Full-Time

Branch Manager

Posted on 9/10/2024

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Junior, Mid

Kissimmee, FL, USA

Category
Financial Planning and Analysis (FP&A)
Sales & Trading
Finance & Banking
Required Skills
Sales
Requirements
  • HS Diploma/GED
  • Leadership experience with coaching and leading a team
  • Proven experience with meeting sales goals
  • Ability to obtain insurance licensing within 6 months of start date where required
Responsibilities
  • Build an environment that is customer focused, ensuring all options are presented to for review in the lending process
  • Manage collection activities including consulting with customers on loan payments for past due accounts
  • Attract and develop high-quality and diverse talent
  • Coaches team members by providing actionable feedback and empower career growth
  • Drive branch performance by motivating team members while maintaining compliance with all policies and applicable laws
  • Uses strategic thinking to prioritize and resolve issues as they arise with speed and consistency
  • Must be able to travel locally for business development purposes

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.

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

INACTIVE