Full-Time

VP/MD Collections Strategy

Confirmed live in the last 24 hours

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Senior, Expert

Wilmington, DE, USA

Hybrid position requiring some in-office days.

Category
Quality Control & Compliance
Supply Chain Management
Operations & Logistics
Required Skills
Data Analysis

You match the following OneMain Financial's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor’s Degree
  • 8+ years of experience in financial services - including Credit Card and installment loans.
  • 5+ years of leadership experience, building and prioritizing teams and objectives based on company strategy.
  • 2+ years external vendor management, oversight experience
Responsibilities
  • Partner with multiple Analytics Teams, Finance Partners, Product owners and Operations leaders to deliver on OMF Net Credit Loss and Expense results Develop and execute the operational strategy aligned with the company’s business goals.
  • Collaborate with senior leadership to ensure the collection operations support overall company strategy.
  • Change Champion for collections operations across all products working with Analytics and Insights team to ensure adoption and execution of testing plans.
  • Implement and monitor key performance indicators (KPIs) to track and improve operational performance.
  • Monitor incentive programs and goal setting across all collection’s businesses. Challenge current metrics.
  • Drive Dialer and SMS execution of daily campaigns.
  • Lead, mentor, and develop operational leaders, ensuring they have the necessary resources and guidance to manage their teams effectively.
  • Foster a culture of continuous improvement and operational excellence across the teams.
  • Collaborate with finance teams to ensure accurate forecasting, budgeting, and financial reporting related to collection operations.
  • Drive cost management initiatives and ensure operations are within budgetary constraints.
  • Optimize site and resources strategy including use of vendors.
  • Ensure that all collection activities comply with relevant regulations, company policies, and industry best practices.
  • Identify, assess, and mitigate risks associated with collection operations.
  • Identify and implement process improvements to enhance efficiency, reduce costs, and improve customer outcomes.
  • Lead initiatives to automate and streamline collection processes where appropriate.
  • Collaborate with IT and innovation teams to leverage technology in enhancing collection processes and systems.
  • Stay abreast of industry trends and emerging technologies to drive innovation in collection operations.
  • Ensure that collection practices are customer-centric, balancing the need for recovery with maintaining positive customer relationships.
  • Lead initiatives to improve the customer experience within the collections process.

OneMain Financial specializes in providing personal loans to individuals, especially those with lower credit scores who may not have access to traditional banking. They offer both secured loans, which require collateral, and unsecured loans, catering to various financial needs like debt consolidation and home improvements. The company generates revenue through interest and fees, and it also utilizes a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities. OneMain's goal is to provide accessible financial solutions through a customer-centric approach, supported by a wide branch network and online resources.

Company Size

5,001-10,000

Company Stage

IPO

Total Funding

N/A

Headquarters

Baltimore, Maryland

Founded

1912

Simplify Jobs

Simplify's Take

What believers are saying

  • AI-driven credit scoring models can reduce default rates and improve loan approvals.
  • Partnership with Pagaya enhances OneMain's lending capabilities and market reach.
  • Blockchain technology offers opportunities for secure and transparent loan processing.

What critics are saying

  • Increased competition from fintechs could erode OneMain's market share.
  • Rising interest rates may lead to higher default rates among nonprime borrowers.
  • Regulatory scrutiny on high-interest loans could reduce profitability for OneMain.

What makes OneMain Financial unique

  • OneMain specializes in serving nonprime consumers with limited access to traditional credit.
  • The company offers both secured and unsecured loans, catering to diverse financial needs.
  • OneMain's Springleaf Funding Trust securitization platform provides a steady capital stream.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Tuition Reimbursement

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Volunteer Time

Company News

PR Newswire
Feb 6th, 2025
Onemain Holdings To Present At Bank Of America Securities 2025 Financial Services Conference

NEW YORK, Feb. 6, 2025 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, announced today that Doug Shulman, Chairman and CEO, will present at the Bank of America Securities 2025 Financial Services Conference at 11:20 a.m. Eastern on Wednesday, February 12.Webcast InformationThe general public is invited to listen to the live audio webcast through the Investor Relations section of OneMain's website at http://investor.onemainfinancial.com .About OneMain Holdings, Inc.OneMain Financial (NYSE: OMF) is the leader in offering nonprime consumers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. We empower our customers to solve today's problems and reach a better financial future through personalized solutions across 47 states, available online and in 1,300 locations. OneMain is committed to making a positive impact on the people and the communities we serve

PR Newswire
Jan 31st, 2025
Onemain Holdings, Inc. Reports Fourth Quarter 2024 Results

4Q 2024 Diluted EPS of $1.05. 4Q 2024 CI adjusted diluted EPS of $1.16. 4Q 2024 Managed receivables of $24.7 billion

PR Newswire
Jan 10th, 2025
Onemain Holdings Announces Date Of Fourth Quarter 2024 Earnings Release And Conference Call

NEW YORK, Jan. 10, 2025 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, plans to report its fourth quarter 2024 results before the market opens on Friday, January 31, 2025. The earnings release will be available on OneMain's investor relations website at http://investor.onemainfinancial.com .A conference call to discuss the company's results, outlook and related matters will be held that morning at 9:00 a.m. Eastern. The general public is invited to listen to the call by dialing 800-451-7724 (U.S

MarketBeat
Jan 7th, 2025
Range Financial Group LLC Invests $1.85 Million in OneMain Holdings, Inc. (NYSE:OMF)

Range Financial Group LLC invests $1.85 million in OneMain Holdings, Inc. (NYSE:OMF).

MarketBeat
Nov 28th, 2024
Quantbot Technologies LP Invests $2.57 Million in OneMain Holdings, Inc. (NYSE:OMF)

Quantbot Technologies LP invests $2.57 million in OneMain Holdings, Inc. (NYSE:OMF).