Earnest

Financial Analyst

San Francisco, California, United States

Earnest Logo
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, LendingIndustries

Requirements

Candidates should have 0-2+ years of finance/accounting experience, high proficiency with Excel, Google Sheets, PowerPoint, and Financial ERP systems, and experience working with large data sets to disseminate trend analysis. They should also possess the ability to lead work initiatives with cross functional coordination with stakeholders and the ability to disseminate significant amounts of information with attention to details and accuracy.

Responsibilities

The Financial Analyst will contribute in financial forecasting by supporting the monthly and annual budgeting process, contributing to financial model updates, and ensuring data accuracy. They will also support business partnerships by collaborating with team members to gather data for expense, headcount, and compensation modeling, contribute to financial reporting by aiding in the preparation of monthly/quarterly reports, analyzing basic variances, and assisting with data validation. Furthermore, they will support product profitability analysis by assisting in the creation of product-level reports and contributing to cost allocation processes, and assist in process improvement and tool implementation by helping with data entry, automation tasks, and learning to use FP&A tools and reporting systems.

Skills

Excel
Google Sheets
PowerPoint
Financial ERP systems
Data analysis
Forecasting
Data manipulation
Cross-functional coordination
Attention to detail
Automation
FP&A tools

Earnest

Provides low-interest student and personal loans

About Earnest

Earnest provides financial services focused on student loan refinancing, private student loans, and personal loans. The company uses advanced data analysis and underwriting software to assess each client's financial situation, allowing them to offer low-interest rates tailored to individual needs. Clients can select flexible repayment plans that suit their financial circumstances, making it easier to manage their debt. Unlike many competitors, Earnest continuously adjusts its rates based on market conditions to remain competitive. The goal of Earnest is to help financially responsible individuals effectively manage their educational and personal debt.

Key Metrics

San Francisco, CaliforniaHeadquarters
2013Year Founded
$123.5MTotal Funding
ACQUISITIONCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Home Office Stipend
Phone/Internet Stipend
Tuition Reimbursement
Paid Vacation
Parental Leave
Company Equity

Risks

Increased competition from fintech startups could erode market share.
Rising interest rates may decrease demand for refinancing options.
Potential regulatory changes could increase operational costs.

Differentiation

Earnest uses data-driven underwriting beyond traditional credit scores.
Offers flexible repayment plans tailored to individual financial situations.
Maintains a digital-first approach for loan applications and management.

Upsides

Increased demand for digital financial services boosts Earnest's online platform.
Alternative credit scoring models support Earnest's data-driven approach.
Growing trend of student loan refinancing aligns with Earnest's core offerings.

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