Full-Time

Account Manager

Posted on 9/9/2024

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Entry, Junior

West Valley City, UT, USA

Onsite position in West Valley City, UT with no hybrid or remote opportunities.

Category
Customer Success Management
Sales & Account Management
Required Skills
Customer Service
Requirements
  • Customer Service: 1 year
  • High School Diploma or GED required.
  • Interpersonal skills promoting a team environment.
  • Six (6) months office experience or equivalent education and training.
  • Working knowledge of Microsoft Office Suite, including Excel and Word
  • Exceptional customer service skills.
  • Outstanding phone and negotiation skills.
Responsibilities
  • Reviews and monitors delinquent accounts daily and maintains losses at or below established guidelines for assigned job duties.
  • Collects debt with empathy, and customer situations in mind.
  • Properly and accurately documents all account activities Initiates contact with customers in an effort to satisfy any deficient balances.
  • Makes recommendations to management of accounts needing additional attention.
  • Maintaining a positive and mutually beneficial cohesion within your team.
  • May assist other related departments as required by business needs.
  • Ensures compliance with Foursight's policies & procedures as well as state and federal regulations.
  • Other duties as assigned.

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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