Data Scientist

Dealership:

L0238 Driveway Finance Corporation

Driveway Finance Corporation | Data Scientist I

The DFC Data Scientist I is responsible for various credit risk data science projects including development and maintenance of a consumer lending origination credit scoring model, risk-reward based pricing and loan structuring models, analytical portfolio risk management, and creation of collection and recovery models and strategies. The individual will assist senior management in developing various machine learning solutions for risk management and monitoring model performance.

Start Date: 1/1/25

Location: Hybrid (Portland, OR or Minneapolis)

Compensation: $60,000-75,000 annual with variable comp incentive

Responsibilities

• Develop predictive models, segmentation schemas, conduct model validations and conduct business impact simulations
• Collect and manipulate data to create risk management reports, explore reasons for high or low performance, and conduct other ad hoc analysis as needed
• Perform ad hoc analysis to explore loan performance drivers, research issues, and define scope of issues and opportunities. Develop metrics and KPI’s for reporting across the loan lifecycle
• Formulate credit policy based on analytical insights
• Document data sources, data definitions, strategies, models, and policies
• Evaluate 3rd party vendors data and score product for sources of predictive attributes
• Create analytical datasets by performing exhaustive descriptive analysis, data cleansing and normalization, and investigation of business rules that create the data
• Perform financial modeling to design underwriting strategies that target company’s risk and return targets
• Applies innovative and scientific/quantitative analytical approaches to draw conclusions and make 'insight to action' recommendations to answer the business objective and drive the appropriate change
• Collaborate with internal and external partners to manage data logistics – including data transfers, access to third-party tracking/reporting tools, understanding data structures, business rules, etc. – to enable project execution
• Other duties as assigned

Skills and Qualifications

• B.S., M.S., or Ph.D. in a quantitative field such as Financial Mathematics, Business Analytics, Financial Engineering, Statistics, Economics, or Data Science required
• Strong data querying skills using SQL, hands-on data analysis experience using SAS or Python or R
• Strong predictive data modeling experience is required with proven application in applying Decision Trees, Regression analysis, and other data mining techniques
• Good Knowledge and understanding of P&L for Consumer Lending product like Auto Loan, Personal Loan, Credit Card
• 1+ years of Analytics, Modeling, Financial Analysis, Reporting Experience preferred
• Solid understanding in data analysis and statistical modeling concept / framework / algorithm
• Strong attention to detail
• Sense of urgency
• Excellent communication

Competencies

• Does the right thing, takes action and adapts to change
• Self-motivates, believes in accountability, focuses on results, makes plans and follows through
• Believes in humility, shares best practices, desires to keep learning, measures performance and adapts to improve results
• Thrives on a team, stays positive, lives our values

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job.*

• Up to 1/3 of time: standing, walking, lifting up to 25 pounds
• Up to 2/3 of time: sitting, kneeling, reaching, talking, hearing

*Reasonable accommodations may be made to enable individuals to perform the essential functions.

NOTE:  This is not necessarily an exhaustive list of responsibilities, skills, or working conditions associated with the job.  While this list is intended to be an accurate reflection of the current job, the company reserves the right to revise the functions and duties of the job or to require that additional or different tasks be performed.

We offer best in class industry benefits:

• Competitive pay
• Medical, Dental and Vision Plans
• Paid Holidays & PTO
• Short and Long-Term Disability
• Paid Life Insurance
• 401(k) Retirement Plan
• Employee Stock Purchase Plan
• Lithia Learning Center
• Vehicle Purchase Discounts
• Wellness Programs

High School graduate or equivalent, 18 years or older required. Acceptable driving record and a valid driver's license in your state of residence necessary for select roles. We are a drug free workplace. We are committed to equal employment opportunity (regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status). We also consider qualified applicants regardless of criminal histories, consistent with legal requirements.