Mission Lane

Credit Manager - Loss Forecasting & Analytics

United States

Mission Lane Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, CreditIndustries

Requirements

Candidates should possess a Bachelor’s or Master’s degree in Economics, Finance, Engineering, Mathematics, or a similar quantitative field, demonstrating strong academic performance, and have 4-7 years of experience in a highly analytical role. Familiarity with SQL, Python, or other data analysis tools is required, along with experience in analytical work with credit cards or other consumer lending products, and experience helping scale a business in a fast-paced startup environment.

Responsibilities

As a Credit Manager, the individual will lead the loss and revenue forecasting and analytics for financial planning and strategic insight, leveraging existing models and developing new ones to improve forecast accuracy. They will analyze portfolio performance, set up a key risks framework to highlight weaknesses, implement both hypothesis driven and hypothesis free monitoring, and collaborate with partner teams (data science, finance, credit) to implement hypothesis free monitoring and socialize insights. The role involves regularly communicating with senior management to present findings from key risks monitoring and financial forecasts, ultimately driving capital allocation and portfolio profitability.

Skills

Loss Forecasting
Analytics
Financial Planning
Strategic Insight
Modeling
Data Science
Credit Risk
Portfolio Performance
Scenario Modeling
Data Analysis
Communication

Mission Lane

Provides transparent credit solutions and education

About Mission Lane

Mission Lane LLC offers credit cards designed to help individuals build or rebuild their credit, particularly those with limited credit history or financial setbacks. Their products feature no hidden fees, no security deposits, and instant approval decisions, making them more accessible than traditional credit cards. The company stands out by providing free access to credit scores and educational resources, helping clients improve their creditworthiness. Mission Lane's goal is to promote responsible credit use by rewarding good financial behavior with higher credit limits over time.

Key Metrics

Richmond, VirginiaHeadquarters
2018Year Founded
$687.8MTotal Funding
LATE_VCCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees

Benefits

Full health, dental, and vision benefits
FSA
Paid parental leave
401k with company match
Generous PTO
Flexible work schedule

Risks

Increased competition from fintechs could erode Mission Lane's market share.
Economic downturns may lead to higher default rates, impacting profitability.
Rapid tech advancements require continuous updates, straining Mission Lane's resources.

Differentiation

Mission Lane offers credit cards with no hidden fees or security deposits.
Instant credit card application decisions reduce customer anxiety and waiting times.
Partnership with Plaid enhances access to over 7,000 financial apps and services.

Upsides

Recent $150 million investment supports aggressive expansion and product development.
Credit Builder Account offers unique value with no fees or interest for credit improvement.
Brandon Black's appointment as CEO brings strategic growth and operational excellence.

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