Senior Data Analyst, Varo
Payments
$120-170k
Fee-free online banking platform
Job no longer available
Fee-free online banking platform
501-1000 employees
Job no longer available
$120-170k
501-1000 employees
Company mission
To improve the financial health of our customers through better technology and total transparency.
Role
Who you are
- 4+ years of experience in an analytical role providing business analysis, developing dashboards, and presenting results to leadership
- Expert in SQL (4+ years). Proficiency in Tableau (or other BI tools) and day-to-day use of R/Python is a big plus
- Experience articulating business questions, scripting with SQL/Python to pull data from datasets, and adapt quantitative techniques to solve complex problems
- Experience with banking and/or payments processing, experimentation, consumer product analytics, measuring ROI of initiatives, and automating dashboards and reports to track business performance
- Track record of successfully communicating data-driven insights
- Solid understanding of statistical analysis
- Exceptional problem-solving skills and business judgment
- Ability to get things done and work independently and a high bias for action
What the job involves
- From optimizing the customer onboarding to uncovering drivers to further deepen customer engagement, the wider banking analytics team focuses on delivering meaningful insights from data across the customer lifecycle
- As a pivotal member of this team, you will partner with colleagues across product, marketing, engineering, finance, and operations to understand and analyze data from all parts of Varo’s business to help improve our products and experiences backed by relevant insights .
- Conduct data analysis, using advanced analytical and statistical approaches, to make business recommendations. Be impact focused and demonstrate high bias to action
- Develop a deep understanding of how customers use our banking products and share insights around the key metrics that drive the company
- Understand our payments data at a transaction level and identify levers to improve transaction processing while balancing customer benefit vs risk
- Conduct data analysis to make business recommendations. Analysis areas might include (but not limited to): transactional analysis, customer spend behaviors, root cause analysis
- Create & automate reports, iteratively build & prototype dashboards to provide insights at scale, solving for business priorities
- Work with the Banking and Payments product and engineering teams to provide analytical support for critical initiatives as well as new business or product opportunities. Effectively communicate key findings and recommendations to multiple levels of stakeholders
Our take
The traditional banking system leaves many US citizens underserved, with some minority groups struggling to access accounts. Varo is one of many companies offering no-fee, high-interest accounts, as it takes on the traditional banks - with additional features such as a rewards program and access to early paychecks.
With many young customers distrustful of traditional banks, Varo has capitalised on this sentiment and grown to serve more than 7 million customers. It has a number of competitors such as Chime and Step, and it's also in competition with established traditional brick-and-mortar banks. However, as the first consumer fintech to be granted a national bank charter in the US, the company is at the front of the fintech revolution with a path to future success.
In response to economic uncertainty, the bank was forced to take cost-reduction measures throughout 2022. The effect has been positive, with a drastic reduction in its burn rate, which had been a primary concern. One point of interest is a shift in marketing strategy that has seen Varo focus more on growing the number of customers using it as their main bank, as opposed to growing overall user numbers. The company also has a new tech unit named "Varo Tech".
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-12% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Feb 2025
$29m
SERIES G
Feb 2023
$50m
LATE VC
Total funding: $1.1bn
Company benefits
- Health, dental, vision insurance
- Free life coaching and counseling
- 401k
- Office snacks and drinks
- Flexible PTO
- Company and team outings
Company HQ
Financial District, San Francisco, CA
Leadership
Colin Walsh
(CEO)Former EVP at American Express. Has also worked in banking at Wells Fargo, Visa, Executive Networks, and Lloyds.
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