Credit Analyst, Novo
$125-135k
This range is not inclusive of discretionary bonus or equity package
3+ days a week in office
Digital banking platform for small businesses
Be an early applicant
Digital banking platform for small businesses
201-500 employees
Be an early applicant
$125-135k
This range is not inclusive of discretionary bonus or equity package
3+ days a week in office
201-500 employees
Company mission
To empower customers with their financial data and provide the most compelling banking experience possible.
Role
Who you are
- If you're passionate about using data to make a positive impact in the small business banking space, then we want to chat
- 1.5+ years of experience in credit analytics roles at leading financial institution or fintech
- Deep experience with credit card or loan unit economics and P/L drivers, multiple types of lending products a plus
- Hands-on experience with credit model development, deployment and usage
- Proficiency in SQL
- Strong analytical skills with the ability to coherently communicate the resulting recommendations and deliverables
- Highly motivated and comfortable working in a fast-paced, dynamic environment with a high degree of autonomy and ambiguity
- Proven track record of professional success from junior to senior analyst
Desirable
- Experience overseeing the performance of a revolving credit product portfolio
- Experience in high-growth startup
- Proficiency in Python
What the job involves
- We are looking for an Analyst to join our S&A Credit team to scale and optimize the performance of our credit product suite
- You will play a crucial role in delivering data-driven strategies for our potential and existing customers across our credit product suite: Novo Business Credit Card and Novo Funding
- You will also collaborate with a talented team of analysts, product managers, and data scientists with dotted line responsibility for credit product marketing and operations to properly execute the strategies, resiliently grow our products, and help identify future lending product opportunities
- Owning credit product unit economics, underwriting policies and models
- Identifying new opportunities for growth and efficiency improvements from both credit policy and product strategy sides
- Analyzing data to generate actionable insights that inform product roadmap, marketing spend, and lending capital investments
- Collaborating with cross-functional teams, including Product, Marketing, Finance, and Risk, to implement and evaluate current and future initiatives
- Taking ideas from concept (0) to market (1) to get real-world feedback and refine established strategies based on actual performance
- Working with finance to manage relationships with capital markets, vendors, and bank partners
Our take
While personal banking transactions are now very swift, these processes are frustratingly not as fast for business users. For smaller businesses, the costs of ensuring banking processes are well managed can be prohibitive, and keeping track of finances often utilises a wide range of apps.
Novo has created one app with a drag-and-drop interface to manage several financial apps in one place helping gain a clearer picture of transactional data more quickly. This is a developing market, providing both opportunity and competition from the likes of Lili, NorthOne, Brex and numerous other Neobanks.
Novo has racked up an impressive roster of SMB customers, and has seen billions of dollars in lifetime transactions. It is also well-funded, affording it the position to scale up its app partnerships whilst consolidating its market position.
Freddie
Company Specialist at Welcome to the Jungle
Insights
29% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Nov 2022
$35m
SERIES B
Jan 2022
$90m
SERIES B
Total funding: $171.5m
Company benefits
- Work Life Balance - Set your own vacation days & enjoy flexible work options for a healthy work-life balance
- Modern Benefits - We invest in the holistic well-being of every team member by offering medical and mental health coverage, retirement assistance, and commuter benefits
- Professional Development - Grow your skills through in house training, online courses & industry conferences to ensure you're always ahead of the curve
- Workspace Your Way - Whether you're based in an office or working remotely, we provide the tools or financial support to make your workspace work for you
- We're A Fun Group - Be part of a diverse culture that believes in working hard and having fun at the same time!
- Cutting Edge Technology - Work with the latest tech to build a world-class product & transform SMB banking with our growing team
Company HQ
Flatiron District, New York, NY
Leadership
Michael Rangel
(Co-founder & CEO)Their background lies in operations, having previously worked for Fairholme Capital Management and Smith Barney.
Tyler Mcintyre
(Co-founder)MBA from Wharton. They are also an Angel investor.
Salary benchmarks
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