Staff Data Analyst, Varo
Marketing Partnerships
$150-190k
Fee-free online banking platform
Job no longer available
Fee-free online banking platform
501-1000 employees
Job no longer available
$150-190k
501-1000 employees
Company mission
To improve the financial health of our customers through better technology and total transparency.
Role
Who you are
- 5+ years of related experience such as management consulting, investment banking, business intelligence, data science, or corporate strategy
- Strong experience with data analysis, modeling, SQL, and presentations
- Ability to write and maintain queries that operate on a variety of structured and unstructured sources
- Experience in extracting, sampling, and visualization of large data sets
- Experience with delivering production-level metrics, insights, and actions
- Data visualization experience, working with Tableau, Looker, or other BI tools
- Previous project management experience and process optimization with data analytics
- Coding knowledge in SQL, Python, or the equivalent (SAS, R)
- Bachelor's degree in Mathematics, Physics, Statistics, Computer Science, Engineering, Economics, Operations Research, a similar quantitative field or equivalent practical experience
What the job involves
- The Strategic Partnerships team accelerates the growth and innovation of Varo’s products by creating new business, marketplace, and distribution opportunities through partnerships
- Varo is a bank for all, and strategic partnership deals push this mission forward. The team also manages Varo’s high-touch, high-potential, and high-impact deals with external partners, aligning on shared objectives and making decisions that ultimately serve our customers
- Evaluate key partnerships that provide value to customers across a variety of complementary products and services to advance Varo's social impact
- Own the analytics and execution strategy for the Partnerships team including measuring the performance of Partnership initiatives, marketing campaigns, and the impact of partnerships across other departments including fraud, servicing, and product marketing
- Manage all aspects of partnership data including revenue and conversion data, by working with data engineering to ingest data, pull data from various third-party platforms, build internal dashboards, ect
- Measure and monitor all performance-related metrics (e.g., customer engagement, revenue growth) to generate insights and optimization strategies to improve the impact of partnerships
- Provide detailed and continuous revenue forecasting with some support from Finance
- Develop business cases for future partnerships and initiatives that combine both internal and external data sets and product requirements
- Develop and assess various testing strategies to increase email marketing efficiency including examples such as a new LCM flow for partnership emails, content updates, targeting strategies, etc
- Become an expert in what moves the key metrics and conduct detailed analyses that result in actionable insights to enhance customer experience
- Run ongoing and ad-hoc analyses in support of Partnership objectives as well as operational effectiveness and incident response
- Summarize analytical findings clearly and concisely in various presentation formats to the Executive Team by using narratives based on a methodical and data-driven approach
- Understand customer impact of business terms and/or product changes
- Support the team with various operational needs including ensuring correct tracking links are used, invoicing reconciliation, etc
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
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
Articles
Leadership
Colin Walsh
(CEO)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.
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