Octane® is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience. We connect people with their passions by combining cutting-edge technology and innovative risk strategies to make lifestyle purchases - like powersports vehicles, RVs, and OPE - fast, easy, and accessible.
Octane adds value throughout the customer journey: inspiring enthusiasts with our editorial brands, including Cycle World® and UTV Driver®, instantly prequalifying consumers for financing online, routing customers to dealerships for an easy closing, and supporting customers throughout their loan with superior loan servicing.
Founded in 2014, we’re a company with 550+ employees and over 30 OEM and 4,000 dealer partners.
Octane is currently seeking a bright and resourceful Senior Risk Analyst to join the Risk team at Octane. The team is responsible for monitoring risk in fraud, credit, dealer and collections areas. An ideal candidate for this role can parse large volumes of data to get to an answer that generates business value. They have a scientific mindset and are excited to run the experiments that will further optimize our loan portfolio. Lastly, they are a structured thinker who can methodically explain their analysis to senior leaders in the risk organization. This role is hybrid in our NYC or Irving Office.
The senior analyst position on the risk team is a high-growth role that provides a comprehensive grounding in consumer risk management. The senior analyst will have an opportunity to rotate through various functions namely fraud, credit and collections within the risk department.
Specifically, you will:
- Optimize strategies to underwrite consumer loan programs within risk and business constraints
- Analyze our portfolio to find sources of incremental yield, mitigate excess risk, and optimize for value
- Design and monitor key KPIs to provide insights into portfolio performance and credit strategy
- Forecast loss and performance under varied credit and economic conditions
- Improve sophistication and technical implementation of current approaches
- Create and maintain credit policy documentation
Requirements:
- Bachelor’s degree, ideally in a quantitative field such as applied math, statistics, econometrics, or engineering
- Minimum 3+ years of experience in risk management at a financial institution, comparable experience in an analytical environment, or related Master’s degree with minimum 2-3 years of related experience
- Self-starter who thrives on autonomy
- Comfort working with large datasets
- Hands-on programming experience with SQL, Python, or other languages preferred
- Strong written and oral communication skills
Compensation:
The role described above offers a base salary of $90,000 to $115,000. Your offer will be based on the alignment of your qualifications with the requirements of the job and internal equity. In addition to the above-mentioned salary, Total Rewards include a stock option package, and benefits as outlined below.
Benefits:
- Robust Health Care Plans (Medical, Dental & Vision)
- Generous Parental Leave
- Up to 5 weeks time off (self-managed)
- Retirement Plan (401k) with company match!
- Educational Assistance/Tuition Reimbursement up to $3K/year
- Life Insurance (Basic, Voluntary & AD&D)
- Short Term / Long Term Disability
- Robust Ancillary benefits including accident insurance, hospital insurance, etc
- Wellhub (Gympass) Wellness Benefit
- Powersports Safety Benefit
Octane Lending is an equal opportunity employer committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status with respect to recruitment, hiring, promotion and other terms and conditions of employment.
Disclaimer: The above statements are intended to describe the general nature and level of work being performed by associates assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
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What We Do
Our Story
Octane was founded in 2014 to make financing powersports fast and easy.
Octane offers instant financing to fuel your lifestyle. We’re passionate about fast and fair lending, so we built the Octane Platform to enable instant financing for as many people as possible. And because we’re quicker and simpler than other lending platforms, we’re growing fast. Octane reaches millions of enthusiasts through editorial brands like Cycle World and UTV Driver and helps consumers buy their favorite products by prequalifying them on dealer and OEM websites. Join us in our mission to connect people with their passion.
Instant Finance Offers
Octane Prequal expands markets by providing personalized, real rates and payments. We give dealers and consumers tools to compare and understand what they can afford, even without perfect credit.
Soft-Pull, Impact-Free Credit Technology
We feel strongly about not impacting potential customers’ credit scores, so we built a technology that lets shoppers browse vehicles and rates without the damaging impact of hard credit pulls.
Robust Digital Tooling for Dealers
Our Dealer Platform provides flexibility and financing options for dealers. Octane enables serving more customers faster with an instant, fully digital experience, shaving hours off deal times. Octane increases sales and customer satisfaction.
Why Work With Us
We’re a diverse team of innovators determined to give our customers the best possible experience. Information is shared transparently, enabling cross-functional collaboration. We’re a performance based culture where accomplishments are both celebrated and rewarded, always looking for new talent to help us develop our industry-leading products.
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