Data Analyst, Summer
Student loan management & repayment platform
Job no longer available
Student loan management & repayment platform
101-200 employees
Job no longer available
101-200 employees
Company mission
To act as a “trusted advisor” to student loan borrowers.
Role
Who you are
- Degree in a quantitative field and 3+ years of experience in data analytics
- Understanding of A/B testing methodologies
- Experience with statistical analyses and data visualization
- Strong SQL skills and knowledge of relational databases
- Experience in Python or other scripting languages
- Proficiency with business intelligence tools
- Startup and/or finance experience are a plus
What the job involves
- Summer is hiring a Data Analyst to power insights across the entire company
- Data lies at the core of our loan algorithms as well as our business decisions, and this position will involve cross-team collaboration to transform data into actionable strategies
- Architect and build frameworks and tools to enable data-driven decisions
- Segment student loan borrowers to understand motivations and use cases
- Support calculations for loan repayment scenario modeling
- Proactively identify patterns in user behavior that inform product opportunities
- Work closely with marketing team to optimize our acquisition funnel
- Collaborate with engineering team to maintain consistent data collection across web, app and API sources
- Champion an experimentation culture that rapidly tests, measures and iterates
- Build dashboards that enable data democratization and empower teammates to monitor key metrics
- Have a direct and profound effect on a data-driven organization that is breaking down barriers to higher education
Our take
Nearly two trillion dollars in outstanding student loans has pulled more than 45 million US students, and the country at large, into a student debt crisis. The company has attracted the attention of a slew of fintech startups and investors looking to build solutions - some are available for companies to offer their staff as employee benefits. Summer is one of them, but doing something unique.
Summer scans multiple sources to compile a directory of student loan forgiveness and repayment opportunities, and utilises these options to develop a personalised debt management program for eligible employees - all managed digitally. Not only is this a savvy way for employers to enhance benefits packages for top-tier graduates in a competitive labour market, but it’s also something for which they've recently begun to receive tax incentives.
Summer has seen good sign-ups, and it's helped tens of thousands of borrowers save millions of dollars. Through a partnership with Credit Karma, the company has also been broadening its service beyond being a simple employment benefit. It has also raised significant funds that will expand the platform's reach.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
39% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Apr 2024
$9m
EARLY VC
Apr 2023
$6m
SERIES A
Total funding: $32.8m
Company benefits
- Significant equity allocations
- Healthcare coverage
- 401(k) plans with an employer match
- Contribution toward student loan repayment
- Flexible vacation/PTO
Company HQ
Union Square, New York, NY
Leadership
Will Sealy
(Co-Founder & CEO)Has held various Washington positions, including White House business council, policy analyst and special assistant to Elizabeth Warren at the US Department of the Treasury. Was also an advisor and student loan policy expert at the Consumer Financial Protection Bureau.
Vincent Tran
(Co-Founder & Advisor)Previously an investment analyst at Loews Corporation, before moving into senior product roles at Orchard Platform and then Pave. Subsequently returned to investment with the Partnership Fund for New York City.
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