Director, Credit Strategy

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.

We are excited to announce an exceptional 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.

Specifically, you will

• Assess new strategies for credit underwriting and program pricing that optimize profitability, with ability to independently perform advanced data analytics on origination, loan amount assignment, and loan pricings.
• 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. 
• Work cross-functionally with OL’s Tech, Product, Sales and Finance teams to lead and manage new credit product initiatives that further our mission of providing convenient point-of-sale financing to niche consumer products. 
• 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 degree in math, statistics, or business management is a plus.
• Strong Excel, Python and SQL skills or other similar programming languages. 
• 2+ years of experience managing projects.
• Experience in AI is a plus.

Compensation

The role described above offers a base salary of $190,000 to $230,000. Your offer will be based on the alignment of your qualifications with the requirements of the job, location, and internal equity.  In addition to the above-mentioned salary, Total Rewards include a corporate bonus program, stock option package, and benefits as outlined below.

Benefits:

• Robust Health Care Plans (Medical, Dental & Vision)
• Generous Parental Leave
• Flexible Time Off (FTO)
• 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.