Full-Time

Consumer Loan Sales Specialist

Posted on 11/25/2024

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Compensation Overview

$17 - $20Hourly

+ Additional Compensation Program

Entry, Junior

Rochester, NY, USA

Position requires onsite presence.

Category
Inside Sales
Sales & Account Management
Required Skills
Sales
Customer Service
Requirements
  • HS Diploma/GED
  • Sales, Collections or Customer Service experience
  • Bilingual - Spanish
Responsibilities
  • Deliver results related to individual and branch sales goals as well as customer expectations
  • Develop new relationships – and maintain existing relationships - working with customers throughout the loan process and loan life cycle
  • Present financial solutions, based on customer needs, that meet their goals
  • Present customers with optional insurance products
  • Educate customers on the terms and conditions of their loan to ensure a clear understanding
  • Learn how to utilize credit underwriting techniques and sales tools
  • Manage the life cycle of the loan, including collections activities, complying with all laws and regulations

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 customers to address different financial needs, such as debt consolidation or home improvements. OneMain generates revenue through interest and fees on these loans and has a securitization platform called Springleaf Funding Trust, which enables it to bundle and sell loans as securities to investors. This process helps OneMain maintain a steady flow of capital for lending. Additionally, the company offers other financial products, including insurance and credit information, to better serve its customers. OneMain's goal is to provide accessible financial solutions tailored to the needs of its clients, supported by a strong branch network and online resources.

Company Stage

IPO

Total Funding

N/A

Headquarters

Baltimore, Maryland

Founded

1912

Growth & Insights
Headcount

6 month growth

4%

1 year growth

0%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for digital lending platforms aligns with OneMain's customer-centric approach.
  • AI-driven credit scoring models can improve OneMain's risk assessment and loan approvals.
  • Partnerships with fintechs can enhance OneMain's customer service and operational efficiency.

What critics are saying

  • Increased competition from fintechs may erode OneMain's market share.
  • Class action lawsuit over Military Lending Act violations poses legal and reputational risks.
  • Recent executive share sales might indicate concerns about OneMain's future performance.

What makes OneMain Financial unique

  • OneMain specializes in personal loans for individuals with lower credit scores.
  • The company offers both secured and unsecured loans, providing flexibility to customers.
  • OneMain's securitization platform, Springleaf Funding Trust, enhances its capital funding capabilities.

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