Senior Credit Risk Analyst, Reach Financial
$181-191k
3 days a week in office
Digital banking and lending platform
Be an early applicant
Digital banking and lending platform
21-100 employees
Be an early applicant
$181-191k
3 days a week in office
21-100 employees
Company mission
Reach's mission is to help people outsmart debt for good
Role
Who you are
- Master’s degree (or foreign equivalent) in Mathematics, Statistics, Econometrics, Operation Research, Computer Science, or related field and four (4) years of experience with SQL and Snowflake
- Using credit bureau (Experian, TransUnion, Equifax) data and risk models built using that data to create underwriting guidelines, set risk tiers, and determine pricing; modeling cash flows (profit and loss modeling) for installment loan products, including loss forecasting and population segmentation Installment Loans and Consumer Lending Products.
- Must have at least two (2) years of experience with Python to manipulate data and draw insights from large data set
What the job involves
- Perform data analysis across various marketing channels to optimize credit risk, origination volume and funnel conversion
- Utilize statistical and segmentation tools to develop data driven business strategies for personal loan products, that balances volume and risk-return targets
- Retrieve data and conduct data driven analytics from internal database and external vendor data, utilizing various analytical tools, software and techniques
- Forecast delinquency and loss curves for consumer lending products
- Develop processes and tools to track, analyze and report monthly portfolio performance of various acquisition channels & drive credit insights
- Present the analyses, findings and recommendations to stakeholders across the organization
- Execute on a wide range of analyses- descriptive measurement and reporting, dashboarding, ad hoc inquisitive problem solving and predictive forecasting
- Help design experiments & A/B test different credit & marketing strategies, create data-backed recommendations to balance credit risk & volume to help make strategic business decision
- Collaborate and work with cross functional team including data science, marketing, product and operations
- Own a key area of analytics, including completing tasks on schedule and being a subject matter expert on said area
- Extract insight or detect issues from analysis independently
Our take
Around 20% of U.S. venture capital poured into FinTech in 2021. Ripe for disruption, financial services like lending are also incredibly lucrative businesses. Reach Financial is part of a cohort of startups trying to reshape the lending experience for consumers in the U.S.
While many technology companies have attempted to go after this vertical, few have done so with the poise of Reach. Others have pursued flashy product features and feel-good branding. Instead, Reach has steadily built up a reputation for offering a practical, modern lending service distinguished for its customer service.
The startup also differentiates itself by its proprietary method for underwriting good borrowers based on signals that go well beyond credit scores. A major part of its focus will be refining its combination of artificial intelligence and machine learning to approve applicants whom other lenders may overlook.
Performing as a lender is becoming increasingly difficult in the current economic climate. Strong capabilities as an underwriter combined with a stellar reputation among borrowers should see Reach fare better than most venture-backed fintechs in this cycle.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Time-off | Our generous vacation day policy provides 3-6 weeks depending on your time with us. Additionally, we provide 1 paid day to volunteer at the non-profit of your choice!
- Health insurance | Our comprehensive medical, dental, and vision plans ensure that our team members and their families are protected and supported
- Life insurance | We are happy to cover up to $250,000 in life insurance benefits for every team member
- Learning & development | Monthly lunch-and-learns, quarterly financial wellness webinars and online training courses are just some of the ways we help you grow and recognize growth in each other
- Flexible geography | We are flexible on where our team members live, with a commitment to virtual workplace interaction, collaboration, and engagement
- Parental leave | We offer 12 weeks of paid parental leave to give new parents the time they need and deserve to bond with their new family members
- 401k savings | Our 401k plan that includes a company match that lets you save tax-free for retirement
- Team Events | We provide regular opportunities to gather as a community, both virtually and safely in-person — whether it’s Pride Month, the Summer Step Challenge, or our end-of-the-year holiday party, we are here to celebrate what makes us unique!
Company HQ
Financial District, New York, NY
Leadership
Daniel Tilipman
(Co-Founder & CEO)Previously President and Co-founder of National Debt Relief.
Salary benchmarks
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