Full-Time
Senior Loan Operations Analyst
Hybrid
Posted on 11/6/2024
Enova
1,001-5,000 employees
Online financial services and credit solutions
Compensation Overview
$22Hourly
Senior
No H1B Sponsorship
Denver, CO, USA
Hybrid position.
- Strong verbal and written communication skills
- Demonstrated capability to independently identify and resolve issues, especially in situations where priorities may change rapidly or multiple tasks require attention simultaneously.
- Proficiency in using relevant software and technology platforms for data entry, document management, and communication
- Ability to adapt to evolving processes, regulatory changes, and the dynamic nature of the lending industry.
- Thoroughly analyze bank statements provided by loan applicants to verify their authenticity, accuracy, and positive cash flow trends
- Identify any missing components or information and prioritize follow-up communication to key stakeholders to gather the necessary documentation.
- Validate all documentation to ensure strict adherence to Know Your Customer (KYC) and Customer Identification Program (CIP) policies and procedures
- Collaborate closely with underwriters, and other internal teams to facilitate a seamless loan origination process
- Maintain a high standard of data accuracy and integrity in all loan-related processes
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 with lower credit scores who may struggle to obtain financing from traditional banks. Enova differentiates itself by targeting underserved markets, addressing the financial needs of those who often face rejection from larger financial institutions. The company aims to empower hardworking individuals and small businesses by providing trustworthy credit options. Additionally, Enova partners with traditional banks to enhance their lending capabilities, leveraging its technology to reach a wider audience.
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!