Mission Lane

Senior Business Manager, Underwriting Innovation Lead

United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Credit & LendingIndustries

Position Overview

  • Location Type: Remote
  • Employment Type: Full-time
  • Salary: Not specified

Mission Lane is revolutionizing access to credit to pave a clear way forward for millions of Americans on the path to financial success. By attracting top-tier talent and leveraging cutting-edge technology, we’re redefining consumer credit for the better. Sound like a mission you can get behind?

The Credit Team is responsible for matching prospective customers with the right product terms, owning the underwriting process throughout the lifetime of the customer, understanding lifetime value, and creating pathways to customer graduation all while staying true to our mission.

As an Underwriting Innovation Lead you will:

  • Create a strategy to evaluate and onboard alternate sources of data
  • Collaborate with cross functional teams to scale alternative data sources at Mission Lane
  • Create and execute strategies to increase customer permission rate for sensitive sources
  • Collaborate with data science partners to experiment with new data sources and build models that can add scale to models built on traditional data
  • Create a plan to test and rollout models in-market
  • Develop a roadmap that will help deliver critical models and capabilities derived from alternate data sources
  • Engage with senior management regularly to articulate the strategy and the opportunities of the program

Requirements

  • Proven ability to problem solve end-to-end: from framing the question and forming a hypothesis, to analyzing the data, to communicating and debating the answer with other stakeholders
  • Comfortable working with white space problems that require strategic thinking and structuring into smaller workable pieces
  • Familiarity with SQL, python, or other tools for data analysis
  • 7+ years of experience in a highly analytical role
  • Bachelor’s or Masters in Economics, Finance, Engineering, Mathematics, or similar quantitative field with record of strong academic performance

Preferred Qualifications

  • Experience doing analytical work with credit cards or other consumer lending products
  • Experience helping scale a business in a fast-paced startup environment
  • Expertise in SQL or Python

Application Instructions

  • Not specified

Company Information

Mission Lane is committed to ensuring our team members have balance in their lives. Our comprehensive benefits package provides the support you need to thrive at work and at home. We’re looking for people who have the courage to take on new challenges. If you need accommodations to perform at your highest potential throughout the application and/or interview process, don’t hesitate to reach out.

Skills

SQL
Python
Data analysis
Strategic thinking
Problem solving
Stakeholder 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.

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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