Underwriting Associate Manager managing underwriting associates across multiple regions and segments for CNA. Ensuring underwriting life cycle is executed efficiently and achieving business results.
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
Intern focused on legal research and support of underwriting decisions in real estate law. Gaining practical exposure in a corporate underwriting setting with mentorship from experienced legal professionals.
Underwriting Tech I assisting with personal lines insurance at Orchid Insurance, learning underwriting skills under mentorship. Gaining knowledge of risk decisions and client relationship management in a team environment.
Senior Underwriting Assistant at Mission Underwriting Services supporting underwriting decisions and preparing policies. Analyze risks and assist in the underwriting process effectively.
Junior Underwriting Analyst in a leading insurance company managing D&O insurance evaluations and providing support to the commercial team. Requires expertise in insurance underwriting and risk analysis.
Contract Surety Home Office Underwriting Director overseeing underwriting standards and maintaining a loss - free portfolio. Leading a team while engaging with regional offices and C&F leadership.
Strategic Distribution and Growth Lead at Zurich Canada focusing on broker and customer partnerships while supporting market expansion. Analyzing risks and enhancing client engagement for business growth.
Underwriting Service Specialist managing processing and evaluation of surety applications for Zurich clients. Collaborating with underwriters and providing customer support in the banking and insurance sector.
Conduct daily operations in underwriting division, processing transactions and supporting teams. Handle inspections, audits, and project presentations while ensuring compliance and efficiency.
Underwriting Consultant managing large accounts and determining acceptability of risk within CNA's Middle Market sector. Requires 3+ years of underwriting experience and expertise in commercial property and casualty insurance.