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Full-Time

Senior Manager

Collections Risk Strategy

Confirmed live in the last 24 hours

Octane

Octane

201-500 employees

Provides financing for powersports vehicles

Automotive & Transportation
Financial Services

Compensation Overview

$120k - $160kAnnually

+ Stock Options

Senior, Expert

Remote in USA

Category
Risk Management
Finance & Banking
Required Skills
Python
Communications
Data Science
SQL
Data Analysis
Requirements
  • Minimum 5-8 years of total experience in analytics, collections, or credit
  • A BS degree in a quantitative field such as Statistics, Econometrics, Decision Sciences, or Engineering (advanced degree preferred)
  • Exceptional Excel skills and hands-on experience programming in Python and SQL
  • Excellent people development and management soft skills
  • Experience taking analyses from raw data to polished recommendations and communicating complex, technical findings to broad audiences
  • Great analytical, critical thinking, and problem-solving abilities
  • Strong adaptability and capacity to work in fast-paced environments
  • Strong written and oral communication skills
Responsibilities
  • Develop collections strategy for multiple products to optimize loss mitigation and revenue recovery while minimizing operational costs for the business
  • Set up statistically sound A/B testing using a robust Design of Experiments (DOE) methodology to test various aspects of collection and recovery strategies
  • Develop and maintain short-term loss forecasting to support multiple use cases across the business
  • Identify the drivers of loss and deviations in estimation techniques and develop methodologies to improve estimates
  • Perform ad hoc analysis to understand collections risk performance trends and anomalies, and proactively identify improvement opportunities for improvement
  • Design reports to track KPIs around operational execution, strategy performance, collector performance, and changes to risk profile; summarize and present findings to senior management
  • Support and oversee operational activities related to capacity planning, collector incentive compensation and vendor relationships
  • Collaborate with servicing, data science, and product to produce better business outcomes
  • Mentor and develop junior team members into strong senior performers

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

3%

1 year growth

3%

2 year growth

-6%
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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.