Oportun - Manager - Valuations / Risk Management

Manager of Valuations, Risk Management (R13508)

About Oportun :

Oportun (Nasdaq : OPRT) is a mission-driven fintech that puts its members' financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $19.7 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members save an average of more than $1,800 annually. Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009.

WORKING AT OPORTUN :

Working at Oportun means enjoying a differentiated experience of being part of a team that fosters a diverse, equitable and inclusive culture where we all feel a sense of belonging and are encouraged to share our perspectives. This inclusive culture is directly connected to our organization's performance and ability to fulfill our mission of delivering affordable credit to those left out of the financial mainstream. We celebrate and nurture our inclusive culture through our employee resource groups.

Summary :

The Manager of Valuation in the Risk Management department helps manage / optimize credit strategy and value for Oportun's Installment loan product. This is an exciting opportunity in a fast-paced organization where your contributions can have a meaningful impact on increasing access to Oportun's affordable, credit building loan product for consumers with little or no credit Develop and manage the customer life-time valuation (CLTV) framework for Oportun's Personal Loan products, including Unsecured Personal Loan (UPL) and Secured Personal Loan (SPL).

• Develop forecasting frameworks to estimate the various revenue and cost metrics such as credit loss, interest revenue, losses, prepay behavior, propensity to return for another loan after paying off existing loan, etc.
• Work with various business teams to integrate valuation frameworks into the decisioning processes to enable differential product offering to customers
• Develop a rigorous re-grounding and monitoring process to ensure the accuracy of the valuation forecast and make improvement as needed
• Provide ad hoc analytical support to the leadership in various regulatory and audit exams related to valuation frameworks

Desired Skills & Experience :

(ref : iimjobs.com)