Senior Financial Analyst, Upgrade
BNPL
$90-110k
Plus equity
2+ days a week in office
Offering responsible credit to mainstream consumers
Open for applications
Offering responsible credit to mainstream consumers
1001+ employees
Open for applications
$90-110k
Plus equity
2+ days a week in office
1001+ employees
Company mission
To help our customers move in the right direction with responsible financial products that put more money in their pocket.
Role
Who you are
- If you're a curious, metrics-driven finance professional with 4+ years of experience and a strong interest in the fintech and BNPL space, this is your chance to make a significant impact at a fast-growing company
- Experience. 4+ years of experience in a fast-paced environment like fintech, financial services, or a similar field. You have a solid foundation in financial modeling, forecasting, and analysis
- Domain interest. A strong passion for and interest in FinTech and the BNPL landscape
- Data proficiency. Strong SQL skills are a must. Experience with data visualization tools like Tableau is a plus. Experience with FP&A software like Pigment is preferred
- Ownership mindset. You are a proactive self-starter who thrives on solving complex problems. You have a natural curiosity and an eye for detail, and you're not afraid to challenge the status quo
- Communication. You can translate complex financial concepts into clear, concise insights for both technical and non-technical audiences
What the job involves
- Join Upgrade as a Senior Financial Analyst and help us shape the future of Buy Now, Pay Later
- This is a high-impact role based in our San Francisco office, where you'll directly drive the growth of Flex Pay, our innovative BNPL (Buy Now, Pay Later) product
- Own the financial story. Develop and manage comprehensive financial models, forecasts, and dashboards to support strategic decision-making and product planning for our Flex Pay product
- Drive growth and efficiency. Dive into revenue, expense, and operational data to deliver actionable insights that uncover opportunities for growth and cost optimization
- Partner with the business. Work directly with product, marketing, engineering, and other teams to assess the financial impact of new initiatives and product launches
- Elevate financial reporting. Prepare and present critical financial reports, including variance analysis and KPI tracking, to key stakeholders and leadership
- Build from the ground up. Take ownership of ad hoc projects and new business opportunities, creating financial models and processes from scratch
Our take
Most credit cards don't encourage the owner to pay down their debt. The longer it takes to pay off the balance, the more money lenders are set to make. Upgrade is an online lender and card issuer doing things differently. The company offers personal loans and credit cards but with a fixed instalment structure and a set number of equal payments. This ensures the balance reduces every month.
The company believes this model reduces default rates, as borrowers are forced to pay down rather than maintain their debt, and it encourages a greater commitment to repay the balance. Further, by combining the ease of a Visa card with the fixed payments and decreased rates of a personal loan, Upgrade sets itself apart from competitors.
In 2021, Upgrade launched its mobile banking and debit card as a strategy to onboard new customers and increase loyalty. The fixed-rate nature of the company's cards is expected to be of use to customers in future years in an environment of rising rates. Upgrade also plans to expand beyond the U.S. in the future, which will represent new challenges for the business as it adapts to alternative regulations.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
18% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Nov 2021
$280m
SERIES F
Aug 2021
$105m
SERIES E
Total funding: $547m
Company benefits
- Stock option plan
- 100% paid coverage of medical, dental and vision insurance
- Flexible PTO
- Opportunities for professional growth and development
- Paid parental leave
- Health & wellness initiatives
Company HQ
Financial District, San Francisco, CA
Leadership
Renaud Laplanche
(Co-Founder & CEO)After an MBA at London Business School, Renaud spent 5 years as an Associate at Clearly Gottlieb Steen & Hamilton and co-founded MatchPoint. They then left Oracle after a year to co-found Lending Club in 2006 and co-founded Upgrade in August 2016.
Adelina Grozdanova
(Co-Founder & Head of Investor Group)Adelina started their career with 6 years at Morgan Stanley after a degree at Princeton. They left banking in 2012 to join Lending Club as VP, and after 3 years co-founded Upgrade, serving as Head of Investor Group since 2016.
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