Hybrid Work Model: Work in our Corporate Headquarters on Tuesdays and Wednesdays in Center City Philadelphia and working from Home, Mondays, Thursdays, and Fridays.
NewLane Finance is a commercial equipment finance company, serving small and mid-size business nationwide. Our mantra is "business lending done right", and our strategy is to revolutionize small business lending by employing the latest technology and a motivated workforce to deliver fair and transparent financing solutions to businesses with unmatched levels of speed, convenience, and customer service. Our products and services are offered to the business community primarily through financing programs with equipment manufacturers, distributors, and dealers.NewLane Finance is powered by a $14B financial organization.
NewLane Finance is seeking an individual to lead the credit and risk modeling and analytics function using data to advance credit riskbehavior and quantification of these risk and return tradeoffs through the deployment of models and algorithms to optimize such strategies.This critical role will be responsible for providing analytical/quantitative input to develop, implement and monitor the build of complex commercial small busines Expected Default (ED) and Probability of Default (PD) credit default models.
The successful candidate will use their business analysis, process, and quantitative knowledge to ensure business intent is matched with modeling outcome, and document development decisions under SR11-7 guidelines. In addition to responsibilities on individual modeling projects this role will be expected to work on ad-hoc projects as needed. Communicating model mechanics and articulating nuances to leadership will be an important aspect of the role. This is a great opportunity for someone who is a modeler/statistician/data analyst/coder (or a combination) with experience in commercial small business credit analysis
Key Responsibilities:
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