Octane is a Fintech company whose mission is to connect people with their passions. The $21B powersports market is fast and fun, but the purchasing process is slow and frustrating. Octane is changing that through automated underwriting, innovative credit products, and financing through our in-house lender Roadrunner Financial. Octane reaches millions of riders through editorial brands like CycleWorld.com and helps consumers buy their favorite vehicles with instant, frictionless financing on Octane.co

Octane is gaining traction quickly with customers, as evidenced by growth in originations through our platform of more than 3X year-over-year. Octane works with more than 3,500 dealers in the USA,provides financing coverage for most major powersports makes, 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 $138M in venture capital from leading investors such as IA Ventures, Valar Ventures, and Contour Venture Partners.

We are seeking a bright and resourceful credit strategy manager to join the Credit Strategy team at Octane. The Credit Strategy team is responsible for monitoring the credit portfolio and optimizing yield on a risk-adjusted basis. An ideal candidate for this role can leverage their existing quantitative skills in a fast paced, high growth and innovative environment where they will have ownership and autonomy over the problems they solve. They have a scientific mindset and is excited to run the experiments that will further optimize our loan portfolio. Lastly, they are a structured thinker who can methodically explain their analysis to senior leaders in the risk organization.

Specifically, you will manage the creation, implementation and validation of various risk strategies including but not limited to risk segmentation, exposure management and pricing. Lead in optimizing strategies to underwrite consumer loan programs within risk and business constraints and maximize for financial return.

• Analyze our credit portfolio to find sources of incremental yield, mitigate excess risk, and optimize for value.
• Design and monitor key credit KPIs to provide insights into the credit lifecycle.
• Forecast loss and performance under varied credit and economic conditions.
• Perform detailed analysis and interpret information to make recommendations to senior management on critical strategies.
• Effectively works cross-functionally with teams outside of risk.

Requirements

• Bachelor’s degree, ideally in a quantitative field such as applied math, statistics, econometrics, or engineering. MBA or Master’s Degree in a related field is preferred.
• Minimum three years of experience in credit strategy, credit policy or credit risk management in financial services industry
• Self-starter who thrives on autonomy
• Comfort working with large datasets and strong analytical skills
• Hands-on programming experience with SQL, Python, or other languages
• Strong written and verbal communication and presentation skills.
• Strong interpersonal skills in order to lead and implement ideas in a cross-functional team environment.

Benefits

• Robust Health Care Plans (Medical, Dental & Vision)
• Up to 5 weeks PTO (self-managed)
• Generous Parental Leave
• Retirement Plan (401k) with Company contribution
• Educational Assistance/Tuition Reimbursement up to $3K/year
• Powersports Safety Benefit: reimbursement of up to $500/year for the purchase of any powersports safety equipment
• Life Insurance (Basic, Voluntary & AD&D)
• Short Term / Long Term Disability & Life insurance
• Team Activities (remotely)
• Monthly company gift

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

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