Simplify Logo

Full-Time

Senior Risk Analyst

Loss Forecasting

Confirmed live in the last 24 hours

Octane

Octane

201-500 employees

Provides financing for powersports vehicles

Automotive & Transportation
Financial Services

Compensation Overview

$90k - $115kAnnually

+ Stock Option Package

Mid, Senior

New York, NY, USA

This is a hybrid position requiring some in-office presence.

Category
Risk Management
Finance & Banking
Required Skills
Python
Communications
SQL
Tableau
Data Analysis
Requirements
  • A B.S. degree in a quantitative field such as statistics, econometrics or engineering (advanced degree a plus)
  • Strong overall understanding of consumer credit and lending
  • Minimum 3+ years of experience in performing credit analysis, including hands-on experience with Python or SQL and Excel modeling
  • Experience with data visualization tools such as Tableau/ Power BI highly preferred
  • Experience analyzing complex loan/transaction level data to formulate insightful conclusions and present key findings to broad audiences
  • Strong written and oral communication skills
Responsibilities
  • Develop methodology/model to forecast credit losses to support multiple areas across the business, including Risk, Finance and Capital Markets
  • Analyze the key drivers of credit losses and forecast variances, and identify opportunities to improve the existing methodology
  • Stress test the credit portfolio to understand the impact of changing economic, credit, and business conditions
  • Perform various ad-hoc analytics to provide insights to management and build analytical tools to inform strategic business decisions
  • Partner with technology to automate reporting and analytics tools by providing business requirements
  • Prepare and present materials to senior management and other firmwide stakeholders, adapting messages to different audiences
  • Maintain comprehensive documentation for loss forecasting policy

Octane is an excellent place to work for those interested in the fusion of finance and advanced technology. The company specializes in instant financing for powersports vehicles and outdoor power equipment, employing cutting-edge technology and sophisticated risk strategies to enhance the digital buying experience. Employees at Octane thrive in an environment that values innovative approaches to lending and customer service, positioning themselves at the forefront of digital financial services in a niche market.

Company Stage

Series E

Total Funding

$896.5M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

1%

1 year growth

3%

2 year growth

-6%
Simplify Jobs

Simplify's Take

What believers are saying

  • Octane's strategic agreements with major brands like Kawasaki expand its market reach and offer competitive financing options.
  • Winning the 'Consumer Lending Innovation Award' highlights Octane's leadership and innovation in the fintech space.
  • The company's continuous growth in asset-backed securitizations, totaling over $3.7 billion, indicates strong financial health and growth potential.

What critics are saying

  • The niche focus on powersports and recreational vehicles may limit market opportunities compared to broader fintech companies.
  • Dependence on asset-backed securitizations for funding could pose risks if market conditions change or investor interest wanes.

What makes Octane unique

  • Octane's focus on the powersports and recreational vehicle market sets it apart from other fintech companies that target broader consumer lending sectors.
  • The company's robust asset-backed securitization program, with multiple AAA-rated transactions, demonstrates financial stability and investor confidence.
  • Octane's innovative tools like Dealer Portal 2.0 and Prequal Flex provide unique, industry-first functionalities that enhance the dealer and customer experience.