Full-Time

Quantitative Analyst I

Posted on 1/9/2025

Affirm

Affirm

1,001-5,000 employees

Provides buy now, pay later financing solutions

Fintech
Financial Services

Compensation Overview

$90k - $130kAnnually

+ Equity Rewards

Entry, Junior

Company Historically Provides H1B Sponsorship

Remote in Canada

Candidates must be based in Canada.

Category
Quantitative Analysis
Quantitative Research
Quantitative Finance
Required Skills
Python
SQL

You match the following Affirm's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 0-2 years of relevant experience in financial data analysis or building quantitative models
  • Experience with SQL, Python, or other scripting languages
  • Strong interpersonal and communication skills, and ability to collaborate and influence across different teams in the organization
  • A proactive leader that can seek out new opportunities, drive projects, navigate ambiguity and develop creative solutions with minimal guidance
  • Desire to understand the broader context of business decisions
Responsibilities
  • Work closely with the Capital Markets team to evaluate, structure and price consumer asset-backed transactions
  • Develop and enhance capital structuring and pricing models tailored to Affirm’s consumer loan portfolio to enable efficient deal execution
  • Build quantitative models to analyze and predict the performance of Affirm’s consumer loans
  • Provide insights on capital markets deals to cross-functional teams for more optimal and efficient funding strategy and merchant pricing
  • Partner cross-functionally with our Capital Markets, Treasury, Merchant Pricing, Credit, Commercial, Product and Engineering teams to evaluate funding, product, and business decisions

Affirm offers point-of-sale financing solutions as an alternative to traditional credit cards, primarily targeting consumers seeking flexible payment options and merchants wanting to provide these plans. Its main service is "buy now, pay later" (BNPL), allowing consumers to make purchases and pay over time through installment plans without hidden fees or deferred interest. Affirm partners with various merchants to integrate its payment solutions into their sales platforms, whether online or in-store, using user-friendly plugins and APIs. The company generates revenue from interest and fees on installment loans and from merchants who pay to offer Affirm's financing options. Additionally, Affirm provides a merchant dashboard for transaction processing and sales training, helping businesses effectively market financing options to increase conversion rates. The goal of Affirm is to empower consumers with more purchasing power while providing merchants with valuable payment solutions.

Company Stage

IPO

Total Funding

$1.1B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

-10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Affirm's partnership with Liberty Mutual boosts its loan capacity by $5 billion until 2027.
  • FICO's inclusion of BNPL data could improve Affirm users' credit scores, attracting more customers.
  • Affirm's entry into the UK market taps into a 20% growth in BNPL volumes.

What critics are saying

  • Increased competition in the UK from PayPal and Klarna may limit Affirm's growth.
  • Potential regulatory challenges in the UK could affect Affirm's operations and compliance costs.
  • CE 100 Index decline may impact investor sentiment towards BNPL companies like Affirm.

What makes Affirm unique

  • Affirm offers transparent installment loans with no hidden fees, unlike traditional credit cards.
  • Affirm partners with over 2,000 merchants, enhancing consumer purchasing power at checkout.
  • Affirm's user-friendly APIs enable seamless integration with online and in-store shopping platforms.

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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.

INACTIVE