What are the responsibilities and job description for the Business Risk Analyst position at NewLane Finance?
*MUST BE ABLE TO COME INTO THE OFFICE 3 DAYS A WEEK*
NewLane Finance is a commercial equipment finance company, serving small and mid-size business nationwide. Our mantra is "business lending done right", and our strategy is to revolutionize small business lending by employing the latest technology and a motivated workforce to deliver fair and transparent financing solutions to businesses with unmatched levels of speed, convenience, and customer service. Our products and services are offered to the business community primarily through financing programs with equipment manufacturers, distributors, and dealers. NewLane Finance is a subsidiary of Wilmington Savings Fund Bank (WSFS), a $20 billion financial organization.
Job Summary:
NewLane Finance is seeking an individual that will support the Credit and Collections functions through the use of advanced analytics and analyses. This role will be responsible for applying business analysis and quantitative knowledge to the organization’s data to ensure that strategic business objectives are being met. Interpreting analytical outputs, communicating findings to business leaders, and recommending appropriate actions will be an important aspect of the role.
Responsibilities:
- Assist in the aggregation and analysis of customer and 3rd party data (e.g., PayNet, D&B, consumer credit bureaus) for monitoring credit risk strategies and developing business intelligence.
- Analyze large data sets (structured and unstructured data) to uncover insights, summarize findings, prepare reports, and recommend actions to business leaders and management to influence decision making.
- Assess, analyze, and interpret data outputs to develop usable and actionable information for the business channel leaders.
- Communicating regularly with team members and business stakeholders to gather requirements and champion business analytics.
- Identifying and analyzing complex developments, variances, and trends within the portfolio and overall business operations.
- Monitor the performance & efficiencies of NewLane’s dealer and broker partnerships. Identify areas for improved efficiencies and increased optimization, and act as a liaison between Credit & Sales to operationalize recommendations.
- Interpret business requirements and translate them into technical documentation for IT/third-party vendors.
- Must understand, abide, and uphold audit procedures and internal controls related to essential duties and responsibilities.
Qualifications:
- Bachelor’s degree in Business or Data Analytics or Finance, or other relevant discipline & (2) plus years’ experience in an analytical role or the financial services industry.
Desired Characteristics:
- Ability to work independently as well as collaboratively within a cross-functional team.
- Strong organizational skills and attention to detail.
- Excellent verbal and written communication skills.
- Strong quantitative, analytical and interpretive skills.
- Candidate should be self-motivated and possess a desire to learn.
- Demonstrated experience with business intelligence tools such as Tableau, Power BI, and/or Qlik.
- Experience with SQL programming language is preferred, but not required.
We offer a dynamic, collaborative team environment with a strong credit risk management culture and opportunities for professional development.
The successful candidate will receive competitive compensation, excellent benefits including Health, Dental, Vision, 401k with match, flexible spending, Life Insurance, Short-Term and Long-Term Disability Insurance, generous PTO and much more…
NewLane Finance is shaping the future of business finance, and we're looking for talented, committed individuals to join our company as we continue to grow our team. We work hard to find the best people, invest in their professional development and encourage “thinking outside the box”. Ultimately, it is our people who will create our success…by helping our customers grow and succeed
NewLane Finance is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, age, protected veteran or disabled status, or genetic information.
NewLane Finance will not be able to provide Relocation or Sponsorship
