Deputy Head of Business, Enova
S&O
More information about location
3 days a week in office
AI-driven financial credit provider
Open for applications
AI-driven financial credit provider
1001+ employees
Open for applications
More information about location
3 days a week in office
1001+ employees
Company mission
Enova's mission is to help hardworking businesses and individuals get access to fast, trustworthy credit through its AI-driven credit solutions.
Role
Who you are
- Bachelor's or Master's degree in Engineering, Business, Finance or a related field
- 3 or more years of leadership experience, preferably in product line operations or finance, and the ability to collaborate and motivate teams to achieve targets and exceed expectations
- Strong financial acumen and understanding of financial statements, budgeting, forecasting, and financial analysis
- Excellent analytical and problem-solving skills, with the ability to translate data into actionable insights and support decision-making
- Demonstrated ability to contribute to the development and execution of strategic plans that drive revenue growth and improve profitability
- Results-oriented mindset with a focus on delivering measurable outcomes and driving continuous improvement
What the job involves
- As a Deputy Head of Business - CashNetUSA, you will directly support the leader of one of Enova’s product line teams in developing strategy and managing the business day-to-day in order to deliver results and provide the best possible experience for our customers
- You’ll play a key role in budgeting and financial planning, monitoring business performance and longer-term strategic initiatives
- This role requires a high degree of collaboration with other teams and offers a path to other leadership roles at Enova
- Supporting the P&L Leader in developing a comprehensive product line strategy and collaborating with our marketing, operations, finance and other teams to ensure its execution
- Assist in financial forecasting and budgeting to ensure accurate financial planning and provide insights for strategic decision-making
- Analyze market trends, customer needs, and competitor activities to identify areas for revenue growth and develop actionable plans
- Drive initiatives to foster a culture of compliance, establish clear policies and procedures, and implement effective monitoring and auditing
- Monitoring and analyzing key performance indicators (KPIs) for our operations team and financial metrics to track business performance, identify trends, and implement corrective actions when necessary
- Collaborate with the P&L Leader in leading and mentoring a team, providing guidance, performance feedback, and fostering a culture of continuous improvement
- Strong communication skills with the ability to present to and influence senior level stakeholders by storytelling through data that effectively communicates strategic operations solutions
Our take
Providing customers with quick access to credit is important for fintech companies to survive in today's financial landscape of open banking, but this is made difficult by high credit rejection rates from banks. However, these decisions are generally made by human assessments of data which are limited due to the complexity of the modern financial landscape. AI-driven solutions, able to analyse vast amounts of data almost instantly to derive accurate credit risk assessments, present room for improvement in the lending industry.
Enova provides a platform called Colossus that leverages AI and machine learning-enabled analytics to provide businesses and individuals with fast, reliable, and trustworthy credit. The company achieves this by partnering with banks and sharing its data analysis solutions, helping to identify opportunities for credit when they would otherwise be missed. There is definitely a market for its product: over 8 million customers have funded almost $50 billion through the platform to date.
Enova has grown strongly in recent years based on the rapid uptake of its product. As the macroeconomic climate remains volatile, businesses will increasingly come to rely on Enova's AI-based solutions to help them manage credit risk and navigate an increasingly complex lending environment.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Hybrid roles entail working in-office from Tuesday to Thursday, with the choice to work remotely on Mondays and Fridays
- Health, dental, and vision insurance including mental health benefits
- 401(k) matching plus a roth option (U.S. Based employees only)
- PTO & paid holidays off
- Sabbatical program (for eligible roles)
- Summer hours (for eligible roles)
- Paid parental leave
- DEI groups (B.L.A.C.K. @ Enova, HOLA @ Enova, Women @ Enova, Pride @ Enova, South Asians @ Enova, APEX @ Enova, and Parents @ Enova)
- Employee recognition and rewards program
- Charitable matching and a paid volunteer day…Plus so much more!
Company values
- Customer first: We listen to our customers’ needs and create products that solve real problems. We deliver beyond expectations, treating our customers the way we want to be treated
- Best answer wins: We believe innovative ideas and solutions can come from anywhere. That’s why we make sure the best answer wins — no matter who it’s coming from.
- Operate as an Owner: The entrepreneurial spirit runs strong at Enova. We encourage team members to think big and move fast and use resources like they’re their own
- Accountable for Results: We’re a data-driven company, and we use that data to add value and create results. We set our expectations high and do what we say we are going to do
- Top Talent and Teamwork: Enova is a place for the best and brightest, from all walks of life and parts of the world. We work in small, focused teams that encourage diversity of thought
Company HQ
Chicago Loop, Chicago, IL
Articles
Leadership
David Fisher
(CEO, not founder)Before joining Enova as CEO, they were the CEO of optionsXpress and CFO at Potbelly Sandwich Works, Prism Financial and RBC Mortgage.
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