Manager/Senior Analytical Strategist, Risk Management - Secured Auto

Company: Oportun. Inc
Location: Irvine
Posted on: January 17, 2020

Job Description:

**POSITION MAY BE LOCATED REMOTELY WITH OCCASIONAL OFFICE VISITS IN IRVINE, CA, SAN FRANCISCO, CA, OR FRISCO, TX** ABOUT OPORTUN Oportun is a mission-driven, technology-powered provider of inclusive, affordable financial services and a certified Community Development Financial Institution (CDFI). We seek to serve the 100 million people in the US who are shut out of the financial mainstream because they are credit invisible or are mis-scored because they have limited credit history. By lending money to hardworking, low-to-moderate income individuals, we help them move forward in their lives, demonstrate their creditworthiness, and establish the credit history they need to access new opportunities. Since 2006, we have lent over $6.8 billion through over 3.1 million affordable small dollar loans and have helped over 730,000 people start establishing credit. In recognition of inventive approach, we were recognized by Time Magazine as one of 50 Genius Companies inventing the future. The Bay Area News Group recognized Oportun as a Top Workplace in 2019. Come and be a part of our community of employees, partners, and customers who are devoted to expanding financial opportunity for millions. When we work together, we can make life better.

• Bachelor's Degree in Economics, Finance, Engineering, Mathematics, or other analytical discipline
• 3+ years of experience in an analytic role, preferably in the financial services industry. Highly talented recent college graduates will also be considered (Masters Degree in a quantitative discipline is a plus)
• Exceptional problem solving and analytical skills with the ability to maintain the highest standard of integrity, accuracy and precision
• Solid Microsoft Excel and PowerPoint skills
• Foundational knowledge and understanding of statistical concepts
• Strong SQL/SAS skills and experience with other programming language a plus (R, Python, STATA, Matlab, etc)
• Excellent written and oral communication skills (Spanish language is a plus)
• A relentless problem solver and out of the box thinker in finding ways to improve strategies and processes
• Smart, dedicated, compassionate, hungry, fun, and generally awesome personality SUMMARY: The Sr. Analytical Strategist/Manager of Risk Management helps manage credit policy and risk performance for Oportun's Installment loan and Secured Auto products. This role supports improving Oportun's core intellectual property leveraged in risk decisioning for underserved consumers that often lack a traditional credit bureau score. This is an exciting opportunity in a fast-paced organization where your contributions can have a meaningful impact on increasing access to Oportun's affordable, credit building loan product for consumers with little or no credit history. RESPONSIBILITIES:
  • Develop credit and pricing strategy to support the launch of Oportun's Secured Auto and Refinance product
  • Develop Underwriting and Pricing frameworks by leveraging Oportun's Unsecured portfolio and Auto industry data to determine loss estimates for Oportun's Auto products
  • Develop and maintain Valuation frameworks to determine profitability at the margin. Recommend changes to risk strategies to maximize profitability and ensure required return on capital for all risk segments
  • Work in collaboration with other Oportun product teams (Installment loans, Credit cards) to develop an optimal multi-product credit strategy
  • Design and implement new tests to determine optimal loan size amount and term by risk segment. Optimize NPV of loan amount assignment strategy given a set of constraints and assumptions.
  • Closely monitor the credit performance of Oportun's loan portfolio adjusting risk strategies to ensure desired loss rates

Keywords: Oportun. Inc, Irvine , Manager/Senior Analytical Strategist, Risk Management - Secured Auto, Accounting, Auditing , Irvine, California