Sr. Manager, Loss Forecasting
We are building a world-class team of fun, entrepreneurial risk managers who want to innovate, truly help people, and build a great company. Be part of the team responsible for developing and enhancing Oportun's overall collections and customer engagement strategy. In this role you will drive improved efficiency while enhancing overall customer experience by leveraging advanced data analytics to segment Oportun's customer base to determine the optimal engagement strategy. This is an exciting opportunity in a fast-paced organization where your contributions can have a meaningful impact on driving efficiency and customer satisfaction. Overview The Manager of Loss Forecasting is responsible for forecasting delinquencies and credit losses for Oportun's portfolio. This highly visible role is instrumental in ensuring Oportun continues to meet its credit quality objectives, as wells as in setting the loss expectations for Fair Value. The Manager of Loss Forecasting works cross functionally with Risk Strategy Collections, and Financial Planning to improve forecasting accuracy and ensure the loss forecast reflects strategic changes in the business. Responsibilities Forecast delinquencies and losses for various forecasting purposes (e.g., business planning, fair value, etc.) using forecasting models for Oportun's consumer lending portfolios; communicate forecasting results along with assumptions and trends/changes in key drivers to executive management Develop and implement loss forecasting models. Monitor model performance on an ongoing basis Monitor and adjust assumptions used by model to ensure forecast accurately reflects changing trends Report and interpret variances between different forecasts and variances between forecast and actual Perform documentation and other controls in forecasting processes Respond to internal/external auditors and/or regulators for audited or regulated forecasting processes Manage cross functional communications with Risk Management, Collections and Financial Planning to incorporate strategic initiatives into forecast Support Collections team in setting performance goals and planning staffing and expenses by providing delinquency and loss forecast Support ad-hoc forecasting or analytical requests Qualifications Bachelor's Degree in Engineering, Mathematics, Statistics, Economics, Finance, or other analytical discipline. Master's degree preferred 4
years of experience in a loss forecasting, modeling/data science or analytics role in the credit risk space in the financial services industry Advanced Python, SAS and SQL (or similar language) programming skills. Advanced Microsoft Excel and PowerPoint skills Exceptional problem solving and analytical skills with the ability to maintain the highest standard of integrity, accuracy and precision Excellent written and oral communication skills Ability to work in a fast-paced environment and meet tight deadlines
Salary Range:
$80K -- $100K
Minimum Qualification
Risk & Quantitative AnalysisEstimated Salary: $20 to $28 per hour based on qualifications.
years of experience in a loss forecasting, modeling/data science or analytics role in the credit risk space in the financial services industry Advanced Python, SAS and SQL (or similar language) programming skills. Advanced Microsoft Excel and PowerPoint skills Exceptional problem solving and analytical skills with the ability to maintain the highest standard of integrity, accuracy and precision Excellent written and oral communication skills Ability to work in a fast-paced environment and meet tight deadlines
Salary Range:
$80K -- $100K
Minimum Qualification
Risk & Quantitative AnalysisEstimated Salary: $20 to $28 per hour based on qualifications.
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