Sallie Mae ยท 2 days ago
Director, Loan Disbursement
Newark, DE
Full-time
Hybrid
Senior Level, Lead/Staff
10+ years expSallie Mae is on a mission to empower students as they navigate their educational journeys. The Director of Loan Disbursement will shape and execute strategies for the Private Student Loan portfolio while ensuring compliance and optimizing loan disbursement processes.
Financial ServicesHigher Education
Responsibilities
Maintain, Develop and Execute Loan Disbursement Strategy
Maintain and simplify the current loan disbursement strategy
Design and implement scalable loan disbursement strategy with future expansion
Continuously evaluate and enhance the strategy to reduce friction and errors in execution
Collaborate with senior leadership to align the strategy with organizational goals and credit risk policies
Provides strategy recommendations to drive financial results to senior leaders
Manages key partnerships across the business to influence change
Leads project efforts on first line of defense testing and monitoring
Leads efforts for defining and implementing testing of new or changed regulations or guidance from Law & Compliance
Partner closely with cross functional teams to ensure that the strategies are compliant and data driven
Develop and monitor key success metrics to measure program success
Drive continuous improvement in processes, tools, and systems to enhance team productivity and recovery outcomes
Prioritize and support team projects and initiatives
Assists with training and recruitment of new staff
Qualification
Required
Bachelor's Degree, Business, Economics or related field or equivalent work experience
10+ years of experience in financial services
Previous collections and/or recovery risk experience
Strong understanding of U.S. consumer protection laws, credit regulations, and industry best practices (e.g., Fair Debt Collection Practices Act, FDCPA)
Proficient in SAS, SQL & Microsoft Office products
Experience with financial forecasting, modeling processes and managing internal & external control requirements
Strong analytic & problem-solving skills
Experience working with credit and financial models
Proven ability to communicate technical information effectively to all audience levels in a concise manner
Ability to build and maintain strong relationships with internal and external partners, promoting a collaborative and positive work environment
Strong communication and interpersonal skills with the ability to build relationships across business units
Ability to operate in a fast-paced, time-sensitive environment effectively managing multiple and changing priorities
Preferred
Bachelor's degree in business, economics, statistics, or related field. MBA preferred
7+ years of experience in business analysis or related field, with at least 3 years in a stakeholder leadership role
Benefits
Competitive base salaries
Bonus incentives
Generous PTO, Floating Holidays and 12 Federal Holidays observed
Support for financial-well-being and retirement 401k with employer match
Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
Employer paid short-term/long-term disability and basic life insurance
Flexible hybrid working arrangements.
Paid parental leave and adoption reimbursement programs
Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
Tuition Reimbursement and Family Scholarship Programs
Career development and training opportunities
Company
Sallie Mae
Sallie Mae is an American corporation that originates, services, and collects student loans.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1983-09-30IPO
Leadership Team
Jonathan Witter
Chief Executive Officer
Munish Pahwa
EVP, Chief Risk Officer (CRO)
Recent News
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