Data Scientist, Credit Key
+ Equity
Instant B2B point-of-Sale financing payment option
Open for applications
Instant B2B point-of-Sale financing payment option
21-100 employees
Open for applications
+ Equity
21-100 employees
Company mission
Transforming payments for B2B digital commerce to empower small businesses.
Role
Who you are
- Bachelor’s Degree in STEM field. Master’s Degree preferred
- Minimum of 2 years of experience in a Data Scientist role at a lending organization (Fintech, bank, credit union, etc.)
- Prior experience with large complex time series datasets at a financial institution
- Prior first line of defense credit or fraud risk management experience at a Fintech, BNPL, and/or Small Business Lending experience a plus
- Experience utilizing consumer and commercial credit bureau score and tradeline data to enhance credit strategies
- Deep hands-on experience in data analysis (writing your own code) utilizing tools such as Python, R, SQL, Tableau, SAS, or equivalent
- Experience in financial modeling to determine business cost benefit results from A/B testing
- Strong communication skills to influence key stakeholders including executive management, partner bank, and debt facility teams
- A team player attitude with the ability to communicate clearly with both technical and non-technical stakeholders and handle ambiguity
What the job involves
- The Data Scientist Manager’s primary responsibilities are in credit and fraud risk management along with analytics for Product and Marketing teams.
- This is a ‘hands-on’ analytics role with the ability to drive significant results and key insights while leveraging our unique mix of credit, transaction, and payment data.
- The ideal candidate will be able to independently dig deep into data to solve challenging and fast paced business problems while also helping to build a leading risk management infrastructure and strategy
- Propose, implement, and analyze testing to further enhance key features of our credit risk framework including approvals, line assignment, pricing, and term lengths
- Create new strategies to identify and mitigate fraud risk across the credit lifecycle- from new applications, to real time transaction authorizations, to account management
- Partner directly with industry leading small business lending data providers to optimize use of existing data and explore and assess new data providers to improve our credit and fraud strategy performance
- Create, execute, and analyze A/B testing experiments to improve credit performance
- Develop, validate, and implement proprietary credit models using our unique data to drive our acquisition and account management risk strategies
- Develop and execute credit and fraud risk tracking and credit bureau reporting
- Work in a very cross-functional, fast paced environment with key stakeholders in Finance, Product, Marketing, and Operations
Our take
There are more than $9T in B2B payments processed in the U.S. each year, of which small to medium sized enterprises make up roughly $4.5T. Despite this, B2B e-commerce lags far behind B2C in technology advancement, despite being more than twice the market size. In particular, business trade credit is in dire need of modernisation.
Credit Key is a B2B financial services technology company that allows merchants to offer an instant "buy now, pay later" function that is seamlessly integrated at checkout. With a focus on improving customer experience at checkout, Credit Key exists alongside other payment methods but aims to usurp them via two key selling points: On the one hand, it allows buyers to access instant and transparent payment plans, delaying the costs they have to bear up front, and on the other, since Credit Key assumes the credit risk and any loan servicing, it is able to offer the merchant a risk-free transaction.
Credit Key has partnerships with the likes of Olam, optimise.health and HS Wholesale. With a key focus on growth at the moment, Credit Key will be pushing to increase its footprint in the B2B payments market as fast as possible.
This being said, there are some key developments surrounding the "buy now, pay later" model that Credit Key will want to keep a close eye on. In the UK, for example, growing concerns about the capacity of "buy now, pay later" schemes to create large amounts of individual debt have led to greater regulation of their usage in B2C transactions, and though this does not directly affect Credit Key's market, it may be a trend which could affect them in future.
Freddie
Company Specialist at Welcome to the Jungle
Insights
27% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Oct 2022
$15m
EARLY VC
Nov 2020
$33.9m
SERIES A
Total funding: $51.4m
Company benefits
- Medical, dental and vision plans
- 401k match
- Unlimited PTO
- Cell phone, internet and home office stipend
- Flexible work
Company HQ
La Brea, Los Angeles, CA
Leadership
John Tomich
(CEO)John also co-founded Onestop Internet in 2004 and served as the company's CEO until July 2015. They are also the co-founder of LEKFIT.
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