Responsible for developing the Company’s overall credit strategy and managing the aggregate risk of the credit portfolio. Oversees the credit portfolio with the objective of maintaining high-quality borrowing strategies, implementing risk-mitigation procedures, and maximizing profitability for the Company. Supervises all credit-related aspects of the company, including credit administration and Operations protocols where necessary.
Key Functional Areas of Responsibility
- Develop credit products through sound underwriting strategies and testing strategies to minimize time to market and maximize diversification of risk and profitability
- Establishes and manages underwriting policy for predicative decisioning of credit extension to maximize profitability
- Initiates, develops, and oversees the implementation of data-driven credit policies and procedures
- Works with Marketing and Finance to develop and execute on long-term goals maximizing profitability
- Lead and coach Credit and Operations Teams
- Oversees credit and collection policies, procedures, and processes ensuring appropriate mitigation of risks inherent in the credit portfolio
- Works closely with Legal to coordinate management of the collection process, recommending proper strategies to Management and the Board
- Responsible for the attainment of credit objectives, implementing a budget and the overall direction and operations of the Credit Department
- Oversees and provides active management of the Company’s credit analysis function
- Direct preparation and oversight of performance and reporting
- Recommends modifications that reflect developing risks, economic conditions and projections, and the competitive environment
- Ensure supporting business functions adhere to and maintain credit standards
- Primary liaison to examiners, loan review, internal and external auditors
- Participates in the development and implementation of the Company’s strategic objectives
- Develops and ensures maintenance of Company credit standards
- Develops and maintains an in-depth understanding of credit facility and loan structures, financial performance, collateral, documentation, industry trends, compliance with terms and conditions, and any other factors that impact the Company’s credit and risk exposure
Professional Skills & Qualifications
- Conveys a sense of urgency and drives issues to closure
- Maintains respectful, productive relationships, works across the organization to build value and effectively drives commitment
- Provides a clear vision for the business operation, maintains a long-term big-picture view, foresees obstacles and opportunities and generates breakthrough ideas
- Ensures ongoing connection between individual and organizational goals, provides regular feedback concerning goal achievement, develops teams and talent with diverse capabilities and networks talent to sustain and replenish resource pool
- Offers a free flow of information and communication throughout the organization (upward, downward, and across), listens actively and encourages and demonstrates open expression of ideas and opinions
- Demonstrated strong financial analytical skills and data-driven decisioning
- Solid working knowledge of budgeting and strategic planning
- Strong problem solving and consensus-building skills
- Outstanding ability to think creatively, strategically and identify and resolve problems
- Ability to clearly and effectively articulate thoughts and points
- High levels of integrity, autonomy, and self-motivation
- Effective verbal, written, and interpersonal communication skills
Experience
- Minimum of 7 years’ credit management experience in online lending, with at least 2 years in a VPC/CCO role
Job Type: Full-time
Education: Business, Accounting, Finance, Statistics or Economics Bachelor’s degree required, MBA preferred
Travel: Travel up to 25% may be required
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