Job Details - Provident Careers Site Job Details - Provident Careers Site

Job Details

Job ID
Job Title
Senior Strategic Analyst
Position Type
Business Brand
Multiple Brands
HO Analytics
£35,000 - £37,000
About Us
About Us

Established in 1880, PFG is one of the UK's leading suppliers of personal credit products to the non-standard lending market. We are a FTSE 250 company that provide a portfolio of credit products designed to meet the particular needs of those who are not well serviced by mainstream lenders. The Provident Financial Group is made up of Provident Home Credit, Satsuma Loans, Vanquis Bank, Cheque Exchange and Moneybarn.
About the Role
About the Role

The role of a Senior Strategic Analyst is to
lead analytical projects and support the Strategic Analytics Manager to develop credit, commercial and operational strategies that underpin long-term profitable business growth through robust insight and analysis alongside responsible lending to our customers. Effectively working with the Decision Science, Credit Management and Financial Strategy teams on development and implementation of credit strategies.

The role also involves supporting the commercial and operations teams in optimising channel profitability and operational efficiency and effectiveness. Balancing risks and rewards to drive profitable growth whilst ensuring customers are responsibly managed.

Key Responsibilities:

Delivering our Numbers:
  • Support Analytics Manager in leading development and optimisation of credit strategies, impact assessment analysis of proposals on business profitability across different customer segments and types
  • Solve business problems through analytical insight, segmentation and modelling of customer behaviour
  • Develop proposals on Champion/Challenges strategies, optimisation of credit strategies from cost/benefit perspective and responsible lending
  • Provide analysis of the drivers and adequacy of the allowance for loan losses for management
  • Develop risk management strategies for new products
  • Develop a deep understanding of the business to ensure analysis is embedded in everyday decision making
  • Use data driven insights to identify opportunities to grow both new and further lending business profitably
  • Support financial planning and forecasting with key inputs for forecasting and scenario planning
  • Provide clear analysis with tangible benefits , collaborate with internal partners as appropriate to deliver on projects
  • Build and monitor models using Excel/SQL/SAS to enable business decision related to acquisitions, cut offs and further lending
  • Work simultaneously on ad-hoc as well as longer term projects designed to provide customer insight which can be actioned upon
  • Review current processes and policies and use findings to propose enhancements as appropriate

Managing our Risks:
  • Work alongside the internal teams to ensure the implementation of appropriate governance and risk frameworks aligned to best practice and regulatory obligations
  • Support Analytics Manager in defining appropriate strategies for both new business and further such that profitability is maximised and losses are minimised
  • Ensure that strategies and relevant changes are fully documented
  • Identifying and logging business/ operational risks
  • Complying with policies, procedures and external regulatory frameworks and ensuring that the principles of responsible lending are upheld in line with our Treating Customers Fairly guidelines

Skills and Experience
We would like you to have skills and experience in some of the following:
  • Has 5+ years of experience in a major digital or financial services organization with demonstrated track record of delivery in channel analytics, marketing analytics and/or risk analytics
  • Strong understanding of credit cycle and experience in development and optimisation of credit strategies incl. use of credit models/scorecards.
  • Sound judgement and ability to operate independently and objectively
  • Ability to build strong working relationships with senior stakeholders
  • Ability to lead analytics projects and mentor junior members of the team
  • Strong communication skills (written and oral) and the ability to communicate and influence technical and non-technical audiences at all levels in an organisation
  • Highly numerate with the ability to interpret MI and financial data with in depth understanding of model building
  • Ability to translate complex data and analysis to non-subject matter experts to gain understanding and buy in.
  • Expert in analytical tools like Excel, SQL/SAS
  • Has exceptional analytical skills with a strong foundation in credit analytics and ability to translate complex data in a clear concise way to communicate to a non-technical audience
  • Understand the requirements of an FCA regulated business

  • Experience with the use of non-traditional data sources for underwriting and analytics

  • Strong educational background with a degree in a highly numerate/ analytical subject

Why choose a career with us?

We like to let our employees know that we appreciate their hard work by offering competitive salaries and a range of reward schemes as well as regular performance management reviews and appraisals so that you can monitor your career progress. Benefits include:

  • 25 days annual holiday rising to 28 days in addition to bank holidays
  • Discretionary annual bonus
  • Pension scheme with Company contributions of up to 10.6%
  • Healthcare Cash Plan options
  • Life assurance of up to 3x salary
  • Onsite gym facilities with low cost membership
  • Colleague Perks at Work recognition schemes