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Senior Analyst, Loss Forecasting & Analytics

Financeit

Financeit

IT, Data Science
Toronto, ON, Canada
Posted on Thursday, May 30, 2024

Who we are:

Financeit is a point-of-sale financing provider serving some of the largest home improvement and retail organizations in Canada.

Our platform helps businesses close more sales by offering customers affordable monthly payment options for their next big home improvement, vehicle or retail purchase.

We are small enough that you can make an impact within the company and large enough to make an impact in the market.

Financeit is a company where collaboration, inclusivity, fairness, and respect aren’t just ideas that get talked about, but are part of who we are. If such a workplace intrigues you, we hope you’ll join us.

About the role:

Financeit is seeking a talented Senior Analyst to join the Risk team. The individual will apply modern data-driven methods and techniques for risk assessment and loss forecasting for Financeit’s consumer lending products. The ideal candidate should possess a critical thinking mindset and maintain a high level of competency in statistical and analytical principles, tools, and techniques to support the advancement of best-in-class analytics.

As a member of the Risk Management team, the individual will interact with senior management, product and operations, and other internal and external partners.

What you’ll do:

  • Responsible for developing and implementing loss forecasting models under IFRS9.
  • Monitoring, evaluating, and tuning of models.
  • Updating loss forecasts used in the provision process on a quarterly basis.
  • Developing and maintaining robust model documentation to support model validation and audit purposes.
  • Researching and reviewing new alternative data sources with a view towards augmenting model performance.
  • Design, develop, and implement risk reporting packages/dashboards for monthly/quarterly distribution (e.g. origination, credit performance, profit/loss metrics, delinquency).
  • Providing analytic support across the credit risk lifecycle.
  • Additional duties as may be assigned.