VP, Recovery Strategy Development Analytics(L12)

Job Description:

Role Summary/Purpose:

The head of Synchrony’s Recovery Strategy team is looking for a VP, Recovery Strategy to lead asset sales policy, strategy and analysis. Asset sales = sales of charged off debt. This role is an individual contributor role.

Essential Responsibilities:

• Own asset sales strategy, including identifying whether, what types of accounts, how much, and when post charge-off accounts should be sold. Maximize the overall recovery value and align the trade-offs between asset sales and placements recovery with corporate strategies.
• Own asset sales financial / valuation analysis, including owning and maintaining asset sales NPV calculator used to decide whether to sell or not sell (hold and work) accounts, and support asset sales negotiating and contracting processes.
• Partner with Recovery Operations to make sure asset sales proceeds meet or beat financial targets, includes identifying and evaluating additional sales opportunities.
• Validate that asset sales control groups are created correctly and are comparable to sold accounts so that control groups can be used for future asset sales valuation analysis. Validate that liquidation reporting for asset sales control reporting is accurate.
• Lead asset sales strategy work for Current Expected Credit Loss (CECL) accounting policy that will become effective at the end of 2019. Includes identifying options, completing financial analysis and developing recommendations for senior management.
• Lead cross-functional projects and initiatives to improve Recovery performance.
• Document asset sales policies and strategies and obtain Compliance, Fair Lending and Legal approvals so documentation is “audit ready.”
• Conduct research to identify asset sales best practices and drive implementation.
• Perform other duties and/or special projects as assigned

Qualifications/Requirements:

• Bachelor’s Degree in a quantitative discipline and 5+ years of analytics, risk management or consulting experience or, in lieu of degree, 9+ years in Recovery Strategy Analytics.
• 3+ years of coding experience with SAS and SQL.

Desired Characteristics:

• 3+ years of analytics in Recovery/Collections Analytics.
• MBA or Master’s degree in science, technology, engineering, mathematics, statistics, economics, computer programming or other quantitative fields.
• 3+ years demonstrated success developing and delivering advanced analytics.
• 5+ years’ experience using SAS or equivalent data tool such as Business Objects.
• Strong background in successful communication with Senior Leadership teams in a clear, concise manner
• Strong PC proficiency (Microsoft Suite including: Word, Excel, PowerPoint, and Outlook) or comparable software application

Eligibility Requirements:

• You must be 18 years or older
• You must have a high school diploma or equivalent
• You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the selection process
• You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
• If currently a Synchrony Financial Employee, you must have been in your current position for at least 6 months (Level 4 – 7) or 24 months (level 8 or greater), have at least a "consistently meets expectations" performance rating and have the
• approval of your manager to post (or the approval of your manager and HR to apply if you don’t meet the time-in-job or performance requirement

Eligibility Requirements:

• You must be 18 years or older
• You must have a high school diploma or equivalent
• You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the selection process
• You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
• Effective 1-1-18, new hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months’ time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 24 months’ time in position before they can post. All internal employees must have at least a “consistently meets expectations” performance rating and have approval from your manager to post (or the approval of your manager and HR if you don’t meet the time in position or performance requirement).

Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Reasonable Accommodation Notice:

• Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
• If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am – 5pm Monday to Friday, Central Standard Time.

The salary range for this position is 85,000.00 – 170,000.00 USD Annual

Salaries are adjusted according to market in CA and Metro NY and some positions are bonus eligible.

Grade/Level: 12

Job Family Group:

Collections