Data Scientist II, Earnest

$142-160k

+ Employee Stock Purchase Plan, Restricted Stock Units (RSUs)

Python
Tensorflow
Redshift
Scikit-Learn
Snowflake
PyTorch
BigQuery
Mid level
San Francisco Bay Area

More information about location

3+ days a week in office (Oakland, San Francisco Bay Area)

Earnest

Student loan provider

Open for applications

Earnest

Student loan provider

201-500 employees

FintechB2CPersonal financeLendingCredit cardsFinancial Services

Open for applications

$142-160k

+ Employee Stock Purchase Plan, Restricted Stock Units (RSUs)

Python
Tensorflow
Redshift
Scikit-Learn
Snowflake
PyTorch
BigQuery
Mid level
San Francisco Bay Area

More information about location

3+ days a week in office (Oakland, San Francisco Bay Area)

201-500 employees

FintechB2CPersonal financeLendingCredit cardsFinancial Services

Company mission

To make higher education accessible and affordable for everyone.

Role

Who you are

  • Bachelor’s Degree in Computer Science, Data Science, Statistics or a related field
  • 3 years of experience developing traditional machine learning models using Python and applying advanced algorithms
  • 2+ years of hands-on experience working with data warehouse systems such as Snowflake, BigQuery, and Redshift to support data-driven model development
  • Willingness to travel to the Oakland office monthly to collaborate with other Earnies

Desirable

  • PhD in Machine Learning or very related topic, or Master’s degree with equivalent experience with a minimum of 1-2 years of experience

What the job involves

  • The Data Scientist II position will report to the Manager, Data Scientist
  • Design and implement ETL pipelines to ingest data from operational systems, third-party sources, and public datasets into the data warehouse, transform existing data for user consumption, and source data for model training
  • Extract data for model training from various sources, including data warehouses (e.g., Earnest, Navient), production databases, third-party providers, and publicly available dataset
  • Prototype machine learning models by applying best practices in feature engineering, model selection, and validation, while writing efficient code using popular frameworks such as Scikit-learn, TensorFlow, and PyTorch
  • Articulate to stakeholders the impact of the models and analyses through presentations and reports. Drafts recommendations for stakeholders that would optimize the product and underwriting policie
  • You will be responsible for guiding product recommendations and model development.
  • You will communicate analyses and results to the Data team backed by data and coupled with actionable conclusions to drive business decisions.
  • This role will be creating new analytical approaches, design efficient data querying and modeling development

Our take

Earnest offers student loan refinancing and personal loan products. It looks at thousands of data points such as education, saving patterns, investments, and career trajectory to issue a unique credit score, which can prove a lifeline for students who may otherwise struggle to qualify for loan refinancing.

For the portion of student debtors with low credit scores, Earnest is one of a few scant options. Borrowers can choose their own loan terms to fund up to the full cost of their education, and there are no origination, application, or late fees.

Earnest has grown from distributing $8M loans in its first year of business to an impressive total $18.5 billion in student loans refinanced, and has served upwards of 200,000 people. With student loans representing such a huge sector of lending, there should be plenty of room for Earnest to continue expanding in the future.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle

Insights

Top investors

Some candidates hear
back within 2 weeks

4% employee growth in 12 months

Company

Funding (last 2 of 4 rounds)

Mar 2017

$20m

SERIES C

Nov 2015

$75m

SERIES B

Total funding: $127m

Company benefits

  • Remote-first flexibility
  • Monthly & annual remote work stipends
  • Professional development & tuition reimbursement
  • $1000 annual travel perk
  • Robust 401K package
  • No meeting Thursdays
  • Annual company-wide offsites

Company values

  • Earn Happy Customers - Our customers’ journey is ours to share. Our success comes from anticipating their needs and providing the solutions they’re looking for. This combination of empathy and action helps them become our best endorsers and biggest fans.
  • Better is Better - The path to great means getting better every day. We push ourselves, and each other, to remain curious and think differently. We know the value of compounding and how continuous 1% improvement leads to massive changes. We are always willing to challenge the status quo in order to achieve our goals.
  • PhD in Moving Fast - Our customers are tired of long wait times and large student loan bills so we constantly seek out ways to deliver faster. We refuse to waste time on things that don’t move the needle and we surprise teammates and customers with our speed.
  • Passion for Challenges - Perseverance and optimism are just the start to take on the inertia of a national trillion-dollar problem. We enjoy tough challenges knowing that if we persist through them we will make a difference.
  • Impact is a Team Sport - We maximize our impact when we act as one team. We each play our part and put team success above personal achievement. Earnies are willing to do what it takes to make the team better even though it may be uncomfortable for ourselves.

Company HQ

The East Cut, San Francisco, CA

Leadership

Co-founded SolidEnergy Systems. Was a Part-time Partner at Y Combinator. Is a Board Member of Car Dash and Roofr, and is a Mentor at First Round Fast Track.

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