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Senior Director, Unsecured Loan Products in McLean, VA at Pentagon Federal Credit Union

Date Posted: 11/23/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    McLean, VA
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    11/23/2018

Job Description

Senior Director, Unsecured Loan Products

Summary
PenFed is hiring a Senior Director, Unsecured Loan Products in Tysons, Virginia. The primary purpose of this job is to lead development of new products and existing products, develop ideas that promote the growth and profitability of the unsecured loan portfolio including, but not limited to personal loans, student loans and home improvement loans.  This role will lead competitive market positioning, product pricing, product planning and enterprise coordination of product launches and revisions.  Additionally, this role will develop comprehensive product targeting, growth and experience strategies backed by robust business controls and policies/processes improvements in order to optimize portfolio performance. 

Essential Functions 
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.

  • Lead development of new products, refine existing products and develop ideas that promote the growth of unsecured loan products.
  • Identify product opportunities, assess risk and proactively develop product design enhancements and improved sales practices to increase unsecured loan products.
  • Create marketing strategy for unsecured loan product growth and work with marketing, IT and operations on development and implementation.
  • Assess operational policies and processes and make recommendations to ensure optimal member experience for unsecured loan products.
  • Utilize statistical metrics and models that provide insights into response, balance, rate, segmentation, and price elasticity, etc. to identify target segments and marketing tactics.
  • Review competitive market practices and make recommendations concerning adjustments to programs in related areas.
  • Collaborate with finance, treasury, compliance, legal, technology, branch services, omni channel and marketing partners to support unsecured loan product growth.
  • Create unsecured loan product initiatives with other product lines to drive growth.
  • Develop and lead partnership opportunities and day-to-day relationships.
  • Collaborate with Human Resources on training and incentives.
  • Recommend unsecured loan product pricing to the Pricing Committee.
  • Create key metrics and system to monitor and measure unsecured loan product growth.

Education and Experience
Equivalent combination of education and experience is considered.

  • Bachelor’s Degree in Business, Finance with preference for quantitative fields (e.g., Applied Math, Engineering, Statistics, Predictive modeling) or a related field is preferred.
  • Master’s Degree in Business, Finance, or in a quantitative field is preferred.
  • Minimum of ten (10) years’ experience in financial services is required.
  • Minimum of three (3) years’ experience developing unsecured loan products is required.
  • Demonstrated record of accomplishment of driving unsecured loan product growth is required.
  • Demonstrated ability to analyze and synthesize data to make decisions.
  • Track record of creating unsecured loan growth strategies and implementing results-oriented tactics.

Supervisory Responsibility
This position will directly supervise employees.

Licenses and Certifications
There are no additional certifications required.

Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
 

Travel

Ability to travel to various worksites and be on-call may be required.


About Us

Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 1.6 million members and over $23 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico, Okinawa, and Portugal. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.

Our mission isn’t simply to help our members get by. We exist to help them realize every ounce of their potential. We exist to educate, and to encourage. We exist to usher their dreams into the land of reality.

We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.

Equal Employment Opportunity

PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.

PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 571-289-4710.