Full-Time

Assistant Manager

Confirmed live in the last 24 hours

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Compensation Overview

$23 - $27Hourly

+ Additional Compensation Program

Junior, Mid

Lake Elsinore, CA, USA

On-site position.

Category
Customer Success Management
Inside Sales
Sales & Account Management
Requirements
  • HS Diploma/GED
  • Proven experience in achieving established business goals and objectives
  • Experience in financial services leadership
  • Current insurance licensure in state
Responsibilities
  • Deliver results related to individual and branch sales and collections 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 available
  • 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 closing loans, collections activities, complying with all laws and regulations
  • Assist in the training and coaching of Branch Team Members and provide interim leadership in Branch Manager absences

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

  • AI-driven credit scoring models can improve creditworthiness assessment and reduce defaults.
  • Digital lending platforms offer expansion opportunities to reach tech-savvy younger consumers.
  • Partnership with Pagaya enhances risk assessment and loan personalization through AI algorithms.

What critics are saying

  • Increased competition from fintechs offering lower rates could erode market share.
  • Rising interest rates may lead to higher default rates among lower credit score customers.
  • Class action lawsuit over Military Lending Act violations could incur legal costs and reputational damage.

What makes OneMain Financial unique

  • OneMain offers both secured and unsecured loans, catering to diverse financial needs.
  • The Springleaf Funding Trust securitization platform provides a steady capital stream.
  • Extensive branch network enhances customer-centric service and personalized financial solutions.

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