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
- Analyze the key drivers of credit losses and forecast variances, and identify opportunities to improve the existing methodology
- Act as a liaison across multiple teams including Risk, Collections, Finance and Capital Markets on credit loss expectations
- Prepare and present materials to senior management and other firmwide stakeholders, adapting messages to different audiences
- Provide inputs and partner with the Decision Science team to develop a predictive loan loss model
- Perform various ad-hoc analytics to provide insights to management and build analytical tools to inform strategic business decisions
- Partner with technology to automate reporting and analytics tools by providing business requirements
Requirements
- B.S. degree in a quantitative field such as statistics, econometrics or engineering (advanced degree a plus)
- Strong overall understanding of consumer lending and key credit risk concepts
- Minimum 3+ years of experience in performing credit analysis with a primary focus on direct consumer loans
- Hands-on experience with SQL and Excel modeling (experience with Python a plus)
- Strong written and oral communication skills with ability to articulate key findings to senior members of the organization
- Strong problem-solving skills with experience analyzing complex loan/transaction level data to draw insightful conclusions
- Experience with data visualization tools such as Tableau/ Power BI highly preferred
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
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
