Global Data Cost Analyst, Socure
$160-190k
Offers Equity & Bonus
Digital ID verification & fraud protection
Be an early applicant
Digital ID verification & fraud protection
501-1000 employees
Be an early applicant
$160-190k
Offers Equity & Bonus
501-1000 employees
Company mission
To verify 100% of good identities in real-time and completely eliminate identity fraud on the internet.
Role
Who you are
- Bachelor’s degree in Finance, Economics, Data Analytics, Business, or related field (Master’s a plus)
- 5+ years of experience in data procurement and management, product development, or financial analysis (experience in SaaS or data products preferred)
- Experience with cost modeling, margin analysis, or unit economics, ideally in a data or SaaS environment
- Industry experience working with comparable companies providing global identity verification solutions, fraud products and solutions, compliance product solutions and similar risk mitigation solutions
- Strong analytical skills with proficiency in Excel, SQL, and data visualization tools (Tableau, Power BI, Looker)
- Familiarity with statistical modeling, elasticity analysis, or pricing optimization techniques
- Ability to synthesize complex data into clear, actionable recommendations
- Strong communication and stakeholder management skills
What the job involves
- We are seeking a Cost and Pricing Analyst to join our Global Data Acquisition and Strategy Team within our Product Center of Excellence
- This person will play a pivotal role in designing, analyzing, optimizing, and maintaining data cost information and models globally
- This role will support strategic decision-making by providing insights into global competitive costs, market dynamics, product financial performance, and optimized cost structures
- This person will work day-to-day within the Product Team while collaborating closely with Finance and Revenue teams to ensure cost, margin, and pricing decisions align with customer value, market positioning, and financial goals
- Develop, analyze, and maintain cost and pricing models for subscription, transactional pay-per-use (API), and enterprise licensing data products
- Partner with Product Managers to analyze, recommend, and test tiered, volume-based, and bundled margin and pricing structures
- Support monthly, quarterly, and annual cost and price reviews and recommend adjustments based on market data and company strategy
- Support a growing international product company that relies on global data, with the need to manage cost and pricing in USD, and derisk currency fluctuations
- Evaluate data acquisition and licensing costs across vendors and data sources
- Model and monitor gross margins for data products to ensure profitability targets are met
- Provide Product, Finance and Revenue Leadership with visibility into cost drivers and margin sensitivity under different pricing scenarios
- Arm teams with cost and margin requirements to negotiate with vendors
- Analyze vendor and internal data usage patterns against spend and revenue to develop return-on-investment recommendations and decisions
- Benchmark competitive product pricing and margins through market research to ensure competitive positioning
- Monitor cost, margin, and pricing performance against KPIs (revenue, ARPU, conversion rates, and margins)
- Sit within the Product Team and align cost, margin, and pricing strategy with product roadmaps and launches
- Partner with Revenue and Customer Success to understand customer feedback on pricing and competitive pricing positioning
- Collaborate with Finance to support forecasting, scenario modeling, and revenue planning
- Maintain data cost information with global data vendors, some are annual costs and some are monthly dynamic, to ensure all cost inputs are accurate and current
- Ensure transparency and compliance with contractual and regulatory requirements
Our take
Socure is an identity platform that aims to improve customer identification for digital transactions. The company is part of a growing market, with rivals in this competitive space including Signifyd, Riskified, AppsFlyer, ClearSale, Kount, SEON, and Fraud Fighters.
The engine delivered by Socure encompasses Know Your Customer (KYC), identity fraud detection, and document verification. With it, companies can scale rapidly by onboarding more good customers and preventing online fraud. Additionally, underbanked consumers who have been excluded from online services by outdated ID verification can gain access to critical benefits and services online.
Socure has rapidly escalated in popularity and reached a valuation well over $1 billion. Though not immune from the economic downturn of late, which resulted in two high-profile rounds of lay-offs, the company has secured considerable additional funds that will strengthen its financial position as it moves to capitalise on the ever-growing importance of identity verification and trust.
Steph
Company Specialist at Welcome to the Jungle
Insights
-22% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Nov 2021
$450m
SERIES E
Mar 2021
$100m
SERIES D
Total funding: $646.6m
Company benefits
- Health: Comprehensive medical coverage, including vision, dental, and FSA
- Parental Leave: Generous leave allowance for parents-to-be
- 401k: Pre-tax savings for retirement
- Life Insurance: Protect your family in case of emergency
- PTO: Take as much time as you need, when you need it
- 100% Remote: Work from anywhere anytime, whatever suits your lifestyle
- WFH Allowance: Generous reimbursement program to maximize your WFH setup
- Deskpass: Work in an office environment whenever you feel the need
- Mental Health Provider: Connect with clinicians when you need it
- Learning & Development: Self-education allowance & free career coaching
- Employee Assistance Program "EAP": Lifestyle resources available as well as additional mental health resources
- Fertility Provider: Family planning solutions for those interested
- Personal Legal Support: Significant discounts with RocketLawyer
Company HQ
Incline Village, NV
Leadership
Johnny Ayers
(Founder & CEO)Founder & General Partner of Switch Hit Ventures. Having been a Senior Consultant at IBM, they became COO and Board Member of Endeavor Up. Since then, was an Advisor at Pager and later founded Socure in 2012.
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