Affirm

Quantitative Analyst I, Capital

United States

$102,000 – $155,000Compensation
Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, FintechIndustries

Position Overview

  • Location Type: Remote (USA)
  • Job Type: Full-time
  • Salary: $102,000 - $155,000 (Base Pay Grade - I, Equity Grade - 5)

Affirm is reinventing credit to make it more honest and friendly, giving consumers the flexibility to buy now and pay later without any hidden fees or compounding interest. 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. 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.

Responsibilities

  • 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.

Requirements

  • 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.

Application Instructions

  • No specific application instructions were provided.

Company Information

  • Company: Affirm
  • Work Model: Remote-First (Majority of roles are remote, allowing work from almost anywhere within the country of employment.)
  • Benefits:
    • 100% subsidized medical coverage, dental and vision for you and your dependents.
    • Monthly stipends for health, wellness, and tech spending.
  • Equity Grade: 5
  • Additional Information: #LI-Remote

Skills

Python
R
Data Science
Data Analytics
Quantitative Finance
Machine Learning
Data Manipulation
Model Development
Model Implementation
Automation
Process Optimization

Affirm

Provides buy now, pay later financing solutions

About Affirm

Affirm offers point-of-sale financing solutions as an alternative to traditional credit cards. It allows consumers to make purchases and pay over time through installment plans, often without hidden fees or deferred interest. Affirm partners with merchants to integrate its payment solutions into online and in-store shopping experiences, using user-friendly plugins and APIs. The company generates revenue from interest and fees on loans to consumers, as well as fees from merchants for offering its financing options. Affirm also provides a merchant dashboard for transaction processing and promotional tools to help businesses market these financing options effectively. The goal of Affirm is to empower consumers with flexible payment options while providing value to merchants in the e-commerce and retail markets.

San Francisco, CaliforniaHeadquarters
2012Year Founded
$1,113.8MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

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.
Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family.
Away days: We offer 24 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.

Risks

Increased CFPB regulation could raise compliance costs for Affirm.
Affirm faces competition from new entrants in the BNPL market.
Reliance on partners like Adyen and Apple poses potential revenue risks.

Differentiation

Affirm offers transparent installment loans with no hidden fees or surprises.
Affirm partners with over 2,000 merchants, including major retail brands.
Affirm's user-friendly APIs enable seamless integration with online and in-store platforms.

Upsides

Affirm's partnership with Adyen expands its reach in North America.
Affirm's $4 billion partnership with Sixth Street boosts financial stability.
Affirm's BNPL services gain traction among high-income consumers.

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