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Full-Time

Manager – Credit Pricing Analytics

Posted on 9/10/2024

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Senior

Wilmington, DE, USA

Hybrid position requiring in-office presence.

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Python
R
SQL
MATLAB
Oracle
Data Analysis
Requirements
  • Bachelor’s Degree (Graduate a plus) required; preferably in a quantitative discipline such as Engineering, Statistics, Economics, Data Analytics or Computer Science
  • 5+ years of direct experience
  • Strong SQL, SAS, Excel skills required; experience with multiple types of relational databases and/or querying languages is a plus such as R, Hive Python, Oracle, Unix are desired
  • Innovative and capable of developing a highly analytical approach to solving problems
  • Experience driving projects and presenting to senior management on results and ideas
Responsibilities
  • Develop strong understanding of OMF customer, credit pricing, and business outcomes
  • Develop and execute on business requirements to implement credit/business strategies to improve our lending portfolio
  • Create end-to-end project plans, including design, execution, and testing to ensure projects function as intended with intended business outcomes
  • Utilize data query tools (i.e., R, SAS, SQL, MATLAB, Python) and/or other analytical techniques and software to develop, test and execute analyses and reporting
  • Effectively prioritize competing initiatives and share with senior leadership tradeoffs and constraints across various projects
  • Partner with business leaders and different teams to define priorities, align resources, and communicate progress to executive leadership

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%
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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.
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