Full-Time

Consumer Loan Sales Specialist

Posted on 10/31/2024

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Entry, Junior

Manassas, VA, USA

Position requires onsite presence in Manassas, VA.

Category
Customer Success Management
Inside Sales
Sales & Account Management
Required Skills
Sales
Requirements
  • HS Diploma/GED
Responsibilities
  • Deliver results related to individual and branch sales goals as well as customer expectations
  • Develop new relationships – and maintain existing relationships - working with customers throughout the loan process and loan life cycle
  • Present financial solutions, based on customer needs, that meet their goals
  • Present customers with optional insurance products
  • Educate customers on the terms and conditions of their loan to ensure a clear understanding
  • Partner with local businesses to seek out and develop new customers
  • Learn how to utilize credit underwriting techniques and sales tools
  • Manage the life cycle of the loan, including collections activities, complying with all laws and regulations

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

  • Increased investments suggest growing interest in OneMain's digital lending capabilities.
  • Partnership with Pagaya could enhance AI-driven credit assessment tools.
  • Successful $1.9 billion debt issuance indicates strong investor confidence.

What critics are saying

  • Class action lawsuit could lead to significant legal costs and reputational damage.
  • Executive stock sales might indicate lack of confidence in future performance.
  • Reliance on third-party technology platforms poses potential risks.

What makes OneMain Financial unique

  • OneMain specializes in personal loans for clients with lower credit scores.
  • The company offers both secured and unsecured loans, providing financial flexibility.
  • OneMain's Springleaf Funding Trust securitizes loans, ensuring steady capital flow.

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