Senior Manager, Collections Risk Strategy
2024-08-07
USA
Octane Lending
Octane® is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience. We connect people with their passions by combining cutting-edge technology and innovative risk strategies to make lifestyle purchases - like powersports vehicles, RVs, and OPE - fast, easy, and accessible.
Octane adds value throughout the customer journey: inspiring enthusiasts with our editorial brands, including Cycle World® and UTV Driver®, instantly prequalifying consumers for financing online, routing customers to dealerships for an easy closing, and supporting customers throughout their loan with superior loan servicing.
Founded in 2014, we’re a company with 550+ employees and over 30 OEM and 4,000 dealer partners.
We are hiring a talented and experienced Risk Manager to lead projects related to collections management and loss forecasting for Octane’s credit portfolio of nearly $2B. In this role, you will be responsible for designing and improving Octane’s approach to collections, short-term loss forecasting, stress testing, and performance management.
Responsibilities:
Develop collections strategy for multiple products to optimize loss mitigation and revenue recovery while minimizing operational costs for the business
Set up statistically sound A/B testing using a robust Design of Experiments (DOE) methodology to test various aspects of collection and recovery strategies
Develop and maintain short-term loss forecasting to support multiple use cases across the business
Identify the drivers of loss and deviations in estimation techniques and develop methodologies to improve estimates
Perform ad hoc analysis to understand collections risk performance trends and anomalies, and proactively identify improvement opportunities for improvement
Design reports to track KPIs around operational execution, strategy performance, collector performance, and changes to risk profile; summarize and present findings to senior management
Support and oversee operational activities related to capacity planning, collector incentive compensation and vendor relationships
Collaborate with servicing, data science, and product to produce better business outcomes
Mentor and develop junior team members into strong senior performers
Requirements:
Minimum 5-8 years of total experience in analytics, collections, or credit
A BS degree in a quantitative field such as Statistics, Econometrics, Decision Sciences, or Engineering (advanced degree preferred)
Exceptional Excel skills and hands-on experience programming in Python and SQL
Excellent people development and management soft skills
Experience taking analyses from raw data to polished recommendations and communicating complex, technical findings to broad audiences
Great analytical, critical thinking, and problem-solving abilities
Strong adaptability and capacity to work in fast-paced environments
Strong written and oral communication skills
Compensation: The role described above offers a base salary of $120,000 to $160,000. Your offer will be based on the alignment of your qualifications with the requirements of the job, location and internal equity. In addition to the above-mentioned salary, Total Rewards include a stock option package, and benefits as outlined below.
Benefits:
Robust Health Care Plans (Medical, Dental & Vision)
Generous Parental Leave
Up to 5 weeks time off (self-managed)
Retirement Plan (401k) with company match!
Educational Assistance/Tuition Reimbursement up to $3K/year
Life Insurance (Basic, Voluntary & AD&D)
Short Term / Long Term Disability
Robust Ancillary benefits including accident insurance, hospital insurance, etc
Gympass Wellness Benefit
Powersports Safety Benefit
Disclaimer: The above statements are intended to describe the general nature and level of work being performed by associates assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
Octane Lending is an equal opportunity employer committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status with respect to recruitment, hiring, promotion and other terms and conditions of employment.
#LI-JL#LI-Remote
Octane adds value throughout the customer journey: inspiring enthusiasts with our editorial brands, including Cycle World® and UTV Driver®, instantly prequalifying consumers for financing online, routing customers to dealerships for an easy closing, and supporting customers throughout their loan with superior loan servicing.
Founded in 2014, we’re a company with 550+ employees and over 30 OEM and 4,000 dealer partners.
We are hiring a talented and experienced Risk Manager to lead projects related to collections management and loss forecasting for Octane’s credit portfolio of nearly $2B. In this role, you will be responsible for designing and improving Octane’s approach to collections, short-term loss forecasting, stress testing, and performance management.
Responsibilities:
Develop collections strategy for multiple products to optimize loss mitigation and revenue recovery while minimizing operational costs for the business
Set up statistically sound A/B testing using a robust Design of Experiments (DOE) methodology to test various aspects of collection and recovery strategies
Develop and maintain short-term loss forecasting to support multiple use cases across the business
Identify the drivers of loss and deviations in estimation techniques and develop methodologies to improve estimates
Perform ad hoc analysis to understand collections risk performance trends and anomalies, and proactively identify improvement opportunities for improvement
Design reports to track KPIs around operational execution, strategy performance, collector performance, and changes to risk profile; summarize and present findings to senior management
Support and oversee operational activities related to capacity planning, collector incentive compensation and vendor relationships
Collaborate with servicing, data science, and product to produce better business outcomes
Mentor and develop junior team members into strong senior performers
Requirements:
Minimum 5-8 years of total experience in analytics, collections, or credit
A BS degree in a quantitative field such as Statistics, Econometrics, Decision Sciences, or Engineering (advanced degree preferred)
Exceptional Excel skills and hands-on experience programming in Python and SQL
Excellent people development and management soft skills
Experience taking analyses from raw data to polished recommendations and communicating complex, technical findings to broad audiences
Great analytical, critical thinking, and problem-solving abilities
Strong adaptability and capacity to work in fast-paced environments
Strong written and oral communication skills
Compensation: The role described above offers a base salary of $120,000 to $160,000. Your offer will be based on the alignment of your qualifications with the requirements of the job, location and internal equity. In addition to the above-mentioned salary, Total Rewards include a stock option package, and benefits as outlined below.
Benefits:
Robust Health Care Plans (Medical, Dental & Vision)
Generous Parental Leave
Up to 5 weeks time off (self-managed)
Retirement Plan (401k) with company match!
Educational Assistance/Tuition Reimbursement up to $3K/year
Life Insurance (Basic, Voluntary & AD&D)
Short Term / Long Term Disability
Robust Ancillary benefits including accident insurance, hospital insurance, etc
Gympass Wellness Benefit
Powersports Safety Benefit
Disclaimer: The above statements are intended to describe the general nature and level of work being performed by associates assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
Octane Lending is an equal opportunity employer committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status with respect to recruitment, hiring, promotion and other terms and conditions of employment.
#LI-JL#LI-Remote