Data Scientist II, Earnest
$142-160k
+ Employee Stock Purchase Plan, Restricted Stock Units (RSUs)
More information about location
3+ days a week in office (Oakland, San Francisco Bay Area)
Student loan provider
Open for applications
Student loan provider
201-500 employees
Open for applications
$142-160k
+ Employee Stock Purchase Plan, Restricted Stock Units (RSUs)
More information about location
3+ days a week in office (Oakland, San Francisco Bay Area)
201-500 employees
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
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Insights
4% employee growth in 12 months
Company
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
Funding (last 2 of 4 rounds)
Mar 2017
$20m
SERIES C
Nov 2015
$75m
SERIES B
Total funding: $127m
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
Company Specialist at Welcome to the Jungle