Full-Time
Deputy Head of Business
S&O
Confirmed live in the last 24 hours
Enova
1,001-5,000 employees
Online financial services and credit solutions
Mid
No H1B Sponsorship
Chicago, IL, USA
Hybrid role requires in-office presence from Tuesday to Thursday.
- Bachelor's or Master's degree in Engineering, Business, Finance or a related field.
- 3 or more years of leadership experience, preferably in product line operations or finance, and the ability to collaborate and motivate teams to achieve targets and exceed expectations.
- Strong financial acumen and understanding of financial statements, budgeting, forecasting, and financial analysis.
- Excellent analytical and problem-solving skills, with the ability to translate data into actionable insights and support decision-making.
- Demonstrated ability to contribute to the development and execution of strategic plans that drive revenue growth and improve profitability.
- Results-oriented mindset with a focus on delivering measurable outcomes and driving continuous improvement.
- Supporting the P&L Leader in developing a comprehensive product line strategy and collaborating with our marketing, operations, finance and other teams to ensure its execution.
- Assist in financial forecasting and budgeting to ensure accurate financial planning and provide insights for strategic decision-making.
- Analyze market trends, customer needs, and competitor activities to identify areas for revenue growth and develop actionable plans.
- Drive initiatives to foster a culture of compliance, establish clear policies and procedures, and implement effective monitoring and auditing.
- Monitoring and analyzing key performance indicators (KPIs) for our operations team and financial metrics to track business performance, identify trends, and implement corrective actions when necessary.
- Collaborate with the P&L Leader in leading and mentoring a team, providing guidance, performance feedback, and fostering a culture of continuous improvement.
- Strong communication skills with the ability to present to and influence senior level stakeholders by storytelling through data that effectively communicates strategic operations solutions.
Enova provides online financial services, focusing on accessible credit solutions for non-prime consumers and small businesses. Their platform uses machine learning to evaluate creditworthiness, allowing them to offer quick and reliable loans to individuals who may struggle to obtain financing from traditional banks. Enova differentiates itself by targeting underserved markets, addressing the needs of those who often face rejection from larger financial institutions. The company aims to empower hardworking individuals and businesses by providing trustworthy credit options. Additionally, Enova partners with traditional banks to enhance their lending capabilities, further expanding their reach and impact in the financial sector.
Company Stage
IPO
Total Funding
$400M
Headquarters
Chicago, Illinois
Founded
2004
6 month growth
↑ 1%1 year growth
↑ 4%2 year growth
↑ 21%
Simplify's Take
What believers are saying
- Enova's record lending volume and solid credit performance indicate strong market demand and effective risk management.
- The company's consistent revenue growth and profitability, as evidenced by a 26% increase in total revenue in Q1 2024, highlight its robust financial health.
- Recognition as one of Computerworld's Best Places to Work in IT for 11 consecutive years underscores a positive and supportive work environment.
What critics are saying
- Rising charge-offs, although still below pre-pandemic levels, could indicate potential future credit risk issues.
- Dependence on machine learning models for credit risk management may pose challenges if these models fail to adapt to changing market conditions.
What makes Enova unique
- Enova leverages a machine learning-powered platform to offer accessible credit solutions specifically to non-prime consumers and small businesses, a niche often underserved by traditional banks.
- Their collaboration with traditional banks to enhance credit offerings sets them apart from other fintech companies that operate independently.
- Enova's diversified income stream from personal loans, small business loans, and lines of credit ensures financial stability and resilience.
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Benefits
Advance your career - We have a dedicated training team focused on giving you the tools you need to succeed within your department, within the company and in your career. The focus starts day one with a robust onboarding program and continues throughout your career at Enova.
See the benefits - Full-time employees receive medical, dental and vision benefits; matching 401(k); PTO; commuter benefits; flexible spending accounts for health care and dependent daycare; and more!
Be recognized - There’s plenty of room for both lateral and upward movement here at Enova. We’re always interested in promoting from within, and we keep a lookout for top talent who are ready to advance.
Get your perks - Full-time employees can receive tuition reimbursement, one-month paid sabbatical after four years, discounted massages, manicures and other perks.
Give back - We work throughout the year to partner with local charities and assist our neighbors in need. We also offer a charitable match program — allowing team members to double their impact when they donate money to charity.
Have fun - We like challenges here; maybe that’s why we have so many games, competitions and outings. There are a number of ways you can scratch your competitive itch and have fun!