Sr. Director of Credit Strategy

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.

Duties & Responsibilities

• Develop underwriting credit risk strategies for credit card products in acquisition and portfolio management to optimize profitability, improve revenue, minimize credit losses, and improve customer lifetime value.
• Design credit policies and drive credit strategies for portfolio management for inactive account closures, retention, and authorizations of card transactions.
• Build new decisioning infrastructure leveraging external credit bureaus and internal data to advance segmentation techniques and predictive models for consumer lending programs such as credit line increases or decreases and, balance transfers, and pricing.
• Design champion/challenger tests and monitoring and evaluate test results and recommend credit policy changes.
• Develop benchmarking analysis and quantitative optimization frameworks for portfolio assessment including evaluation of credit risk, financial performance, and P&Ls.
• Analyze credit strategies performance and credit score effectiveness, MIS, and performance trends.
• Communicate performance strategies evaluation to stakeholders, senior management, and regulators.
• Maintain overall risk and return targets for investors particularly in a changing economic environment.
• Lead a team of analysts and partner with Decision Science, Marketing, Finance, Operations, Technology, Compliance, Legal, and other functional teams to achieve credit strategy goals.
  
  

Requirements

• Bachelor’s degree in Statistics, Mathematics, Operational Research, an Engineering discipline, Management Information Systems, or related quantitative field; OR Master’s degree in Business (MBA), Accounting, Finance, Economics, or related field.
• 7+ years of experience as a Senior Manager, (Credit) Analysis Manager, or related position.
• The required seven (7) years of experience must have involved experience with SAS, R, or Python, and statistical modeling in the consumer lending or credit card industry using predictive modeling methods such as logical regression, survival analysis, and machine learning method.
• May telecommute from within the United States.
  
  

$215,000 - $215,000 a year

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!

In 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. Review our CCPA Employee Policy here