Credit Manager, Mission Lane
Loss Forecasting & Analytics
$145-165k
More information about location
Providing access to fair and clean credit
Be an early applicant
Providing access to fair and clean credit
201-500 employees
Be an early applicant
$145-165k
More information about location
201-500 employees
Company mission
To revolutionize access to financial tools in credit, debit, and beyond to pave a clear way forwards for millions of Americans.
Role
Who you are
- Proven ability to problem solve end-to-end: from framing the question and forming a hypothesis, to analyzing the data, to communicating and debating the answer with other stakeholders
- Familiarity with SQL, python, or other tools for data analysis
- 4 - 7 years of experience in a highly analytical role
- Bachelor’s or Masters in Economics, Finance, Engineering, Mathematics, or similar quantitative field with record of strong academic performance
Desirable
- Experience doing analytical work with credit cards or other consumer lending products
- Experience helping scale a business in a fast-paced startup environment
- Expertise in SQL or Python
What the job involves
- Mission Lane is looking for a Credit Manager on the Loss Forecasting & Analytics team (remote) to join our geographically diverse team
- At Mission Lane, our analysts work on business problems that touch all facets of the business and have the opportunity to work on different teams within the organization as their careers develop
- This team is responsible for managing loss forecasting initiatives, assessing key portfolio risks, and ensuring accurate loss projections to support strategic decision-making
- They own the development and enhancement of forecasting models, monitor credit performance trends, and collaborate cross-functionally to align risk strategies with business objectives
- By leveraging advanced analytics and scenario modeling, they provide data-driven insights that optimize credit policies, capital allocation, and portfolio profitability while maintaining Mission Lane’s commitment to financial inclusion
- Lead the loss and revenue forecasting and analytics for financial planning and strategic insight. Leverage existing models and develop new ones to improve forecast accuracy
- Set up a key risks framework to highlight weaknesses in the portfolio. Implement both a hypothesis driven and hypothesis free monitoring to monitor against the key risks outlined
- Collaborate with partner teams (data science, finance, credit) to implement hypothesis free monitoring and socialize insights
- Regularly communicate with senior management to present findings from key risks monitoring and financial forecast to drive capital allocation and portfolio profitability
Our take
The world of credit can be a murky place, however, companies such as Mission Lane are being established to bring clarity to the industry. The fintech company aims to help people with low credit build their scores and improve their financial lives – this comprises an estimated 100 million people in the US.
Originally a spinoff from the fintech company LendUp, Mission Lane fits a similar mold to larger credit cards startups such as Petal, Tally, and Brex. It uses advanced technology and machine learning to expand credit access.
Despite the global pandemic providing an uncertain backdrop, Mission Lane saw more than 100% revenue growth in its early years. More recently, it strengthened its position in the market by expanding its partnership with Plaid, working together to offer additional connected solutions to underbanked customers. With these developments, Mission Lane remains well-positioned to drive financial inclusion and support for underserved communities.
Freddie
Company Specialist at Welcome to the Jungle
Insights
43% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Jul 2022
$150m
LATE VC
Oct 2021
$150m
LATE VC
Total funding: $707.2m
Company benefits
- Work: Join an engaging culture with access to training programs and advancement opportunities
- Life: Get full health, dental, and vision benefits, FSA, paid parental leave, and 401k Company Match
- Balance: Enjoy generous PTO, flexible schedules, a Calm App subscription, and more
Company HQ
Gravel Hill, Richmond, VA
Leadership
Brandon Black
(CEO)Prior to Mission Lane, there worked at Encore Capital Group for over 15 years, while there they served as the COO, President, and CEO. The also served as the Vice President of Risk Operations at Capital One Financial Services for 2 years.
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