Modeler, Loss Forecasting
Join our team at Discover Financial Services as a Modeler, Loss Forecasting and use your analytical skills to support our company's financial goals. We are seeking a highly motivated and detail-oriented individual with a strong background in data modeling and forecasting. As a Modeler, Loss Forecasting, you will have the opportunity to work with a dynamic team and make a significant impact on our business strategies. This role requires a strong understanding of financial concepts, excellent problem-solving abilities, and the ability to communicate complex data to various stakeholders. If you are passionate about using data to drive business decisions and thrive in a fast-paced environment, we encourage you to apply for this exciting opportunity.
- Develop and maintain statistical models to forecast losses and support business strategies.
- Utilize advanced analytical techniques to identify trends and patterns in data.
- Collaborate with cross-functional teams to understand business needs and provide analytical support.
- Conduct thorough analysis and interpretation of data to identify key insights and recommendations.
- Monitor and track model performance, making necessary adjustments and improvements.
- Communicate complex data and findings to various stakeholders, including senior management.
- Stay updated on industry trends, advancements in data modeling techniques, and regulatory requirements.
- Identify potential risks and opportunities through data analysis and make recommendations to mitigate risks and capitalize on opportunities.
- Develop and maintain documentation of modeling methodologies and assumptions.
- Work independently and as part of a team to meet project deadlines and deliver high-quality work.
- Collaborate with other departments to ensure accurate and timely data collection and reporting.
- Uphold confidentiality and security of sensitive data.
- Provide training and support to team members on data modeling and forecasting techniques.
- Take ownership of projects and proactively identify areas for improvement.
- Participate in company-wide initiatives and contribute to the overall success of the organization.
Strong Analytical And Quantitative Skills: A Modeler, Loss Forecasting At Discover Financial Services Should Possess Advanced Mathematical And Statistical Knowledge To Analyze Large Data Sets And Develop Complex Forecasting Models.
Experience With Statistical Software And Programming Languages: Proficiency In Programming Languages Such As Python, R, And Sas, As Well As Experience With Statistical Software Like Tableau, Is Necessary For This Role. This Enables The Modeler To Efficiently Manipulate Data And Create Accurate Forecasts.
Knowledge Of Risk Management And Finance Principles: A Strong Understanding Of Credit Risk, Financial Products, And Industry Trends Is Essential For A Modeler, Loss Forecasting At Discover Financial Services. This Knowledge Is Crucial For Developing Accurate Loss Forecasting Models.
Attention To Detail And Accuracy: A Modeler, Loss Forecasting Should Have Strong Attention To Detail To Ensure Accuracy In Their Forecasting Models. A Small Error In The Model Can Have Significant Consequences For The Company's Financial Stability.
Strong Communication And Collaboration Skills: Modelers, Loss Forecasting At Discover Financial Services Often Work In A Team Environment And Must Effectively Communicate Their Findings And Recommendations To Stakeholders. This Role Also Requires Collaboration With Other Departments, Such As Risk Management And Finance, To Incorporate Their Insights Into The Forecasting Models. Therefore, Strong Communication And Collaboration Skills Are Necessary For Success In This Role.
statistical analysis
Data Modeling
Machine Learning
Trend Analysis
Financial forecasting
Predictive modeling
Risk assessment
Time series analysis
Scenario Planning
Credit Risk Management
Excel proficiency
Communication
Leadership
Time management
Organization
flexibility
Critical thinking
Teamwork
Adaptability
Problem-Solving
Empathy
According to JobzMall, the average salary range for a Modeler, Loss Forecasting in Riverwoods, IL 60015, USA is $90,000-$120,000 per year. This may vary depending on the specific company, level of experience, and other factors.
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Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.
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