Best Egg is the leading financial confidence platform that provides flexible solutions to real-life challenges for people with limited savings. We leverage real-time customer insights and data science to connect more people with the right products for their financial needs. Our offers include a growing suite of products such as personal loans, a credit card, and flexible rent, which are complemented by a suite of financial health tools to help customers make smart financial decisions and stay on track, so they can be money confident no matter what life throws at them.
Our culture and values inspire our employees and customers to embrace Best Egg. We are committed to championing a culture of inclusiveness and diversity of thought, and we focus on providing a safe, flexible, and collaborative work environment. Our employees are encouraged to engage in creative problem solving, and we promote opportunities for growth and enrichment across the organization. If you are inspired by inspiring others, Best Egg is the place for you.
Best Egg promotes diversity and equal opportunity.
We are committed to building a team that represents a variety of backgrounds, perspectives, and skills. The more inclusive we are, the better we will grow.
The Senior Credit Strategy Analyst will be a critical member of the Credit team and will be responsible for using a combination of data and credit experience to optimize credit strategies for personal loans. Responsibilities include maximizing Underwriting, Pricing, Loan amount & Fee decisions across all acquisition channels, driving strategy improvement and innovation, monitoring of Champion/Challenger data while maintaining investor returns. This is a full time, permanent position with competitive benefits and upward mobility.
If you call yourself a self-starter who can work in any environment and enjoy every day bringing unique challenges and opportunities, then you will thrive in this role.
Duties & Responsibilities:
- This individual will be responsible for monitoring, refining and developing Credit strategies (including underwriting, pricing, loan amount & fees) for personal loans
- Create test/control champion/challenger tests and monitoring to inform future strategies
- Provide scenario analysis/create financial impact sizing/develop new strategy test case
- Perform ad-hoc analytics, create reporting and presentations
- Work across functional areas to drive overall growth, product enhancements, and improve web funnel conversion rates across all channels.
- Partner with Decision Science to define and develop Credit models and tools
- Maintain overall risk and return targets for investors particularly in a changing economic environment
Requirements:
- 5+ years experience in a similar analytical role
- Bachelor’s Degree in Statistics, Mathematics, Operational Research, Engineering, other quantitative major required; Master’s degree a plus
- Experience in financial industry, credit risk required; online lending, near-prime, sub-prime is a plus
- Must be proficient in Python or similar, SQL, and MS Excel
- Must be proficient in interpreting data using analytics, research methodologies, and statistical techniques
- Previous experience with Business Intelligence reporting (e.g. Tableau, PowerBI, etc) is desirable
- Excellent English written/verbal communication skills, critical thinking and interpersonal skills
- Highly independent and self-motivated to forming opinions that are supported by data.
- Strong knowledge of modeling tools and techniques and use in strategy
- Ability to understand competitive pressure, economic trends and their business impacts.
- High Energy with ability to work in a fast-paced environment
Leadership:
- Comfortable interacting and engaging with colleagues from all levels of management across all business units and third-party vendors
- Demonstrated technical leadership skills including self-direction, coaching and mentoring
- Highly motivated, well organized, capable of developing and executing business analysis and able to communicate status and results effectively
Culture:
- Ability to succeed within a cross-functional team emphasizing Collective Ownership in a fast-paced environment
- Ability to work effectively both independently and as a team member
- Be confident and willing to challenge status quo, but also willing to concede and execute other’s ideas when necessary
- Capable of teaching and learning from others to promote continuity of knowledge and personal development
- Cultivate good working relationships with other business units, particularly Marketing, Operations, and Finance
$115,000 - $130,000 a yearThis position is also eligible for an annual incentive bonus based on individual and company performance. Yearly incentive bonus target 20% of base salary.
Our Brand:
At Best Egg, we believe money should be accessible so people can reach their goals, live a fuller life, and feel pride in knowing they have taken control of their finances. For those who need extra money to achieve the progress they seek in life, Best Egg is the modern solution-minded finance provider that mixes decades of banking experience with smart technology and deep customer insight to create products designed for today’s borrower, so that people can establish a smoother financial path.
The egg symbolizes protection and a fresh start.
Employee Benefits
Best Egg offers many additional benefits for our employees, including (but not limited to):· Pre-tax and post-tax retirement savings plans with a competitive company matching program· Generous paid time-off plans including vacation, personal/sick time, paid short-- term and long-term disability leaves, paid parental leave, and paid company holidays · Multiple health care plans to choose from, including dental and vision options· Flexible Spending Plans for Health Care, Dependent Care, and Health Reimbursement Accounts· Company-paid benefits such as life insurance, wellness platforms, employee assistance programs, and Health Advocate programs· Other great discounted benefits include identity theft protection, pet insurance, fitness center reimbursements, and many more!#LI-REMOTEIn compliance with the CCPA, Best Egg is fully committed to handling the personal information and data of employees and job applications responsibly with respect and due care.
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