Senior Associate, Loss Forecasting- Chicago
R
esponsibilities:
1. Establish and maintain an in-depth understanding of loss forecasting procedures including the dynamics of credit losses and the impact from internal/external environment for overall portfolio.
2. Research and seek opportunities to enhance current loss forecasting models in installment loans including exploring new methodologies and external data.
3. Proactively identify portfolio and macro economic trends that may impact performance of student loan portfolios.
4. Monitor and track forecasts for accuracy of prediction and make adjustments as required.
5. Strive for continuous improvement in the efficiency of current loss forecasting processes through automations and/or streamlining the work flows.
Relationships:
1. Reports to Senior Manager in Loss Forecasting.
2. Interfaces with business partners in Risk Management, Consumer Lending and Finance.
To qualify, you must have the following:
1. Master’s degree in economics, finance, statistics, engineering or related quantitative field.
2. Three or more years of industry work experience from Fortune 500 banking or similar financial services corporations in portfolio analytics and/or loss forecasting of installment loans preferably in student loans.
3. Background in time series analysis, statistical modeling (Auto regression, ARIMA etc) and portfolio analytics within Financial Services or related industries.
4. Proficiency in SAS and MS Excel. Experience in other statistical software and tools are a plus.
5. Demonstrated project management skills, including ability to prioritize, meet deadlines and follow through on completion of high-profile projects.
Recognized for excellence in Analytics Recruiting, Numeric is well-known throughout the United States for providing niche talent.
