Quality Assurance Specialist I
Octane is a Fintech company whose mission is to connect people with their passions. The transaction process for large purchases such as powersports, RVs, boats, and home improvements is slow and frustrating, but Octane is changing that through automated underwriting, innovative credit products, and financing through our in-house lender Roadrunner Financial. Octane reaches millions of enthusiasts through editorial brands like Cycle World and Cycle Volta and helps consumers buy their favorite products with instant, frictionless financing on Octane.co. Octane is revolutionizing lending in under-served verticals that account for tens of billions of dollars in annual transactions.
Octane is gaining traction quickly with customers, as evidenced by growth in originations through our platform of more than 2X year-over-year. Octane works with more than 3,500 merchants in the USA and offers promotional financing with low rates for 40 OEM brands. Because we’re the platform and the lender, we have both high growth and positive unit economics - rare for a fintech. We have raised more than $139M in venture capital from leading investors such as IA Ventures, Valar Ventures, and Contour Venture Partners, and our lending securities are rated AA by S&P.
As part of the Credit Operations team at Roadrunner Financial you will be immersed in the day-to-day operations of the deal closing process.
Specifically, you will:
- Perform daily audit functions supporting our credit and funding operations including but not limited to credit decisioning of credit applications and verification activities within loan processing in accordance with credit policy and procedure guidelines.
- Ensure accurate execution of credit policies and ensure compliance in accordance with the Fair Credit Reporting Act and other federal and state regulations, across multiple product lines and programs.
- Accurately record audit results in a clear and straightforward manner so management can understand and share results with team members.
- Identify trends of behavior on individual, pod, and organization levels.
- Provide feedback to management concerning possible problems or areas of improvement
Qualifications:
- High School Diploma or General Educational Development (GED) certificate
- At least 1+ years of audit experience in Loan Processing, Underwriting, or Funding, Automotive, RV, motorsports or consumer loan durable goods industries preferred.
- Demonstrated knowledge of Compliance requirements and Regulatory expectations, and process QA assessment
- Able to work well under pressure to meet daily and monthly goals.
- Excellent communication (oral and written), interpersonal and organizational skills.
- Energetic, flexible, empathetic, with a positive attitude.
- Be able to execute tasks using multiple tools at any given time: Salesforce, Slack, e-mail, Google Sheets, and proprietary LOS.
- Strong work ethic and high attention to detail.
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.
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.