Portfolio Risk Manager

Reports To: Director of Credit Risk Management

Location: West Des Moines, Iowa

FLSA Status: Non-exempt

JOB SUMMARY

The consumer credit Portfolio Manager is responsible for the ongoing credit performance, risk management and delinquency monitoring of the company’s home improvement loan portfolio. This role owns the end-to-end monitoring, analysis, and optimization of loan performance, ensuring that repayment, delinquency, cure rates, and charge-offs remain within the company’s risk appetite and financial targets. The Portfolio Manager works closely with the analytical credit risk team to develop, test and implement new or enhanced strategies at time of origination to improve future loan portfolio performance.
Watercress Financial is a home improvement lender originating across the United States. This position is high visibility, with frequent interaction with the CEO, President, head of Operations, FP&A, Compliance and Capital Markets. Candidates should be comfortable working in a highly entrepreneurial company where smart ideas, fast analysis, and thinking ahead are high-value personal traits.

RESPONSIBILITIES

  • Create and maintain monitoring reporting for consumer loan portfolio performance
  • Recommend strategies and provide analysis and back-testing to minimize delinquency and charge off, while optimizing loan approval, look-to-book rates, and repayment rates.
  • Detect emerging credit risk trends in the economy, market or portfolio, and provide strategic recommendation to reduce credit risk or optimize profitability
  • Provide transparent, defensible reporting to executive leadership and risk committees
  • Create, maintain and enhance: loan loss forecasting, prepayment models, roll rate analysis, transition rate analysis.

QUALIFICATIONS

  • MBA or 4yr degree Finance, Accounting, Engineering, Actuarial, Com-Sci or other analytical field
  • Five or more years in a consumer lending portfolio management, FP&A, risk or similar role
  • Confident working independently , detailed oriented
  • Strong working knowledge of: credit bureau data, consumer loan portfolio, loan repayment and delinquency behavior

KNOWLEDGE AND SKILLS

  • Experience with consumer loan capital markets, FP&A, loan securitization
  • MS Excel, Microsoft Power stack (PowerBI, PowerQuery, PowerPivot, PowerAutomate) and SQL
  • MLL, boosted/ensemble and/or chat models

APPLY TO WORK AT WATERCRESS FINANCIAL

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    What does the hiring process look like after submitting a resume?

    1. If you see a position that you feel aligns with your skillset, apply! Our HR team will review your resume and determine if your background is what we are looking for. Talented candidates will be contacted to do a phone screen.
    2. Candidates that are selected will be asked to do an in-person or virtual interview with the hiring manager. A second interview with additional managers or members of the executive team may be necessary depending on the position.
    3. The hiring manager will then select a candidate to receive an offer for the position!
    4. Once an offer letter has been signed, all positions will be asked to complete a background and credit check to be completed prior to hire.
    5. It’s time to start your new position at Watercress Financial!