Senior Manager, Loss Forecasting (Analytics)

Oportun

Oportun

Data Science
India · Remote
Posted on Friday, April 5, 2024

ABOUT OPORTUN

Oportun (Nasdaq: OPRT) is a digital banking platform that puts its 2.2 million members' financial goals within reach. With intelligent borrowing and savings, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $17.8 billion in responsible and affordable credit, saved its members more than $2.3 billion in interest and fees, and helped our members save an average of more than $1,800 annually. For more information, visit Oportun.com.

WORKING AT OPORTUN


Working at Oportun means enjoying a differentiated experience of being part of a team that fosters a diverse, equitable and inclusive culture where we all feel a sense of belonging and are encouraged to share our perspectives. This inclusive culture is directly connected to our organization's performance and ability to fulfill our mission of delivering affordable credit to those left out of the financial mainstream. We celebrate and nurture our inclusive culture through our employee resource groups.

POSITION SUMMARY

The Senior Manager of Loss Forecasting is responsible for forecasting delinquencies and credit losses for Oportun’s portfolio. This highly visible role is instrumental in ensuring Oportun continues to meet its credit quality objectives. The Senior Manager of Loss Forecasting works cross functionally with Risk Strategy Collections, and Financial Planning to improve forecasting accuracy and ensure the loss forecast reflects strategic changes in the business.

RESPONSIBILITIES

  • Forecast delinquencies and losses for various forecasting purposes (e.g., business planning, fair value, etc.) using forecasting models for Oportun’s consumer lending portfolios; communicate forecasting results along with assumptions and trends/changes in key drivers to executive management.
  • Develop and implement loss forecasting models. Monitor model performance on an ongoing basis.
  • Monitor and adjust assumptions used by model to ensure forecast accurately reflects changing trends.
  • Report and interpret variances between different forecasts and variances between forecast and actual.
  • Perform documentation and other controls in forecasting processes.
  • Respond to internal/external auditors and/or regulators for audited or regulated forecasting processes.
  • Manage cross functional communications with Risk Management, Capital Market, Collection and Financial Planning to incorporate strategic initiatives into forecast.
  • Support Collections team in setting performance goals and planning staffing and expenses by providing delinquency and loss forecast.
  • Support ad-hoc forecasting or analytical requests.
  • Mentor, lead, motivate and care for members of your analytics team

REQUIREMENTS

  • Bachelor’s Degree in Engineering, Mathematics, Statistics, Economics, Finance, or other analytical discipline. Master’s degree preferred.
  • 6+ years of experience in a loss forecasting, modeling/data science or analytics role in the credit risk space in the financial services industry.
  • 2+ years of experience managing a team of analysts.
  • Advanced Python, SQL and SAS (or similar language) programming skills
  • Advanced Microsoft Excel and PowerPoint skills.
  • Exceptional problem solving and analytical skills with the ability to maintain the highest standard of integrity, accuracy, and precision.
  • Excellent written and oral communication skills.
  • Ability to work in a fast-paced environment and meet tight deadlines.

We are proud to be an Equal Opportunity Employer and consider all qualified applicants for employment opportunities without regard to race, age, color, religion, gender, national origin, disability, sexual orientation, veteran status or any other category protected by the laws or regulations in the locations where we operate.

California applicants can find a copy of Oportun's CCPA Notice here: https://oportun.com/privacy/california-privacy-notice/.

We will never request personal identifiable information (bank, credit card, etc.) before you are hired. We do not charge you for pre-employment fees such as background checks, training, or equipment. If you think you have been a victim of fraud by someone posing as us, please report your experience to the FBI’s Internet Crime Complaint Center (IC3).