Machine Learning Engineer, Upstart
$123.2-170.5k
+ Bonus + Equity
More information about location
AI lending marketplace
Open for applications
AI lending marketplace
1001+ employees
Open for applications
$123.2-170.5k
+ Bonus + Equity
More information about location
1001+ employees
Company mission
To enable effortless credit based on true risk.
Role
Who you are
- Phd in a quantitative field with 0+ years of relevant experience
- Masters in a quantitative field with 2+years of relevant experience
- Bachelors in a quantitative field with 4+years of relevant experience
- Experience in Python
- Experience with Machine Learning
What the job involves
- Upstart’s Machine Learning, Personal Loan Underwriting team is focused on leveraging machine learning to power Upstart’s underwriting models
- This team is responsible for building the underwriting model which determines credit decisioning at Upstart
- This model plays a central role in Upstart’s overall performance as a company and includes numerous challenging problems to solve
- As a Machine Learning Engineer, PL UW at Upstart, you will collaborate with our Research Scientists, Data Scientists, and other engineering departments
- You will increase ML productivity through better software and infrastructure; and improve how we research, train, deploy, serve and monitor our models
- You will reduce the time it takes to go from idea to production, and enable us to test out new ideas. This will all manifest in us delivering on our critical mission of enabling access to credit more effectively
- You will design and implement code and algorithms to help improve our model’s predictive power
- Build repeatable workflows and automation that enables scientists to spend more time on high leverage tasks (methodology, writing, analysis) and less on keeping the lights on or getting things to run
- Discover and develop a short and long-term roadmap of engineering improvements on the PL UW team
- Explore new algorithms and methodologies for our machine learning models
- Interface cross-functionally with other engineering teams (data engineering, machine learning platform, pricing, and growth software engineering), to provide feedback and requirements, so that we can build high-quality systems end-to-end
Our take
Business startups across the world usually seek out funding, but this is often difficult for companies led by millenials. Millennial entrepreneurs with an excellent track record in business are increasingly requiring access to these loans, but their lack of credit history results in proposals frequently being declined.
Upstart provides loans that are aimed towards the target audience of millennials with entrepreneurial intentions, offering low interest rates that average at 12%. The company claims these rates are 10% lower than traditional lenders, and the service aims towards ensuring that the client is subject to no further fees (such as prepayment penalties).
Upstart claims that its unique selling point lies in the fact that its loans are funded the day after approval. Whilst the service focuses on personal loans for business, the company has also expanded to offer loans for car refinancing. Over 2022 and 23, Upstart's stocks fell dramatically and an investigation was undertaken by a law firm representing the company's long-term investors over alleged security law violations by its board of directors. However, the end of 2023 saw a 20% stock value rise for Upstart after its partnership with Mutual Security Credit Union led to a rise in customers, indicating that it is on the up after a difficult two years.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-16% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Apr 2019
$50m
SERIES D
Mar 2017
$32.5m
SERIES D
Total funding: $135.7m
Company benefits
- Comprehensive health plans
- 401k Plan
- Life insurance
- Disability insuranc
- Generous vacation policy
- Flexible time off
- Parental leave
- Technology equipment budget
- Personal development budget
- Various clubs and extracurricular activities
- Catered lunches
- Fully-stocked micro-kitchen
Company HQ
South San Mateo, San Mateo, CA
Leadership
David Girouard
(CEO)They started their career at Accenture and Booz Allen & Hamilton before working in Product Management at Apple and Virage. They left their role of 8 years as President of Enterprise at Google to found Upstart in March 2012.
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