OCTANE
Senior Risk Analyst, Loss Forecasting
OCTANE, New York, New York, us, 10261
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 seeking a bright and resourceful Senior Risk Analyst to join the Credit Strategy team at Octane. In this role you will establish credit strategies in-line with our risk appetite and provide oversight and strategic direction on the recreational vehicle portfolio.
An ideal candidate for this role will analyze proprietary and external loan origination data to optimize loss forecasting methodology and process in supporting the profitability of the portfolio. We value a candidate with strong problem solving/critical thinking skills who can clearly articulate key ideas and present to management across the firm. As a critical member of the credit strategy team, the candidate will have the opportunity to make an impactful contribution to the direction and success of the business.
Responsibilities
Develop methodology/model to forecast credit losses to support multiple areas across the business, including Risk, Finance and Capital MarketsAnalyze the key drivers of credit losses and forecast variances, and identify opportunities to improve the existing methodologyStress test the credit portfolio to understand the impact of changing economic, credit, and business conditionsPerform various ad-hoc analytics to provide insights to management and build analytical tools to inform strategic business decisionsPartner with technology to automate reporting and analytics tools by providing business requirementsPrepare and present materials to senior management and other firmwide stakeholders, adapting messages to different audiencesMaintain comprehensive documentation for loss forecasting policyRequirements
A B.S. degree in a quantitative field such as statistics, econometrics or engineering (advanced degree a plus)Strong overall understanding of consumer credit and lendingMinimum 3+ years of experience in performing credit analysis,including hands-on experience with Python or SQL and Excel modelingExperience with data visualization tools such as Tableau/ Power BI highly preferredExperience analyzing complex loan/transaction level data to formulate insightful conclusions and present key findings to broad audiencesStrong written and oral communication skillsCompensation:
The role described above offers a base salary of $90,000 to $115,000. 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 LeaveUp to 5 weeks time off (self-managed)Retirement Plan (401k) with company match!Educational Assistance/Tuition Reimbursement up to $3K/yearLife Insurance (Basic, Voluntary & AD&D)Short Term / Long Term DisabilityRobust Ancillary benefits including accident insurance, hospital insurance, etc.Gympass wellness benefitPowersports Safety Benefit
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-JL1
#LI-Hybrid
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 seeking a bright and resourceful Senior Risk Analyst to join the Credit Strategy team at Octane. In this role you will establish credit strategies in-line with our risk appetite and provide oversight and strategic direction on the recreational vehicle portfolio.
An ideal candidate for this role will analyze proprietary and external loan origination data to optimize loss forecasting methodology and process in supporting the profitability of the portfolio. We value a candidate with strong problem solving/critical thinking skills who can clearly articulate key ideas and present to management across the firm. As a critical member of the credit strategy team, the candidate will have the opportunity to make an impactful contribution to the direction and success of the business.
Responsibilities
Develop methodology/model to forecast credit losses to support multiple areas across the business, including Risk, Finance and Capital MarketsAnalyze the key drivers of credit losses and forecast variances, and identify opportunities to improve the existing methodologyStress test the credit portfolio to understand the impact of changing economic, credit, and business conditionsPerform various ad-hoc analytics to provide insights to management and build analytical tools to inform strategic business decisionsPartner with technology to automate reporting and analytics tools by providing business requirementsPrepare and present materials to senior management and other firmwide stakeholders, adapting messages to different audiencesMaintain comprehensive documentation for loss forecasting policyRequirements
A B.S. degree in a quantitative field such as statistics, econometrics or engineering (advanced degree a plus)Strong overall understanding of consumer credit and lendingMinimum 3+ years of experience in performing credit analysis,including hands-on experience with Python or SQL and Excel modelingExperience with data visualization tools such as Tableau/ Power BI highly preferredExperience analyzing complex loan/transaction level data to formulate insightful conclusions and present key findings to broad audiencesStrong written and oral communication skillsCompensation:
The role described above offers a base salary of $90,000 to $115,000. 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 LeaveUp to 5 weeks time off (self-managed)Retirement Plan (401k) with company match!Educational Assistance/Tuition Reimbursement up to $3K/yearLife Insurance (Basic, Voluntary & AD&D)Short Term / Long Term DisabilityRobust Ancillary benefits including accident insurance, hospital insurance, etc.Gympass wellness benefitPowersports Safety Benefit
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-JL1
#LI-Hybrid