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Financial Loan Analyst – Credit / Fraud Services

Posted By:
Thomas Birdsell
Posting ID:
Wichita, Ks
 quanitative   sas 
Category:IT / MIS / Networks
Listing Type:Job
Employment:Full Time

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Headquartered in Wichita Kansas, Client is a rapidly growing provider of consumer financial services. Since opening their first store in 1997 in Riverside, California, they have successfully expanded to nine states and eighty-two retail locations. Client is currently the leading small short term lender in the brick and mortar store market place in terms of top line revenue and bottom line profitability. In the last 12 months Client has also developed and is rapidly expanding an online loan businesses with intentions of achieving superior market share in this space in the next 24 months.

This role will assist the Director Analyst developing, implementing and monitoring loan approval models that will result in increased acceptance rates and lower default rates of our various consumer loan products. The objective of the role will ensure development, implementation, monitoring of client’s credit risk strategies to help manage and grow the loan portfolio by optimizing values of each loan application and customer. The business operates in “test and learn” culture, where for each of our key credit risk decisions you will assist the new Director Analyst to help develop challenger strategies, rolling out successful strategies to champion status, pulling unsuccessful ones quickly and helping develop new challengers.

To help realize the client’s objectives, this Lead Analyst role will have a vital part to play. The role will be challenging on the Credit side of scorecard development, but also, rewarding from being mentored by the Director Analyst to fully support deliverables to individual business units’ Risk Data Management teams, with the aim to make all risks transparent and understood. Various responsibilities starting in Business and Finance and ending in Information Technology. Assist in the Start Up, Launch, and, Enhancements of new product development to meet loan regulatory and compliance requirements for new Internet Lending Practice. Web originated loan underwriting will be an eLoan / Web 2.0 consumer lending product. Work extensively with client’s Lead Credit Analyst, to assist in their own critical Credit ScoreCard development - From Chief Internet Officer’s desk :

"Put another way, consumer lending companies are becoming much more interested in understanding their customers’ lives and psyches, because, the theory goes, knowing what makes cardholders tick will help firms determine who is a good bet and who should be shown the door as quickly as possible. Luckily for the industry, small groups of executives at most of the large firms like ours, have spent the last decade studying our customers from almost every angle, and collection agencies have developed more sophisticated dunning techniques. We have sought to draw psychological and behavioral lessons from the enormous amounts of data the credit- lending companies collect every day. They’ve run thousands of tests and crunched the numbers on millions of accounts. "

NO Remote, or, Telecommute
Must be a US Citizen, or, have a Green Card

Salary : To 90K Plus - D.O.E.
Relocation : Available
Permanent position in the Midwest :
Wichita - Ranked 2 as most "Livable Communities" for its size, and more recently, one of ten “All American Cities”

• Lead Analyst will develop, build and deploy various statistical models used for loan loss minimization, loss forecasting, and other targeted analysis.
• Provide direct support to the Lead Analyst in the evaluation and analysis of all consumer credit risk.
• Analyze portfolio level information to identify and monitor key risk factors and develop proposed solutions. Perform ad-hoc analysis of consumer portfolios.
• Report and analyze characteristics of the Consumer Credit lines of business in relation to policies, guidelines and processes.
• Deliver portfolio analysis and performance metrics as well as create insight into new areas of concern or benefit for the portfolio.
• Monitor and evaluate problem loan statistics. Ensure that appropriate reporting of activity is occurring consistent with company policy.
• Identify and communicate to the Lead Analyst potential policy and or operational improvements that will enhance credit quality.
• Deliver requests tasked for Credit Scoring add-ons from the Lead Analyst
• Deliver requests tasked for Test Validity of statistical results from Lead Analyst
• 2+ years experience with combined online consumer lending and sub-prime risk analysis, or other high volume data intensive environments (i.e. marketing /web analytics). Previous experience with a high online transaction volume environment is highly considered.
• 2+ years experience working with Microsoft SQL Server and SQL Reporting Services, BI Tools Suite, combined with strong analytical skills in their previous experience working with large volumes of transactional data.
• Sufficient hands-on experience in Quantitative Analytics.
• Sufficient hands-on experience in SAS, SQL / Excel. Hands-on Data Aggregator experience also preferred.
• Some understanding of consumer finance industry. Sub-prime and non-secured loans a plus.
• Demonstrated ability to interpret data from intensive, fast paced tasking requests.
• Demonstrated ability to work with significant volumes of data in various formats and databases.
• Demonstrated ability to learn and understand various applications and business intelligence/database tools.
• Knowledge of credit report attributes and non-traditional data attributes preferred.
• Knowledge in logistic regression, CHAID and decision trees strongly preferred.
• Knowledge of data mining and reporting, default modeling, and loan portfolio analytics strongly recommended
• Excellent critical thinking, analytical, verbal and written communication skills.
• Degree in Economics, Statistics Mathematics, Finance, Operations Research, Computer Science or other related areas.

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