Quantitative Analyst, Affirm
Capital
CA$90-130k
Plus ESPP
POS installment loans
Open for applications
POS installment loans
1001+ employees
Open for applications
CA$90-130k
Plus ESPP
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- The ideal candidate will have prior experience in process automation and optimization as well as development and implementation of quantitative and/or machine learning models
- Given the cross-functional nature of the role, the ideal candidate should have strong interpersonal and communication skills
- 1-3 years of relevant experience in technical areas (e.g. data science, data analytics, quantitative finance)
- Strong data-manipulation and model development and implementation skills using tools such as Python/R
- Experience building quantitative models or implementing machine learning models is a plus
- Strong interpersonal and communication skills, and ability to collaborate and influence across different teams in the organization
- Ability to think creatively and critically and thrive in a fast-paced, dynamic, and often ambiguous work environment
- Desire to understand the broader context of business decisions
What the job involves
- We’re looking for a smart, driven individual to join our Quantitative Markets team
- The Quantitative Markets team is responsible for structuring and pricing Affirm’s debt funding deals, developing platforms and tools for optimizing funding strategies, and building data-driven models to analyze and predict the performance of Affirm’s consumer loans
- Develop automation tools and optimize existing business processes to enable more efficient pricing and modeling of consumer debt financing deals as well as improve overall efficiency of the team
- Advance Affirm’s asset-liability management model to help inform optimal funding strategies
- Build data-driven models to analyze and predict the performance of Affirm’s consumer loans
- Partner cross-functionally with our Capital Markets, Treasury, Risk, Commercial, Product and Engineering teams to evaluate funding, product, and business decisions
Our take
Affirm offers point-of-sale loans to consumers, working with merchants like Shopify, KAYAK, and Walmart. Buy now, pay later transactions have grown in popularity in recent years, and this business is tapping into the market with a totally different approach to credit - by delivering the Affirm card, the first US debit card with the option to pay-over-time.
Boasting over 21M consumers and 337,000+ merchants, the company offers flexible payback options, ranging from 3 to 36 months. The interest rates run between 0% and 30%, so, while they are not necessarily the cheapest option, Affirm prides itself on having no fees for late payments, no hidden charges, and total transparency about what people will pay before they take out a loan.
Affirm collects payments from the customers and pays the merchants directly, shouldering the risk itself. The company has boosted its market share, expanding its availability beyond the US to include most of Canada, and continues to launch new features and create new partnerships towards bettering its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-11% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Sep 2020
$500m
SERIES G
Apr 2019
$300m
SERIES F
Total funding: $1.1bn
Company benefits
- Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- Spending Wallets: Access tech, food, lifestyle, and family planning wallets for your expenses
- Supportive Communities: Get involved with our employee resource groups and community groups
- Remote-first Workforce: If your role is remote, you can set up shop anywhere in your home country
- Generous Time Off: Take the time you need when life happens
- Health Benefits: Get a plan that fits your needs
- Mental Healthcare: Take care of your mind with great mental health programs
- Parental Leave: Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- Away Days: We offer 20 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & Development: Engage in exciting learning programs to level up your growth
Company HQ
Chinatown, San Francisco, CA
Leadership
Max Levchin
(Co-Founder & CEO)Has founded/co-founded numerous companies, holding various executive positions at each, including Paypal, Slide, Glow, HVF Labs, and SciFi VC. Also worked at large brands including Google, Yelp, Yahoo, and Evernote.
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