + 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
- To be successful in the role, you will need to be comfortable with a high degree of autonomy, and be excited by the prospect of bringing new deal structures to life
- Bachelor's Degree in Business or similar discipline or equivalent relevant experience strongly preferred
- Minimum 7+ years of financial modeling experience at a consumer lender or investment bank
- Capital markets transaction experience
- Strong analytical skills and experience with Excel
- Familiarity with building models from scratch
- Willingness to constantly learn and iterate
- Scrappy working style, undeterred by limited resources when solving problems
- Strong cross-functional coordinator
What the job involves
- As a Senior Associate on the newly formed captive lending team, you will be joining-in on the ground floor of Octane’s newest business unit
- This function is mission critical to our success as we continue to build deeper enterprise relationships with our large dealer group and OEM partners
- In your work at Octane you will develop models and scenario analysis to estimate portfolio performance for our captive lending partnerships
- Specifically, you will forecast the economics for novel loss sharing and participation structures, and coordinate closely with our capital markets team to model the impact of ABS issuances on our programs
- You will also assist with developing financial reporting materials and profitability analysis for both internal and external stakeholders
- You will also need a high level of detail orientation to operationalize the models you build with our capital markets, financial operations, legal, and credit teams
- This is a high growth role that will report into the Senior Vice President of Captive Lending
- Develop financial models and scenario analysis to support discussions with OEMs and dealership groups
- Build financial reporting for partners to track monthly fund flows and distributions
- Collaborate with financial operations to develop a consistent invoicing process for the program
- Develop pitch materials in conjunction with the sales team
- Assist with partner Q/A on transactions
- Coordinate with the finance team on all ABS structuring assumptions for captive partnerships
- Check that transactions and monthly reporting are executed correctly, collaborating with our financial operations, product, and technology teams to do so
- Support profitability tracking and market analysis
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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