Contract Surety Underwriter analyzing and underwriting new and renewal business for Zurich. Engaging with brokers and working towards profitable business solutions from Texas.
About the role
- Director overseeing development and optimization of credit strategies for personal loans at BMG Money. Leading cross-functional teams to enhance underwriting and pricing frameworks within the organization.
Responsibilities
- Develop, implement, and manage comprehensive new account credit underwriting and risk-based pricing strategies aligned to performance, growth, and profitability targets.
- Own the credit policy suite, including segmentation, decision logic, exposure limits, pricing tiers, and exception frameworks.
- Define and refine risk appetite, incorporating credit performance data, regulatory expectations, and partner bank requirements.
- Build and lead a structured testing roadmap (A|B tests, champion|challenger, multivariate experiments) to optimize credit and pricing outcomes.
- Translate credit strategies into clear technical requirements for Engineering to implement within BMG Money’s platform and rules engine.
- Conduct UAT and validation testing to ensure implemented strategies match policy intent.
- Perform deep-dive analytics on credit performance (approvals, delinquencies, loss curves, profitability, and yield) to continuously refine strategy.
- Partner with Decision Sciences to explore new data sources and enhance credit decision quality.
- Collaborate closely with Fraud Strategy to create cohesive decision flows that integrate credit risk and fraud risk mitigation.
- Act as the credit lead in governance meetings (risk committee, pricing committee, partner bank reviews).
- Partner with Compliance and Legal to ensure adherence to regulatory expectations and underwriting governance standards.
- Maintain strong relationships with partner banks, communicating credit strategies, updates, performance insights, and risk posture.
- Develop and manage key performance metrics and dashboards to track credit and pricing performance.
- Monitor portfolio trends and emerging risks, recommending necessary adjustments to maintain credit quality.
- Conduct root cause analysis for changes in performance or strategy breakdowns.
- Work with Product and Engineering to support credit logic implementation, rule enhancements, and platform improvements.
- Provide subject matter expertise during audits, regulatory exams, and partner bank reviews.
- Support operations, collections, and customer success teams with policy clarifications, and operational insights.
Requirements
- 7+ years of experience in credit risk management within the lending industry, preferably in subprime or non-prime segments.
- Deep experience in unsecured installment lending or adjacent verticals (personal loans, BNPL, credit cards, specialty finance, employer based lending).
- Strong analytics skills with proficiency in SQL, Python, R, or equivalent analytical tooling.
- Experience writing and owning credit policies and risk based pricing strategies.
- Demonstrated ability to translate business strategy into technical requirements for engineering teams.
- Experience with A|B testing, champion|challenger strategies, and risk experimentation.
- Deep understanding of credit risk frameworks and regulatory requirements (e.g., UDAP, ECOA, FDIC, CFPB, OCC).
- Excellent communication skills, with the ability to explain complex concepts to non-technical stakeholders.
- Bachelor’s degree in Finance, Business Administration, Economics, or related field; MBA or advanced degree preferred.
Benefits
- Health insurance
- 401(k) plan
- Paid time off
- Flexible work arrangements
- Professional development opportunities
Job title
Job type
Experience level
Salary
Not specified
Degree requirement
Tech skills
Location requirements
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