Join Figure: Innovating Financial Services

Figure is revolutionizing financial services with its disruptive, scalable, and rapidly expanding technology platform. By leveraging advanced technology and a comprehensive network of partners, Figure aims to deliver new products that enhance efficiency and transparency in the industry. Our platform integrates cutting-edge technology to foster transparent and efficient capital markets, powered by a growing pool of assets.

This transformation is driven by a dedicated team at Figure, characterized by their innovation, collaboration, and passion for building from scratch. We value individuals who bring an entrepreneurial mindset to every task and embody our culture of innovation.

Why Join Us?

Every day at Figure is an opportunity for continuous learning while focusing on impactful work. Be part of a team of proven leaders who have already created billions of dollars in value in the financial technology space.

• FastCo Most Innovative Companies
• Forbes Top 50 Blockchain Companies

About the Role: Senior Manager, Loss Forecasting

We are seeking a Senior Manager, Loss Forecasting to join our growing team. In this role, you will design, develop, and implement firmwide quantitative models and algorithms. You will lead the research and development of proprietary models to support the company's lending strategies, including mortgage models across various product sectors (non-QM and home equity) and comprehensive analytics (default, prepay, severity, and transition models) for calculating portfolio-level risk and returns.

Key Responsibilities

• Create, implement, and manage a comprehensive modeling framework from the ground up.
• Understand and integrate evolving business strategies and external events into forecasting/credit models.
• Curate and analyze data for forecasting and model tuning.
• Explain variations in forecast model outputs based on portfolio trends, planned business actions, and model components/assumptions.
• Modify inputs and outputs for what-if scenarios or regression testing of the models.
• Manage monthly and quarterly reporting with precise attention to accuracy and deadlines.

Qualifications

• Advanced degree in Mathematics, Physics, Computer Science, Financial Engineering, or a related field.
• Minimum of 5+ years of experience in a quantitative role within the financial services industry.
• Experience with financial modeling is essential.
• Strong programming skills in Python, R, C++, or Java.
• Familiarity with big data manipulation and analysis tools (e.g., SQL, Spark, Hadoop) and experience with cloud-based environments (e.g., Azure, AWS).
• Proficiency in machine learning, data mining, econometric modeling, and general statistical modeling.
• Understanding of prepayment, default, and loss models.

Benefits and Perks

• Competitive salary and growth opportunities.
• Company quarterly performance-based bonus.
• Equity stock options package.
• Employer-funded health, vision, and dental insurance for employees and their dependents.
• Employer-funded life and disability insurance.
• Company HSA, FSA, Dependent Care, 401k, and commuter benefits.
• Up to 12 weeks of paid family leave.
• Flexible work location options: in-office, remote, and hybrid.
• Home office and technology stipend for remote workers.
• Flexible time-off plan.
• Continuing education reimbursement.
• Routine team swag deliveries.

Compensation: For CO, NY, CA, and WA residents, the salary range is $152,000-192,500 with up to a 25% bonus and equity. Actual compensation may vary based on individual candidate experience and location.

California Residents, please review our for further information. By submitting your application, you acknowledge that you have read and understand the above notice.

Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and complete the required employment eligibility verification form upon hire.

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