Credit Risk Analyst

Credit Risk Analyst

Job Title: Credit Risk Analyst/Associate

Location: NYC (3-4 days in office; EST hours)

Compensation: $90,000 – $110,000 (depending on experience level) + bonus

What is Reach Financial?

Reach Financial is a FinTech platform helping people outsmart debt for good. We are building innovative products and best-in-class support that enable our customers to take control of their debt and de-mystify their personal finances. Our products and tools empower our customers to turn their financial goals into a reality.

Reach Financial launched in 2015 and has helped our customers pay off over $1 billion in debt. We offer debt consolidation loans and personal loans; together, these markets represent a $1.5T opportunity. In time, we will expand beyond these products to offer solutions for a variety of our customers' personal finance challenges.

We are a fast-growing and fast-paced FinTech startup with the stability of an established firm. You will have a front-row seat at a rapidly growing company innovating the FinTech industry.

About the Department:

Reach Financial's Risk and Decision Science team consists of a group of Data Scientists and Analytics Professionals covering all the lending products. We are passionate about data and cutting-edge technology. Our goal is to leverage the data to drive the business growth agenda. The Risk and Decision Science team works cross functionally with other business units to ideate, hypothesize, analyze and test, formalize, implement, maintain, and track progresses for all initiatives.

What You'll Do:

• Perform data analysis across various marketing channels to optimize credit risk, origination volume and funnel conversion.
• Utilize statistical and segmentation tools to develop data driven business strategies for personal loan products, that balances volume and risk-return targets.
• Retrieve data and conduct data driven analytics from internal database and external vendor data, utilizing various analytical tools, software and techniques.
• Forecast delinquency and loss curves for consumer lending products.
• Develop processes and tools to track, analyze and report monthly portfolio performance of various acquisition channels & drive credit insights.
• Present the analyses, findings and recommendations to stakeholders across the organization.
• Execute on a wide range of analyses- descriptive measurement and reporting, dashboarding, ad hoc inquisitive problem solving and predictive forecasting.
• Help design experiments & A/B test different credit & marketing strategies, create data-backed recommendations to balance credit risk & volume to help make strategic business decision.
• Engage in model building and feature engineering exercises.
• Collaborate and work with cross functional team including data science, marketing, product and operations.

What You Should Have:

• Bachelor's Degree in Mathematics, Statistics, Econometrics, Operation Research, Computer Science, or other quantitative fields.
• Proficient using Python to manipulate data and draw insights from large data set
• Proficiency in SQL, Snowflake, Tableau is a plus
• Skilled in Excel and PowerPoint
• Good communication and presentation skills
• Experience in data analytics or lending products is a plus
• Experience in model training, deployment, and monitoring is a plus

What is it like working at Reach Financial?

Our culture is built around advancing our teams, and we are dedicated to the success and growth of every team member. We believe in retaining a high-performing workforce and we prioritize diversity, intellectual curiosity, and continued learning. Our generous benefits packages reflect that.

We've been hard at work perfecting our product for years, and now we're growing faster than ever before. Our strong foundation and company culture is readily equipped for this growth, and we believe that with the right people, our products will continue to help customers make real changes in their financial lives.

What benefits will you receive?

• Healthcare, Life Insurance, 401k Match
• Paid Time Off, Paid 12-week Parental Leave
• Disability (short-term, long-term), Employee Assistance Program
• Spending Accounts (Transit/Parking, Medical, Dependent Care)
• Insurance Discounts (home, auto, pet)

Reach Financial is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws. This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. Reach Financial makes hiring decisions based solely on qualifications, merit, and business needs at the time.