Full-Time

Account Management Strategy Associate

Confirmed live in the last 24 hours

Avant

Avant

501-1,000 employees

Online personal loans and credit cards

Fintech
Financial Services

Junior, Mid

Chicago, IL, USA

Requires proof of full vaccination against COVID-19 to work in or visit the Chicago office.

Category
Strategy Development
Strategy Research
Business Development
Sales & Account Management
Business & Strategy
Required Skills
Power BI
Python
R
SQL
Tableau
Looker
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • Bachelor's Degree in Business or quantitative field such as Finance, Economics, Physical Sciences, Math, Statistics, Engineering. Master is a plus
  • Experience with analyzing large datasets and ability to deliver insights and recommendations to executive leadership
  • Proficient with writing SQL queries, Python/R, Power BI, Tableau, Looker, Excel, and PowerPoint
  • 2+ years of experience in any analytics discipline. Experience in consumer finance, credit cards and personal loans preferred.
  • Strong analytical, problem solving, and critical thinking skills
  • Ability to initiate and drive projects to completion with minimal guidance
  • Intellectual curiosity and aptitude to pick up new technical skills and domain knowledge
  • An inquisitive, logical mindset with an attention to details- they matter!
  • Strong written and oral communication skills with both technical and non-technical audiences
Responsibilities
  • Develop customer segmentation models and design contact and treatment strategies (i.e. credit line increase/decrease, APR adjustment, overlimit authorization, etc.) by working with large, structured, and unstructured datasets.
  • Develop business cases, assess the impact and track the outcome of said strategies
  • Maintain and update the account management and credit policy and procedure to reflect the new strategy changes
  • Use quantitative and analytical techniques to balance customer and business impact of strategies, build financial models to foresee the long term strategy impact to business KPIs
  • Implement tests to drive strategy enhancement and optimization.
  • Design rich data visualizations to communicate complex ideas to business leaders and executives. Collaborate with key stakeholders across lines of business to improve, execute, and effectively communicate significant analyses that identify meaningful trends and opportunities across the business.
  • Prepare, analyze, and summarize various weekly, monthly, and periodic strategy results for use by various key stakeholders, creating reports, specifications, instructions, and flowcharts.
  • Assess and address issues to identify and implement improvements toward efficient account management and servicing operations.

Avant provides online lending services, focusing on personal loans and credit cards. Customers can apply for personal loans ranging from $2,000 to $35,000 and credit cards with limits between $300 and $1,000. The application process is entirely online, allowing for quick approvals and a transparent experience. Avant's loans come with interest rates between 9.95% and 35.99% APR, and the company earns revenue through these interest rates and associated fees. What sets Avant apart from competitors is its user-friendly application process, fast approval times, and strong customer support. The goal of Avant is to make borrowing more accessible and affordable, helping individuals secure the funds they need while also providing resources for financial education to assist in credit building.

Company Stage

Acquired

Total Funding

$757.8M

Headquarters

Chicago, Illinois

Founded

N/A

Growth & Insights
Headcount

6 month growth

-3%

1 year growth

-6%

2 year growth

-5%
Simplify Jobs

Simplify's Take

What believers are saying

  • Avant's recent $250 million funding from Ares Management provides significant capital for expansion and innovation.
  • The acquisition of ReadyForZero bolsters Avant's smart lending platform, potentially improving customer experience and operational efficiency.
  • Avant's strong year-over-year revenue growth of 96% in Q2 FY23 indicates robust financial health and promising growth prospects.

What critics are saying

  • The high interest rates, ranging from 9.95% to 35.99% APR, could deter potential customers and attract regulatory scrutiny.
  • The competitive landscape of online lending is fierce, with numerous fintech companies vying for market share, which could impact Avant's growth.

What makes Avant unique

  • Avant offers a fully online lending platform with fast approval times, setting it apart from traditional lenders who often have slower, more cumbersome processes.
  • The company's focus on transparency and not affecting credit scores during eligibility checks provides a user-friendly experience that builds trust with customers.
  • Avant's strategic partnerships, such as the co-branded MLS Forward Credit Card, enhance its market presence and diversify its product offerings.

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