Sr. Statistical Modeler

Fora Financial is a technology enabled, leading provider of flexible financing to small and medium sized businesses. Since our inception in 2008, we have supported more than 55,000 merchants nationwide with over $4 billion of capital used for a variety of purposes, from funding everyday operating expenses to managing cash flow gaps to facilitating business expansion, and much more. Leveraging our proprietary technology, Fora Financial is able to deliver capital to our customers via a streamlined and simple process that can be completed in as little as 24 hours, compared with the weeks or even months it often takes for a business to receive a bank loan. 

Over the past fourteen years, Fora Financial has grown from two founders in a small Manhattan workspace to a company of nearly 200 employees with new offices in New York and Miami. Fora Financial prides itself on being a partner-centric organization, offering a customized funding approach, collaborating with our small-business customers to understand their needs in a dynamic and ever-changing economic environment. 

The Sr. Statistical Modeler is responsible for leading and conducting key analyses and statistical modeling that will yield demonstrable impact for Fora Financial.  This role will require collaboration with multiple departments and offer the opportunity to bring creativity to problem solving in the areas of credit risk, marketing, and operations. 

A Day in the Life of a Sr. Statistical Modeler:

• Utilize advanced mathematical, statistical, and analytical expertise to research, collect, analyze, and interpret large datasets from internal and external sources to provide insight and develop data driven solutions across the company
• Responsible for the development of advanced statistical models through all aspects of the model development and implementation lifecycle as well as ongoing monitoring and enhancement of the models for credit risk, marketing, and operations
• Present modeling and data analysis to management and other business partners
• Maintain and improve custom variables created from 3rd party data sources
• Continuously explore new 3rd party data sets for use in model development to improve model performance
• Maintain a high level of competency in current and emerging statistical techniques and champion modeling innovation 
   

What You Have:

• M.S. degree or higher in Statistics, Math, or equivalent quantitative field 
• Extensive experience building predictive models (including linear and logistic regression, decision trees, random forest, and gradient boosting) in R, Python, or SAS
• Experience with various reject inference techniques
• 5-10 years of statistical modeling experience within the financial services industry 
• Experience building custom variables using tradeline level data from credit bureau reports
• Proven ability to aggregate, extract, validate, and analyze large datasets using complex SQL queries 
• Advanced level of MS Excel skills, including advanced formulas and data tables
• Highly motivated to work on multiple projects in parallel and team player with a startup spirit
• Very strong written and oral communication skills, with proven ability to translate complex modeling results and present to a non-technical audience 

 The Benefits of Working for Fora Financial:

• A good work/life balance
• Medical, Dental, Vision Coverage
• 401K Match
• Life Insurance at No Cost to Employees
• Generous Time Off Plan Including Rollover Vacation Days
• Commuter Benefits
• Health Care and Dependent Care Flexible Spending
  
  

Fora Financial is an Equal Opportunity Employer