Director of Loss Forecasting

    • Full-Time
  • Wilmington, DE
  • 100,000-160,000

The Director of Loss Forecasting will be a critical member of the Credit team and will have the ownership of loss forecasting and Credit performance reporting. The incumbent will have a specific focus on helping the company meet or beat the loss targets and returns.

Duties & Responsibilities

· Develop portfolio and vintage based loss forecasting that include both micro and macroeconomic factors.

· Ensure the accuracy of loss assumptions used at the time of acquisitions and used in securitization deals.

· Ensure alignment between loss targets in company’s financial models, delinquency targets, and residual cash-flows.

· Develop stress-testing procedures to ensure company’s safety and soundness throughout economic cycle.

· Cultivating a good working relationship with other business units, particularly Credit, Operations, and Finance.

· Develop and maintain Credit performance trend reports on a weekly, monthly and ad-hoc basis.

· Perform trend analysis and ‘actual vs. expected’ analytics to determine primary drivers to the business problems or challenges.

· Maintain macroeconomic newsletter.


· Master’s Degree in Statistics, Mathematics, Operational Research, Engineering, or other quantitative major required.

· Strong experience with SAS, SQL Database, and MS Excel. Must know how to automate the data flow using those platforms.

· Strong analytical and critical thinking skills.

· Excellent communication and interpersonal skills.

· Highly independent and self-motivated to forming opinions that are supported by data.

· Strong knowledge of financial models, loss reserve planning and stress testing.

· Strong instinct on economic trends and how they will impact the business.

· 7 or more years of experience.

· Previous experience in finance industry is preferred.

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