Convergence Group

Director of Portfolio

Job ID
DM502
# of Openings
1
Category
Accounting/Finance
Status
Approved
US-NV-Las Vegas

Overview

Convergence Group is currently working on an exciting direct hire opportunity for a Director of Portfolio Management for one of our dynamic, growing fintech clients based in Las Vegas that serves the consumer sub-prime market with alternative credit options designed to build a bridge for the underbanked.

 

We are looking for an energetic, hands-on, roll up your sleeves candidate to serve as the Director of Portfolio Management. This position provides financial information to executives and other key personnel to assist in making strategic decisions in relation to the overall profitability of the portfolio.  This role is critical in understanding how to successfully manage the portfolio from a pricing and product offer assignment perspective by completing analysis to understand the important drivers in determining overall loan performance.  This high-profile position is responsible for assignments that require considerable judgment and initiative in determining what is financial success and making decisions and providing recommendations to company executives and business managers. Perform other assignments as required.

Responsibilities

  • Determine current and future asset financial performance by different tranches and make recommendations for improving the product offer to maximize the portfolio’s overall profitability.

 

  • Develop financial models to forecast business returns by using a variety of methodologies to perform complex and sophisticated financial analysis functions; including but not limited to ROA (Return on Assets) analysis, lifetime value analysis, portfolio variance analysis, and /or corporate performance analyses.

 

  • Create innovative financial models and methodologies as they relate to current and new business units.

 

  • Conduct research, perform analysis and prepare reports as required related to financial analysis (i.e. financial forecast, profit-and-loss and expenses).

 

  • Develop complex financial specifications for new products as well as financial enhancements to existing products.

 

  • Provide financial-related strategic advice and financial analysis for investment decisions, enhancements to existing products and the development of new products.

 

  • Serve as a leading member of project teams to coordinate and manage all statistical project activities related to financial development projects.

 

  • Assist in creation and maintenance of financial analysis procedures.

 

  • Prepare communication, reports, and presentation in proper format to educate non-financial participants on financial data.

 

  • This job will have supervisory responsibilities – management of up to two portfolio analysts.

 

Qualifications

  • Bachelor degree in Economics, Mathematics, Finance, Accounting or related area required; Advanced degree preferred (Masters, PhD). 

 

  • Minimum 7 years of experience in a consumer finance organization.

 

  • Minimum 5 years financial modeling experience related to portfolio management in a consumer finance organization. 

 

  • Technical experience related to data extraction (i.e. SQL, SAS) preferred.

 

  • Subprime consumer finance experience preferred.

 

  • Excellent leadership, interpersonal, team and communication skills (written and verbal).

 

  • Ability to work independently with limited supervision with highly-developed problem solving skills in a fast-paced work environment.

 

  • Effectively present information to top management, public groups and/or boards of directors.

 

  • Apply advanced mathematical concepts such as exponents, logarithms, quadratic equations and permutations.

 

  • Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory and factor analysis.

 

  • Ability to define problems, collect data, establish facts and draw valid conclusions. Interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

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