Simplify Logo

Full-Time

VP/Director

Collections

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

$140k - $190kAnnually

+ Competitive Compensation Program

Senior, Expert

Charlotte, NC, USA + 1 more

More locations: New York, NY, USA

Hybrid role requiring in-office presence in Charlotte, NC and New York metropolitan area.

Category
Risk Management
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Bachelor’s Degree (required) or Advanced Degree (preferred) and 10+ years’ experience in analytics leadership roles with significant exposure to credit cards and fintechs
  • Deep knowledge and expertise of using analytical tools and techniques to drive business outcomes (preferred experience with credit cards and fintechs)
  • Knowledge of consumer-lending best practices, including the use of advanced statistical techniques and data sources
  • Experience in digital strategy across financial products and services
  • Strong communication, interpersonal and negotiation skills to gain trust and achieve business objectives
  • Ability to work in fast-paced ever-changing environment and the ability to juggle an array of tasks and individuals on tight timelines
  • Innovative and capable of developing a highly analytical approach to solving problems
Responsibilities
  • Develop and manage all aspects of card collection strategies including designing borrower assistance programs and communication strategies
  • Develop through analysis and strategic thinking key areas of opportunities across digital and phone engagement strategies and translate them into new capabilities
  • Partner with Product teams to optimize conversion and response to digital collection channels
  • Develop statistically sound test designs and dashboards to drive continuous improvement
  • Partner with Operations team to optimize capacity planning and increase the efficiency of operations
  • Develop and manage all aspects of card recovery strategies including debt sales

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 OneMain to meet diverse financial needs, such as debt consolidation and home improvements. Revenue is generated through interest and fees on loans, and the company also utilizes a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities, ensuring a steady flow of capital for further lending. OneMain distinguishes itself by focusing on customer-centric solutions, offering personalized financial support through its extensive branch network and online resources. The goal of OneMain Financial is to provide accessible financial solutions to clients across the U.S.

Company Stage

IPO

Total Funding

N/A

Headquarters

Baltimore, Maryland

Founded

N/A

Growth & Insights
Headcount

6 month growth

4%

1 year growth

0%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • OneMain's acquisition of Foursight Capital expands its reach into the auto lending market, diversifying its portfolio and growth opportunities.
  • The company's Build: Credit Fundamentals education program demonstrates a commitment to financial literacy, potentially fostering long-term customer loyalty.
  • Significant investments from firms like Adage Capital Partners and Benjamin F. Edwards & Company indicate strong market confidence in OneMain's business model and growth prospects.

What critics are saying

  • Facing a class action lawsuit over alleged Military Lending Act violations could damage OneMain's reputation and financial standing.
  • The competitive consumer lending market requires continuous innovation and adaptation to maintain market share.

What makes OneMain Financial unique

  • OneMain Financial specializes in serving nonprime consumers who often lack access to traditional banking services, setting it apart from many competitors.
  • The company's securitization platform, Springleaf Funding Trust, provides a unique method of capital generation through bundling and selling loans as securities.
  • OneMain's extensive branch network across 44 states enhances its customer-centric approach, offering personalized financial solutions both online and offline.

Help us improve and share your feedback! Did you find this helpful?