Job description

Fora Financial is a technology enabled, leading provider of flexible financing to small and medium sized businesses. Since our inception in 2008, we have supported more than 25,000 merchants nationwide with over $2 billion of capital used for a variety of purposes, from funding everyday operating expenses to managing cash flow gaps to facilitating business expansion, and much more. Leveraging our proprietary technology, Fora Financial is able to deliver capital to our customers via a streamlined and simple process that can be completed in as little as 24 hours, compared with the weeks or even months it often takes for a business to receive a bank loan.
Over the past fourteen years, Fora Financial has grown from two founders in a small Manhattan workspace to a company of nearly 200 employees with new offices in New York and Miami. Fora Financial prides itself on being a partner-centric organization, offering a customized funding approach, collaborating with our small-business customers to understand their needs in a dynamic and ever-changing economic environment.

The Sr. Statistical Modeler is responsible for leading and conducting key analyses and statistical modeling that will yield demonstrable impact for Fora Financial. This role will require collaboration with multiple departments and offer the opportunity to bring creativity to problem solving in the areas of credit risk, marketing efficiency, price sensitivity and overall P&L optimization.

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Job Role: *

• Utilize advanced mathematical, statistical, and analytical expertise to research, collect, analyze, and interpret large datasets from internal and external sources to provide insight and develop data driven solutions across the company
• Responsible for the development of advanced analytical solutions and strategies through all aspects of the model development and implementation lifecycle as well as ongoing monitoring and enhancement of the models
• Build and test predictive models including but not limited to credit risk, fraud, response, and offer acceptance propensity
• Responsible for the development, testing, validation, tracking, and performance enhancement of statistical models leading to new innovative origination strategies within marketing, sales, finance, and underwriting
• Leverage advanced analytics to develop innovative portfolio surveillance solutions to track and forecast loan losses, that influence key business decisions related to pricing optimization, credit policy and overall profitability strategy
• Present modeling and data analysis to management and other business partners
• Maintain a high level of competency in current and emerging statistical techniques and champion modeling innovation

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Requirements: *

• M.S. degree or higher in Statistics, Math, Data Science, Computer Science, or equivalent quantitative field
• Extensive experience building predictive models (including linear and logistic regression, decision trees, random forest, and gradient boosting) in R, Python, or SAS
• 5-10 years of statistical modeling experience within the financial services industry
• Advanced knowledge of SQL and experience working with databases
• Proven ability to aggregate, extract, validate, and analyze large datasets using complex SQL queries
• Advanced level of MS Excel skills, including advanced formulas, VBA, macros, and data tables
• In depth understanding of data collection, data flow management, data manipulation, data archiving and data standards
• Passionate about solving problems with data and high level of intellectual curiosity
• Highly motivated to work on multiple projects in parallel and team player with a startup spirit
• Very strong written and oral communication skills, with proven ability to translate complex analysis into actionable insights to a non-technical audience

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The Benefits of Working for Fora Financial: *

• Medical, Dental and Vision Coverage
• 401K Match
• Life Insurance at No Cost to Employees
• Generous Time Off Plan Including Rollover Vacation Days
• Commuter Benefits
• Health Care and Dependent Care Flexible Spending

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Remote Option Available. Offices located in New York City and Miami, FL.

Fora Financial is an Equal Opportunity Employer

Job Type: Full-time

Pay: $110,000.00 - $170,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: Hybrid remote in New York, NY 10018

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