Full-Time

Operations Support Representative

Posted on 11/20/2024

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Junior

Evansville, IN, USA

Category
Supply Chain Management
Operations & Logistics

You match the following OneMain Financial's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • High School Diploma or GED required; additional training preferred
  • 1 (One) or more year(s) in financial services
  • Basic knowledge of Microsoft Office
  • Organizational skills
  • Detail orientation
  • Flexibility
  • Time management skills
  • Knowledge of systems and primary job functions
  • Knowledge and understanding of policies and procedures
  • Collaboration & multitasking skills
Responsibilities
  • Review and process account transactions
  • Learn about automobile titles and liens.
  • Learn about insurance products and insurance claims.
  • Take inbound calls from insurance companies impound yards and various departments
  • Contacting outside companies via telephone regarding automobiles.
  • Communicate with various departments and branches.
  • Reporting monthly data to management
  • Ensuring assigned tasks are completed in a timely and accurate manner
  • Ensuring compliance, operational risk controls in accordance with regulatory standards, and policies
  • Maintaining a positive workplace environment

OneMain Financial provides personal loans to individuals, particularly those who may not qualify for traditional banking services due to lower credit scores or financial challenges. The company offers both secured loans, which require collateral like a car or home, and unsecured loans that do not. This variety allows OneMain to meet diverse financial needs, such as debt consolidation and home improvements. Revenue is generated through interest and fees on loans, and the company also utilizes a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities, ensuring a steady flow of capital for further lending. OneMain distinguishes itself from competitors by focusing on personalized financial solutions and maintaining a strong presence with numerous branches across the U.S. The goal of OneMain Financial is to provide accessible financial options to clients, helping them improve their financial situations.

Company Stage

IPO

Total Funding

N/A

Headquarters

Baltimore, Maryland

Founded

1912

Simplify Jobs

Simplify's Take

What believers are saying

  • AI-driven credit scoring models improve loan approval processes for nonprime borrowers.
  • Partnerships with fintechs offer opportunities to integrate advanced technologies and expand services.
  • The resurgence in securitization interest boosts OneMain's Springleaf Funding Trust platform.

What critics are saying

  • Increased competition from fintechs may erode OneMain's market share.
  • Rising interest rates could lead to higher default rates among nonprime borrowers.
  • Executive share sales and board member resignation may indicate internal instability.

What makes OneMain Financial unique

  • OneMain specializes in serving nonprime borrowers with limited access to traditional banking.
  • The company offers both secured and unsecured loans, catering to diverse financial needs.
  • OneMain's Springleaf Funding Trust platform enhances capital flow through loan securitization.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Tuition Reimbursement

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Volunteer Time

INACTIVE