Senior Data Analyst, Varo

Commercial Analytics

$140-170k

SQL
Python
Tableau
R
Mid and Senior level
Remote in US
Varo

Fee-free online banking platform

Open for applications

Varo

Fee-free online banking platform

501-1000 employees

B2CBankingFinancial Services

Open for applications

$140-170k

SQL
Python
Tableau
R
Mid and Senior level
Remote in US

501-1000 employees

B2CBankingFinancial Services

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 partnering with business units, articulating business questions, scripting with SQL/Python to pull data from datasets, and using quantitative techniques to solve complex problems
  • Experience with experimentation, product analytics, measuring ROI of initiatives, and automating dashboards and reports to track business performance
  • Experience with financial modeling in banking/fintech is a big plus. 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 banking and commercial data and share insights around the key metrics that drive the company
  • Deep dive into unit economics of the business and understand drivers of profitability, with the ability to zoom in or out as needed. Analysis areas might include (but not limited to): commercial analytics, product feature analysis, forecasting, and experimentation
  • Leverage forecasting and financial modeling to predict trends in transactional volume and other key financial KPIs
  • Work with Finance, Product, and other teams to produce analysis for critical initiatives as well as new business or product opportunities. Effectively communicate key findings and recommendations to multiple levels of stakeholders
  • Create & automate reports, iteratively build & prototype dashboards to provide insights at scale, solving for business priorities

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 headshot

Kirsty

Company Specialist at Welcome to the Jungle

Insights

Top investors

Few candidates hear
back within 2 weeks

-12% employee growth in 12 months

Company

Funding (last 2 of 7 rounds)

Feb 2023

$50m

LATE VC

Sep 2021

$515m

SERIES E

Total funding: $1.0bn

Company benefits

  • Health, dental, vision insurance
  • Free life coaching and counseling
  • 401k
  • Office snacks and drinks
  • Flexible PTO
  • Company and team outings

Company values

  • Customer first: Understand problems our customers are trying to solve. Respond with a sense of urgency. Build relationships that result in loyalty. Be data and insights-driven. Test everything. Achieve results through strong execution. Build a product people love.
  • Take ownership: Have a bias toward action and high standards. Be accountable for the results of your work and our product. Trust others to own it.
  • Stay curious: Ask why. Dare to make things better. Learn something new each day (even from mistakes). Be open to growth. Develop creative solutions.
  • Make it better: Think big. Set high goals. Work toward long-term value rather than short-term wins. Create change. Be resilient.
  • Respect: Treat others how you want to be treated. Listen first before being heard. Speak the truth even when it’s not easy. Assume best intentions. Bring your full self to work.

Company HQ

Financial District, San Francisco, CA

Leadership

Former EVP at American Express. Has also worked in banking at Wells Fargo, Visa, Executive Networks, and Lloyds.

Diversity, Equity & Inclusion at Varo

  • Varo takes a long-term, strategic approach to Diversity and Inclusion. We’re committed to building long term awareness and engagement with employees at all levels, our customers, and our communities. We grow and strengthen the Varo team by acquiring, developing, promoting, and retaining exceptional and diverse talent.
  • Voluntary employee-led resource groups let us connect with each other, boost engagement, and keep important conversations going. Our groups include; "Women", that aims to increase women’s leadership roles, hiring and retention; "Adept", that sustains Varo’s efforts to support employees with physical, mental, and emotional disabilities; "Unity", that works to advance representation and opportunity for Black and African American employees; and "Pride", that helps us build a fully inclusive workplace offering education, support, and networking for LGBTQ employees.

Share this job

View 12 more jobs at Varo