Job Title: Risk Analyst, Collections
Reports To: VP, Risk Collections Strategy Analysis
FLSA Status: Exempt
Department:Risk
JOB SUMMARY:
Responsible for analyzing collections data, identifying trends, and developing data-driven strategies to enhance recovery efforts and mitigate risk exposure. This position monitors portfolio performance, optimizes collection strategies, and collaborates with cross-functional teams to drive operational efficiency and compliance. Advanced analytics are leveraged to support decision-making, improve processes, and ensure adherence to industry regulations and company policies.
ESSENTIAL JOB FUNCTIONS:
- Analyze collections data to identify trends, risks, and opportunities for process improvement.
- Develop and refine collection strategies to optimize recovery and reduce charge-offs.
- Conduct comprehensive data analysis using tools such as Excel, SQL, and data visualization platforms (e.g., Tableau) to provide actionable insights.
- Monitor and assess portfolio performance, delinquency trends, and overall risk exposure.
- Collaborate with collections teams to implement data-driven decision-making processes.
- Perform root-cause analysis on payment defaults and recommend proactive solutions.
- Ensure compliance with applicable laws, regulations, and company policies in all collections activities.
- Create reports and dashboards to effectively communicate insights to leadership and key stakeholders.
- Work closely with risk management and compliance teams to assess and mitigate operational risks.
- Assist in developing and refining predictive models for default risk and customer repayment behavior.
- Support automation and technology initiatives to enhance efficiency in collections operations.
- Develop and maintain performance tracking dashboards to provide visibility into key performance indicators (KPIs) for operations and risk teams.
- Evaluate diverse data sources, including credit bureau data, customer behavior insights, and alternative datasets, to enhance collection strategies.
- Stay informed about industry trends, regulatory developments, and best practices in collections and risk management.
MINIMUM QUALIFICATIONS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the minimum knowledge, skill, and/or ability required.
- Bachelor's degree in finance, economics, statistics, computer engineering, or a related field, preferred.
- 1-2 years of experience years of relevant experience in data analysis, risk management, or financial services, preferred (internships or project work in these areas will be considered).
- Proficiency in Excel and SQL; experience with Python, R, or other programming languages is a plus.
- Familiarity with data visualization tools (e.g., Tableau, Power BI) preferred.
COMPETENCIES:
- Customer Service: Exceptional attitude and a passion for providing outstanding service to internal customers.
- Attention to Detail: Thoroughness in accomplishing a task through concern for all the areas involved, no matter how small. Monitors and checks work or information and plans and organizes time and resources efficiently
- Analytical Skills: Collects and researches data; Designs workflows and procedures; Identifies data relationships and dependencies.
- Communications: Exhibits good listening and comprehension. Expresses ideas and thoughts in verbal and written form. Keeps others adequately informed. Selects and uses appropriate communication methods.
- Problem Solving: Resolves issues quickly and effectively.
- Relationship Management: Manages interactions to service and support the organization; establishes credibility with all interactions.
- Teamwork: Contributes to building a positive team spirit. Exhibits objectivity and openness to others' views.
SUPERVISORY RESPONSIBILITY
None
PHYSICAL DEMANDS
While performing the duties of this job, the employee is regularly required to stand, walk, reach and sit for a minimum of 8 hours with or without reasonable accommodation. The employee is required to use hands to finger, handle, or feel objects and/or tools. The employee is required to talk or hear with or without reasonable accommodation and must sometimes lift and move up to 10 pounds.
WORK ENVIRONMENT
While performing the logistics duties of this job, the employee is frequently exposed to moderate noises such as computers, printers, and other light traffic noise in an office setting.
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change or be supplemented at any time with or without notice.
