[Remote] Senior Forecasting Analytics Manager at Self Financial

Austin, Texas, United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

Bachelor’s degree in Engineering, Computer Science, Statistics, Economics, Finance, or similar fields
Advanced quantitative degree is preferred
7+ years experience in banking or consumer lending credit risk management
5+ years experience with credit analytics and/or loss forecasting
Experience with the sub-prime consumer segment is highly desirable
Experience using time series analysis, statistical modelling, machine learning, vintage curves, and roll rates to analyze loan performance
Deep familiarity with a range of credit performance metrics used in consumer lending
Highly proficient with analytical tools such as SQL, R, SAS, and Python
Proficiency with Microsoft Excel and/or Google Sheets is required
Familiarity with business intelligence tools like Tableau, Power BI, Domo, etc
Posses a basic understanding of the regulatory environment for consumer lending
Excellent writing, documentation and presentation skills
An innate curiosity about the way things work
Relentless persistence in solving problems

Responsibilities

Perform loss forecasting for credit cards, credit builder accounts, and other consumer lending product types
Assume ownership of the CECL reserve model and governance processes
Develop and refine forecasting techniques to project delinquency, roll rates, losses and recoveries to drive business planning and tracking
Preparation of regular portfolio review materials for the Credit Committee
Develop and maintain forecasts in support of servicing operations, such as credit bureau dispute volumes, contact activity, etc
Deliver timely analytical support for requests from finance, bank partners, and other external data requests
Conduct deep dives, stress testing, and sensitivity analyses of trends, issues, and business events to assess impact on portfolio performance
Partner with the Credit Strategy teams to explore new approaches, models, and data sources to support innovation in risk strategies
Review and approve monthly credit card revenue reports for reconciliation with bank partners
Participate in collaboration with the data team to design data sources and data structures to enable efficient and high integrity credit risk analytics
Develop vintage curves of activation, utilization, losses, etc. for card unit economics modeling

Self Financial

Online platform for credit score improvement

About Self Financial

Self Financial helps individuals build or rebuild their credit scores through online services and a mobile app. Their main products are Credit Builder Loans and the Self Credit Card. A Credit Builder Loan is a small loan that is secured in a certificate of deposit (CD), where monthly payments are reported to credit bureaus to help establish a positive credit history. Once the loan is paid off, the borrower can access the funds in the CD, turning payments into savings. The Self Credit Card requires an upfront deposit and also reports monthly payments to credit bureaus. Unlike traditional credit unions, Self Financial operates entirely online, making it accessible to tech-savvy users and those without access to conventional banking. The goal of Self Financial is to help clients improve their credit scores, enabling them to qualify for loans and other financial products while generating revenue through fees associated with their services.

Austin, TexasHeadquarters

2015Year Founded

$124.1MTotal Funding

SERIES_ECompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Company Equity in the form of RSUs

Quarterly performance-based bonuses

Generous employer-paid health, vision, & dental insurance coverage

Flexible vacation policy

Educational assistance

Free gym membership

Casual dress code

Team building events and activities

Remote work arrangements/ flexible work schedule

Paid parental leave

Risks

Competition from traditional banks offering similar services could erode market share.

High outbound migration from high-tax states may affect customer base in those regions.

Integration challenges from RentTrack acquisition could impact service delivery and satisfaction.

Differentiation

Self Financial offers online credit-building tools, appealing to tech-savvy consumers.

The company provides unique services like reporting rent payments to credit bureaus.

Self Financial's Credit Builder Loan turns loan payments into savings, differentiating it from competitors.

Upsides

Increased consumer interest in credit-building tools expands Self Financial's potential customer base.

Partnership with Regions Bank enhances customer acquisition through expanded credit reporting services.

Appointment of CEO Julie Szudarek could drive strategic growth and expansion.

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