[Remote] Senior Credit Risk Manager, Student Loan at Earnest

San Francisco, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Skills

Key technologies and capabilities for this role

Credit strategiesUnderwritingRisk modelingMachine learningPortfolio monitoringRegulatory complianceData analysisCross-functional collaborationTeam leadership

Questions & Answers

Common questions about this position

What is the work location and arrangement for this role?

The position is hybrid in San Francisco, with monthly travel to the Oakland office required for collaboration.

What is the salary for this Senior Credit Risk Manager position?

This information is not specified in the job description.

What technical skills are required for this role?

Required skills include strong analytical abilities with expertise in SQL and Python, experience in risk analytics, segmentation, and statistical modeling like decision trees and gradient boosting models, plus proficiency with BI tools such as Looker or Tableau.

What is the company culture like at Earnest?

Earnest is committed to making higher education accessible and affordable, empowering students with financial tools to manage debt, and fostering a collaborative environment where 'Earnies' help students live stress-free financial lives.

What experience makes a strong candidate for this position?

Candidates need 7+ years developing data-driven credit strategies for loans or credit cards using risk models and data sources, plus at least 1 year leading and mentoring team members; preferred qualifications include student loan experience and knowledge of lending regulations.

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.

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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