Credit Manager - Loss Forecasting & Analytics
Mission LaneSalary not specified
- Full Time
- Mid-level (3 to 4 years), Senior (5 to 8 years)
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries
Requirements
Candidates should possess at least 7 years of experience developing data-driven credit strategies for loans or credit cards, leveraging risk models, rules, and multiple data sources. They must have at least 1 year of experience in leading and mentoring team members, along with strong analytical skills utilizing SQL and Python for data analysis. Experience in risk analytics, segmentation, and statistical modeling (decision trees, gradient boosting models) is required, as is familiarity with Business Intelligence tools such as Looker or Tableau. Strong knowledge of credit risk management within lending products, including P&L impact evaluation, and willingness to travel to the Oakland office monthly are also necessary.
Responsibilities
As the Senior Credit Risk Manager, Student Loans, the individual will develop and optimize credit strategies for pre-screening, underwriting, risk tiering, loan amount assignment, and verifications to drive business growth while managing risk. They will lead champion-challenger testing to optimize underwriting strategies, collaborate with Data Science team to develop new machine-learning risk models, monitor credit portfolio performance and identify areas for improvement, ensuring continuous enhancement and optimization, and work cross-functionally with Business, Capital Markets, Marketing, Product, Engineering, and Finance teams to implement strategies that align with Earnest’s risk appetite and business goals. Furthermore, they will manage regulatory and audit compliance by providing analytical support for internal audits and regulatory reviews, and lead, support, and develop junior team members while managing multiple projects.
Skills
Credit strategies
Underwriting
Risk modeling
Machine learning
Portfolio monitoring
Regulatory compliance
Data analysis
Cross-functional collaboration
Team leadership
Earnest
Provides low-interest student and personal loans
About Earnest
Earnest provides financial services focused on student loan refinancing, private student loans, and personal loans. The company uses advanced data analysis and underwriting software to assess each client's financial situation, allowing them to offer low-interest rates tailored to individual needs. Clients can select flexible repayment plans that suit their financial circumstances, making it easier to manage their debt. Unlike many competitors, Earnest continuously adjusts its rates based on market conditions to remain competitive. The goal of Earnest is to help financially responsible individuals effectively manage their educational and personal debt.
Key Metrics
San Francisco, CaliforniaHeadquarters
2013Year Founded
$123.5MTotal Funding
ACQUISITIONCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees