Full-Time

Branch Manager

Posted on 10/2/2024

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Mid, Senior

Simpsonville, KY, USA

Must be able to travel locally for business development purposes.

Category
Customer Success Management
Inside Sales
Sales & Account Management
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 specializes in providing personal loans to individuals, especially those with lower credit scores who may not have access to traditional banking. The company offers both secured loans, which require collateral, and unsecured loans, catering to various financial needs like debt consolidation and home improvements. OneMain generates revenue through interest and fees on these loans and utilizes a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities. The goal of OneMain is to offer accessible financial solutions tailored to its customers through 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