Remote Director of Loss Forecasting

ABOUT OUR COMPANY:

The crushing weight of debt is something that we believe holds people back from reaching their dreams and making a splash in the world. So in 2013, after seeing our friends and family struggle with student loans, we created Splash Financial.

Over the years, our mission has expanded to include helping people with other forms of debt - such as refinancing credit cards, which are at all time highs in the US. And we’ve been able to refinance $6+ Billion in loans through our network of Splash, powered credit union and bank partners who leverage our marketplace and automated loan processing technology. And we’ve raised over $70 million from investors like partners of DST Global, Citi Ventures, TruStage Ventures, Northwestern Mutual Future Ventures, Detroit Venture Partners, and more.

But at our core, we’re still that little company from Cleveland with a big dream: to make people more powerful than their debt and we’re just getting started..

ABOUT OUR WORKPLACE:

Splash is remote-first, and proud of it. We spend our days creating ways to simplify financial products, then get them into the hands of people who need help. Right now, we’re focused on developing financial technologies that fundamentally change the way the industry lends. And to hire the best, we provide the best: great health insurance, competitive salaries, and unique benefits like quarterly meet-ups, access to community, and engagement tools. And although we’ve been around since 2013, we still love to think like a start-up — a place that empowers good people to do great things, fast.

We’re friendly, folksy, and have Slack channels for both #kids-and-pets and #food. We’re good people who want to make a difference in the financial landscape, and we approach tackling challenges with creativity, passion and urgency.

ABOUT THE ROLE:

Are you ready to take on a pivotal role where your insights drive the future of lending strategy and credit risk management? As the Director of Loss Forecasting, you’ll be at the forefront of one of the most critical functions within our organization, directly influencing our credibility and long-term success. With accurate loss forecasts, you’ll empower our leadership and lenders’ decision-making, allowing us to shape better credit and collection strategies that drive growth and efficiency.

In this highly visible position, you’ll collaborate with senior leadership across both our company and our lending partners, making an immediate and measurable impact. As we expand our product offerings, this role will evolve, offering you the opportunity to further enhance your expertise and grow your career within an innovative and dynamic environment.

If you’re passionate about harnessing data to drive strategic outcomes, this is the perfect role to elevate your impact.

WHAT YOU’LL DO AT SPLASH:

• Develop, maintain, and enhance loss forecasting models using both on us and off us data, leveraging statistical techniques and machine learning with the goal of constantly improving accuracy and prediction power.
• Collaborate with data science and strategy teams to ensure that forecasting models are aligned with portfolio performance and market conditions.
• Perform scenario analysis to assess potential outcomes under various economic conditions and stress-testing scenarios.
• Drive strategic initiatives by leading projects focused on risk mitigation, business growth, and portfolio optimization, directly influencing company strategy while monitoring metrics such as delinquency rates, roll rates, charge-offs and other loan performance trends.
• Regularly review and update loss forecasts based on changes in borrower behavior, economic conditions, and internal policy changes.
• Lead the development of comprehensive reports and dashboards for senior management, lenders and investors to communicate forecast outcomes and portfolio performance.
• Provide expert guidance and insight, shaping discussions and strategic decisions at the highest levels of the organization.
• Lead innovation in loss forecasting (e.g. introduce new tools and technologies, staying at the cutting edge of forecasting practices in the financial services industry)
• Effectively manage lender relationships and provide deep dive analysis with ad hoc requests.
• Stay informed on regulatory developments that may affect credit risk practices and ensure compliance with relevant guidelines (e.g., CECL

WHAT YOU’LL BRING TO SPLASH:

• Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or any quantitative related field.
• An advanced degree (Mater’s, or Ph.D.) is preferred.
• 5+ years of experience in credit risk, loss forecasting, or financial modeling, preferably in the consumer lending sector.
• Strong knowledge of loan lending products, consumer credit behavior, and risk management strategies.
• Proficiency in statistical software and tools such as Python, and SQL is a MUST.
• Experience with financial modeling and predictive analytics techniquesStrong analytical and problem-solving skills with attention to detail.
• Effective communication and presentation skills, with the ability to tell a story and influence decision making.
• Strong sense of urgency and ability to thrive in a fast-paced environment.

SPLASHERS ENJOY:

• Fully remote work freedom
• Competitive salary packages
• Flexible PTO + 9 company holidays
• Equity: Share in our start-up success
• Comprehensive and affordable insurance benefits
• Paid parental leave for both caregivers
• Essential equipment to get the job done
• 401(k) for your future savings
• Quarterly meet-ups: In person & virtual fun
• Awesome Splash swag to flaunt your team spirit

Employment at Splash is based on individual merit. Opportunities are open to all, without regard to race, color, religion, sex, creed, age, handicap, national origin, ancestry, military status, veteran status, medical condition, marital status, sexual orientation, affectional preference, or other irrelevant factors. Splash is an equal opportunity employer.