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Maganti IT Resources LLC

maganti it resource,5meadow street naugatuck
naugatuck, CT, United States

Phone: 2035670144
Web Site: www.mitresource.com

Company Profile

Head of Credit permanent position at New York, NY


Job ID:



New York, NY, United States 



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Zip Code:


Employment Type:

Full time



Job Description:

Title: Head of Credit
Location: NEWYORK, NY
Type: Direct hire
Job description:
  • Client is looking for next leader to join their management team as Head of Credit. For the right person, this is an incredible opportunity to join an innovative company that has a proven track record in the emerging marketplace lending industry.
  • Today, client is laser focused on providing savings, simplicity, and humanity to the student loan market, both through the originations of new student loans and the refinancing of existing student loans.
  • Client success hinges on their belief that there is a better way to deliver credit, and that all starts with leadership in how we think about and operationalize sound and innovative credit principles and analysis.

  • Since their founding team launched the first pilot program in 2012, they’ve been delivering on their promise through simple but effective, rules-based underwriting principles. they’ve worked with the best minds in both traditional credit underwriting firms and those leading the way in the newer world of marketplace lending to refine these principles, and they’ve served well: they have originated $100MM in new loans without a single default or 30 day delinquency.

  • Client is moving quickly toward expanded eligibility for loan products, and into new markets. The person we bring on will lead company down that path, making key decisions around credit eligibility and pricing, while building the analytics and data infrastructure to support those decisions.

    Getting more specific, the Head of Credit will: 
    • Analyze historical credit data to develop and improve Client's models 
    • Analyze portfolio performance and identify opportunities for improved underwriting criteria and pricing 
    • Develop business cases for market expansion, including credit eligibility, underwriting, and pricing for new market segments

    • this position reports to the CEO.

    • Equity (stock options) is a component of the compensation package, DOE
Required Experience:
• 12-17 years experience with historical credit data analysis 
• 5-7 years experience with financial modeling 
• 5-7 years experience with portfolio analysis 
• Deep experience in developing consumer credit underwriting and pricing models 
• A data-driven and curious nature 
• Experience in structuring data in efficient formats 
• Deep experience with statistical modeling tools such as R/S-plus, or Stata 
• Familiarity with other widely used related programming and database languages (e.g. Java, Python, C++, SQL) highly desirable 
• Excellent communication skills 
• Experience in, or proven orientation to, a small fast-moving high-growth company

Should someone need more information I can be reached at sai@mitresource.comor 203-567-0144.

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