Accounting/Finance


Director of Loss Forecasting  Wilmington, DE  
Job Description

Job ID#:

1689

Job Category:

Accounting/Finance

Position Type:

Full-time/Perm


A fast growing Fintech client of ours is looking to hire a Director of Loss Forecasting for their team in Wilmington, DE. The director will be a critical member of the Credit team and will have the ownership of loss forecasting and Credit performance reporting. The individual will have a specific focus on helping the company meet or beat the loss targets and returns.


Responsibilities:
  • Develop portfolio and vintage based loss forecasting that include both micro and macroeconomic factors. 
  • Ensure the accuracy of loss assumptions used at the time of acquisitions and used in securitization deals. 
  • Ensure alignment between loss targets in company’s financial models, delinquency targets, and residual cash-flows. 
  • Develop stress-testing procedures to ensure company’s safety and soundness throughout economic cycle. 
  • Cultivating a good working relationship with other business units, particularly Credit, Operations, and Finance.  
  • Develop and maintain Credit performance trend reports on a weekly, monthly and ad-hoc basis. 
  • Perform trend analysis and 'actual vs. expected' analytics to determine primary drivers to the business problems or challenges. 
  • Maintain macroeconomic newsletter.    

 
Job Requirements

 

Requirements:
  • Master’s Degree in Statistics, Mathematics, Operational Research, Engineering, or other quantitative major required 
  • Strong experience with SAS, SQL Database, and MS Excel. Must know how to automate the data flow using those platforms. 
  • 7 or more years of experience.
  • Strong analytical and critical thinking skills. 
  • Excellent communication and interpersonal skills. 
  • Highly independent and self-motivated to forming opinions that are supported by data. 
  • Strong knowledge of financial models, loss reserve planning and stress testing. 
  • Strong instinct on economic trends and how they will impact the business. 
  • Previous experience in finance industry is preferred.  




 

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