Mikinok Enterprises · 5 days ago
Director of Credit & Collections Strategy
Minneapolis, Minnesota, United States
Full-time
Hybrid
Mid, Senior Level
6+ years expMikinok Enterprises is a leading online direct lender that utilizes advanced underwriting technology to provide short-term loans. They are seeking a Director of Credit & Collections Strategy to drive credit strategy for their subprime consumer lending portfolio, managing portfolio performance and leading an analytical team to optimize collections strategies.
Financial Services
No H1B
Responsibilities
Hire, manage, and develop a high-performing team of analysts (4-6 FTE)
Coach team on analytical thinking, technical skills, and business acumen
Set clear expectations, goals, and career development plans. Provide team regular, actionable feedback
Foster a culture of accountability, collaboration, and feedback
Accountable for monthly executive Credit Performance Review meeting - includes review of origination performance and portfolio trends (payment, delinquency / loss, and profitability metrics)
Help define and manage KPI for portfolio performance within Mikinok and partners
Act as effective challenge for current credit underwriting strategies
Support various other analytical reporting needs across business including external reporting, data visualization, ad hoc analyses
Setup and manage Collections Strategy team including outbound call and digital strategies, repayment plan / settlement offers, and optimize 3rd party vendor placements
Incorporate models to differentiate treatment / optimization across strategies
Setup A/B and DOE tests for new strategies
Qualification
Required
Bachelor's Degree in an analytical/quantitative field (Math, Physics, Engineering, Science or Computer Science) from a competitive school
Elite quantitative & analytical skills. (6+ years experience of quantitative analysis in financial services, consulting, data science or risk management)
Hand-on experience within risk management (4+ years within financial services institution - ideally within subprime lending)
Hand-on experience with SQL / Python and experienced coaching others (6+ years)
Proven track record of people management and development (managed teams of 4+ analysts in past roles)
Strong interpersonal, leadership, and communication skills
Preferred
Graduate Degree in an analytical/quantitative field (Math, Physics, Engineering, Science or Computer Science) from a competitive school
10+ years experience of quantitative analysis in financial services, consulting, data science or risk management
8+ years of experience within risk management & collections strategy within financial services institution
Experience leading to a deep understanding of sub-prime credit dynamics including volatility, adverse selection, and risk layering
Experience launching new credit products especially within sub-prime lending
6+ years of experience managing analytical teams
Benefits
Generous employee benefits plan, including robust healthcare plans
Matching 401K
Four weeks of PTO
Company-sponsored professional development and training opportunities
Company
Mikinok Enterprises
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase