Director, Credit Strategy

Octane is unlocking the power of financial products for merchants and consumers. Our cutting-edge technology and innovative financial products empower businesses with more control and flexibility, enabling them to deliver seamless digital experiences, drive customer loyalty, and build long-term value.  

Octane supports merchants throughout the sales cycle: connecting dealerships with high-intent buyers, driving transparent, fast, and easy closings with award-winning technology, and providing on-going customer care with superior loan servicing.

Founded in 2014, Octane supports over 60 OEM partner brands and over 4,000 dealer partners, and has a team of over 600. Visit www.octane.co.

We are excited to announce an opportunity for a Credit Strategy Director to join our dynamic team. In this pivotal leadership role, you will spearhead the development and execution of cutting-edge credit strategies designed to sustain our robust performance and drive significant growth in our market share. As the Credit Strategy Director, you will be at the forefront of innovation, tasked with designing and implementing strategies that optimize profitability and enhance our credit underwriting and program pricing. Your expertise in advanced data analytics will be crucial in evaluating origination, loan amount assignment, and loan pricings to ensure we remain competitive and financially sound.

Responsibilities: 

• Assess and pitch new strategies for credit underwriting. transforming advanced data analytics into compelling business cases that secure cross-departmental buy-in for rollout.
• Take ownership of credit policy documentation and enhance policies and processes to mitigate credit and fraud risk exposure. 
• Maintain quality control and validation that risk processes are working as expected. 
• Collaborate with the portfolio and forecasting team to track credit performance and take action to manage the portfolio within the organization’s risk management appetite. 
• Act as the primary risk liaison across Tech, Product, Sales, and Finance to champion new credit product initiatives. Proactively align competing priorities, influence key stakeholders, and secure executive buy-in to advance our mission of providing convenient point-of-sale financing.
• Manage and cultivate relationships with external risk partners (e.g., credit bureaus, bank sponsors, third-party data vendors, and external counsel), negotiating risk requirements and successfully integrating external capabilities into internal credit strategies. 
• Provide guidance and mentorship to junior team members, fostering their growth and ensuring alignment with team objectives.

Requirements:

• 6+ years of experience designing credit and underwriting strategies with a good overall understanding of consumer credit and a focus on installment loans.
• Master’s degree preferred - A quantitative field such as a degree in math, statistics, or business management is a plus.
• Strong Excel, Python and SQL skills.
• 2+ years of experience managing projects.
• Experience in AI is a plus.

Compensation: In addition to salary, Total Rewards include a stock option package, and benefits as outlined below. The role described above offers a base salary of $215,000 to $225,000. Your offer will be based on location, the alignment of your qualifications with the requirements of the job and internal equity.

Benefits:

• Robust Health Care Plans (Medical, Dental & Vision)
• Generous Parental Leave
• Flexible Time Off (FTO) Policy - Time Off When You Need It
• 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
• Recreational Safety Benefit

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.

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.