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Risk Analyst, Collections Strategy

Irving, Texas, United States; New York, New York, United States

Octane® is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience. We connect people with their passions by combining cutting-edge technology and innovative risk strategies to make lifestyle purchases - like powersports vehicles, RVs, and OPE - fast, easy, and accessible.

Octane adds value throughout the customer journey: inspiring enthusiasts with our editorial brands, including Cycle World® and UTV Driver®, instantly prequalifying consumers for financing online, routing customers to dealerships for an easy closing, and supporting customers throughout their loan with superior loan servicing.

Founded in 2014, we’re a company with 550+ employees and over 30 OEM and 4,000 dealer partners.

Octane is currently seeking a bright and resourceful Risk Analyst to join the Collections Strategy team at Octane. This position will be responsible for developing collection strategies for multiple products. You will get to work cross-functionally with several departments to work towards business goals. This individual will put their data analytics skills to work by identifying key drivers of loss and deviations in estimation techniques and determine opportunities for successful improvement. This role is open to a hybrid schedule in our NYC or Dallas location.

Specifically, you will:

  • Develop collections strategy for multiple products to optimize loss mitigation and revenue recovery while minimizing operational costs for the business.
  • Perform data analytics to identify drivers of loss and deviations in estimation techniques and proactively identify improvement opportunities.
  • Design reports to track KPIs around operational execution, strategy performance, collector performance, and changes to the risk profile.
  • Assist in the development of business insights and communicate proposals to senior management.
  • Work cross-functionally with servicing, data science, and products to produce better business outcomes.
  • Manage and maintain collection policy documentation and program tracking. 

Requirements:

  • A BS degree in a quantitative field such as statistics, econometrics, decision sciences, or engineering (advanced degree preferred)
  • Good overall understanding of consumer credit and lending  
  • 2+ years of experience in risk management at a financial institution, comparable experience in an analytical environment, or related Master’s degree with 1+ years of related experience
  • Hands-on programming experience with SQL, Python, or other languages preferred 
  • Self-starter who thrives on autonomy
  • Comfort working with large datasets
  • Strong written and oral communication skills

Compensation:

The role described above offers a base salary of $90,000 to $100,000.  Your offer will be based on the alignment of your qualifications with the requirements of the job, location and internal equity. In addition to the above-mentioned salary, Total Rewards include a corporate bonus program, stock option package, and benefits as outlined below.

Benefits:

  • Robust Health Care Plans (Medical, Dental & Vision)
  • Generous Parental Leave
  • Flexible Time-Off (FTO)
  • Retirement Plan (401k) with company match!
  • Educational Assistance/Tuition Reimbursement up to $3K/year
  • Life Insurance (Basic, Voluntary & AD&D)
  • Short Term / Long Term Disability
  • Robust Ancillary benefits including accident insurance, hospital insurance, etc
  • Wellhub (Gympass) Wellness Benefit
  • Powersports Safety Benefit


Octane Lending is an equal opportunity employer committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status with respect to recruitment, hiring, promotion and other terms and conditions of employment.

Disclaimer: The above statements are intended to describe the general nature and level of work being performed by associates assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

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