What are the responsibilities and job description for the Director, Credit Risk position at Purchasing Power?
Work at Purchasing Power
Position: Director, Credit Risk
Location: Vinings, GA/Hybrid work model
Who Are We: Purchasing Power (corp.purchasingpower.com)
We are an Atlanta-based voluntary benefit company offering an industry-leading employee purchase program for brand-name consumer products, online education services and travel offerings through convenient payroll deduction, helping employees achieve financial flexibility.
The Opportunity: The Director of Credit Risk will serve as the credit subject matter expert tasked with executing credit strategies and analytics for Purchasing Power. This position is responsible for managing credit risk during the customer lifecycle starting from underwriting and moving through account management and into collections. The position will also work closely with the other areas of Risk, IT, Marketing, Sales, and Operations to drive key initiatives for risk management and the company’s continued profitable growth.
What You Will Do:
- Building and stewarding the implementation of the credit road map, considering the Company’s current and future strategy by partnering with internal and external stakeholders
- Identifying key people, processes, and technology needs to ensure that you deliver credit risk support for business growth while mitigating loss
- Undertaking analytics to evaluate the effectiveness of existing credit models, existing credit data sources, as well as new credit data sources to identify trends and opportunities for improvement
- Designing and implementing strategies, including new credit models and/or rules to prevent losses
- Leading and developing a team of credit risk analysts and underwriters
- Identifying business risks and creating recommendations using data-driven analysis
- Developing and managing KPIs and present channel/vertical/LOB performance to leadership
- Monitoring macroeconomic indicators of all regions for potential emerging risks
- Preparing Current Expected Credit Loss (CECL) analysis and narratives and ensure the finance team is informed on any significant portfolio changes
- Presenting credit performance to internal senior leadership and external stakeholders
The Experience You Will Bring:
- Bachelor’s degree in Business, Finance or quantitative fields
- 10 years of experience in credit risk management, analytics, and strategy
- 5 years of people management
- Proficiency in using SAS or SQL
- Experience using MS Office products, particularly Excel
- Experience in consumer finance, financial services, or financial technology industries
- Strong analytical, problem-solving, and decision-making skills
- Strong relationship building skills to work effectively across all areas of the business
- Ability to work well with professionals at all levels of the organization
- Excellent written, oral, and interpersonal skills
Preferred Skills:
- MBA or advanced degree in a quantitative field
- 7 years of experience managing other team members
- Experience in point-of-sale lending or ecommerce industries
- Exposure to at least one high-level programing language such as R or Python
Your Well Being:
- Hybrid work model (Onsite/Offsite)
- Comprehensive benefits: medical, dental, vision, company paid Basic Life/AD&D
- 401k Retirement Plan
- Flexible PTO
- Career Development
- Employee Purchase Program
What We Stand For:
- We act with intensity, urgency and a passion for supporting our customers and growing our business. We strive for excellence.
- We hold ourselves accountable and expect it of each other. We attack problems with a positive “can do” attitude. We do what we say we’ll do.
- We deliver as one team, working together with integrity, respect, trust, transparency, and fun. We are better because we work here.
- We believe our unique diversity and authenticity makes us a better company, allows us to be our best selves and is a competitive advantage.
- We exhibit innate curiosity and creativity to innovate and reimagine how things can be done. We ask, is there a better way?
Purchasing Power is an equal opportunity employer. At Purchasing Power, we make all employment decisions, which include hiring, promoting, transferring, demoting, evaluating, compensating and separating, without regard to sex, sexual orientation, gender identity, race, color, religion, age, national origin, pregnancy, citizenship, disability, service in the uniform services, or any other classification protected by federal, state or local law.
