Looking for candidate with underwriting stragety - credit risk experience with strong hands-on SAS & SQL experience.
This position will manage a team responsible for the full life-cycle of all Private Credit underwriting strategies. Strong technical, data mining, and analytical skills are required to analyze vast amounts of data, organize findings and communicate findings to senior management. This position will perform complex analyses and interpret reporting, analyses and P&L's to ensure judgmental lending activities and new products and strategies are creating the projected risk/reward trade-off. Through this analysis, this individual will develop recommendations and be required to achieve consensus for recommended strategy and policy changes and play a thorough leadership role in the implementation of such changes. The scope of responsibilities include: achieve the company's credit quality and portfolio profitability objectives by bringing focus to poor performing accounts, strategies and programs and ensuring their improvement or elimination; conduct regular meetings with senior management to review and discuss findings and recommend business process and strategy changes as appropriate; update analyses on an ongoing basis to ensure relevance and usefulness; continue to enhance reporting environment in order to better connect portfolio performance to prior underwriting decisions; and evaluate general portfolio management strategies to develop, adapt, modify or streamline the current strategies.
Specific Job Responsibilities:
1. Judgmental Strategy development and monitoring
i. Thoroughly analyze existing judgmental referral strategies to understand current performance and impact to portfolio quality and profitability
ii. Utilizing historical performances, develop new judgmental referral strategic initiatives, and achieve consensus from Senior Management on recommended changes
iii. Work closely on the implementation of strategy changes and monitor performance on an on-going basis to ensure expected results are achieved
iv. Manage judgmental referral strategies to align with seasonality of application volume and quality
v. Perform ad hoc analyses and quickly respond to key business questions.
2. Automated Strategy development and monitoring
i. Thoroughly analyze existing automated decisioning strategies to understand current performance and impact to portfolio quality and profitability
ii. Utilizing historical performances, develop new automated decisioning strategic initiatives, and achieve consensus from Senior Management on recommended changes
iii. Work closely on the implementation of strategy changes and monitor performance on an on-going basis to ensure expected results are achieved
iv. Perform ad hoc analyses and quickly respond to key business questions.
3. Control and Compliance
i. Ensure the department operates within control and compliance, receiving a "satisfactory" or better rating on all company audits.
ii. Maintain 100% compliance with corporate strategy sign-off requirements. Publish validation results for all strategies that include test vs. control results and other relevant tracking.
iii. Ensure Strategy Libraries are kept up to date including strategy logs, strategy sign-off documents, presentations, strategy reviews and reports.
iv. Ensure all actions arising from audits are attended to within the originally agreed timeframe.
4. Personnel Management
a. Develop team members to achieve required goals and improve individual performance.
Required Qualifications:
*Bachelor' degree in Computer Science, Finance or other quantitative major preferred
* 8+ years of credit risk management or financial analysis experience
* Strong communication and leadership skills
* Proven client relationship skills
* Demonstrated analytical ability with previous project experience
* Strong PC Skills including prior programming experience with SAS, SQL, HTML, VB, and BI tools such as MS Reporting Services; HTML preferred as means for developing automation and distribution tools
* Familiarity with financial models
* 2-3 years of previous management experience
Preferred Qualifications:
* Proven lending expertise
* Demonstrated ability to manage projects and balance conflicting priorities
Knowledge, Skills and Abilities:
* Strong interpersonal / communication skills and the ability to work with all levels of management throughout Sales, Marketing, Finance and other business areas to develop, enhance, and implement credit and pricing strategies.
* Strong problem solving & conceptual thinking abilities.
* Relevant experience in developing and implementing reporting packages designed to improve operating area performance and efficiency and communicating findings therein.
* Previous experience participating in the development of a complex reporting infrastructure and analytical data warehouse.
Sallie Mae is a federal government contractor. Should this position support a government contract, now or in the future, the successful candidate will be subject to a background check conducted by the U.S. Government to determine eligibility and suitability for federal contract employment for public trust or sensitive positions.
Contact me at Kimberly.Hughes@rightthinginc.com to apply!
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