Senior Pricing Analyst, Home Lending (Mortgage)
Senior Pricing Analyst, Home Lending (Mortgage)
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1 Vacancy
Job Description
The role
We are seeking a Senior Pricing Analyst Home Lending (Mortgage) to join our Pricing team within the Home Lending Business Unit. This is an exciting role for someone to make a direct impact on the revenue of SoFi by helping shape the Mortgage business strategy and product development through data-driven insights and pricing recommendation. As a Lead Pricing Analyst for Mortgage on our Pricing team you will be working closely with a world-class team of business leaders and data scientists to help SoFi develop implement and analyze Mortgage pricing strategies. Success in this role hinges on your technical aptitude quantitative abilities and business acumen: you know how to plow through data with SQL/Python/Tableau surface insights and measure the business impact using conversion/ profit metrics. You treat stakeholders as a partnership you are there at each step of the way and you know that we only succeed if we succeed together. The ideal candidate will possess a strong understanding of the residential mortgage industry with a focus on pricing strategies competitive analysis and a proven track record of utilizing pricing engines like Optimal Blue.
What youll do:
- Develop implement and test pricing strategies that optimize profitability through the improvement of revenue conversion and cost per customer acquisition
- Collaborate with the Business Unit Leader in Home Lending to manage pricing margins provide insights into the competitive landscape and ensure pricing is in line with targets and profitability expectations
- Administer configure and optimize our Product & Pricing Engine (PPE) with a strong preference for Optimal Blue experience
- Ensure accuracy and integrity of pricing data within the PPE
- Develop analytical tools to control and validate the accuracy of mortgage pricing configuration and calculations
- Build dashboards to deliver results of pricing strategies to the business and reporting that assist in pipeline management
- Build intuitive and analytical models to help decision makers understand the price elasticity of customer segments
- Run significance tests and continuously discover trends in customer behavior to inform decision making with a high level of confidence
- Routinely present analyses to SoFi business leaders
- Support day-to-day operations including daily rate sheets and exception processing
- Represent Pricing in front of internal stakeholders (lock desk credit risk capital markets marketing finance) and external vendors
What youll need:
- B.S. or M.S.. in Computer Science Statistics Finance Economics Engineering Mathematics or a related quantitative field is required for this position
- 5 years of experience working in the Home loans industry in an analytics business strategy pricing margin management or related role
- 3 years of experience administering a pricing engine (preferably Optimal Blue)
- Proven track record of end-to-end experience in building analytical frameworks to inform business strategy
- Solid knowledge and understanding of mortgage loans programs and pricing processes and procedures
- Knowledge and understanding of statistical and econometric modeling methods for significance testing and causal inference
- Exceptional programming skills in SQL VBA Macro. Python skills will be a great plus.
- Strong knowledge of Tableau and experience building production-level dashboards
- Ability to work in a dynamic cross-functional environment with strong attention to detail
- Effective communication skills and ability to explain complex models in simple terms;
- Strong relationship building and collaborative skills
- Exceptional problem-solving skills
Nice to have:
- Familiarity with Loan Origination Systems (preferably Encompass)
- Python coding experience
Required Experience:
Senior IC
Employment Type
Full Time
