Internship
Analytics Internship Summer 2024
Hybrid
Posted on 1/19/2024
Enova
1,001-5,000 employees
Online financial services and credit solutions
Chicago, IL, USA
This job posting requires candidates to be eligible to work in the United States, but the company is not able to sponsor visas or take over sponsorship at this time.
- Working towards a Bachelor's degree, Master's or PhD in a related field of study with a planned graduation of Winter 2024 or Spring 2025
- Advanced programming ability to write customized code for meaningful data analysis in at least one programming language
- Working knowledge of SQL
- Proficiency in spreadsheet applications and advanced use of statistical applications and databases
- Experience communicating technical concepts to a non-technical audience
- Learn the technologies, strategies and analytic techniques used at Enova
- Develop, enhance and test the company’s models for use in determining lending criteria and verification procedures
- Conduct ad hoc analysis using statistical and financial tools to recommend risk management, marketing and operational strategies
- Work with senior management to develop key performance indicators (KPI's) to ensure that products are performing optimally
- Present project findings and results to key executives and the department at the conclusion of the internship
- Experience with AI and machine learning-powered platforms
- Familiarity with financial services and non-prime consumers
- Understanding of online financial services
- Knowledge of traditional banks and accessible credit
Enova provides online financial services, focusing on accessible credit solutions for non-prime consumers and small businesses. Their platform uses machine learning to evaluate creditworthiness, allowing them to offer loans to individuals with lower credit scores who may struggle to obtain financing from traditional banks. Enova differentiates itself by targeting underserved markets, addressing the financial challenges faced by many Americans and small businesses. The company generates revenue through interest and fees on its diverse range of financial products, including personal loans and lines of credit. Additionally, Enova partners with traditional banks to enhance their credit offerings, expanding access to financial services. The goal of Enova is to help hardworking individuals and businesses gain access to reliable credit while promoting diversity and inclusion within its workforce.
Company Stage
IPO
Total Funding
$400M
Headquarters
Chicago, Illinois
Founded
2004
6 month growth
↑ 1%1 year growth
↑ 4%2 year growth
↑ 18%
Simplify's Take
What believers are saying
- Growing demand for alternative lending boosts Enova's customer base and revenue.
- Machine learning advancements improve Enova's credit risk assessment and decision-making.
- Increased regulatory scrutiny on banks may shift trust to Enova's services.
What critics are saying
- Rising interest rates could reduce demand for Enova's loan products.
- Increased competition from fintech startups may erode Enova's market share.
- Changes in credit regulations could impact Enova's product offerings.
What makes Enova unique
- Enova uses machine learning for tailored credit solutions, enhancing customer experience.
- Partnerships with traditional banks expand Enova's market reach and service offerings.
- Focus on underserved markets provides Enova a unique position in the financial sector.
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Benefits
Advance your career - We have a dedicated training team focused on giving you the tools you need to succeed within your department, within the company and in your career. The focus starts day one with a robust onboarding program and continues throughout your career at Enova.
See the benefits - Full-time employees receive medical, dental and vision benefits; matching 401(k); PTO; commuter benefits; flexible spending accounts for health care and dependent daycare; and more!
Be recognized - There’s plenty of room for both lateral and upward movement here at Enova. We’re always interested in promoting from within, and we keep a lookout for top talent who are ready to advance.
Get your perks - Full-time employees can receive tuition reimbursement, one-month paid sabbatical after four years, discounted massages, manicures and other perks.
Give back - We work throughout the year to partner with local charities and assist our neighbors in need. We also offer a charitable match program — allowing team members to double their impact when they donate money to charity.
Have fun - We like challenges here; maybe that’s why we have so many games, competitions and outings. There are a number of ways you can scratch your competitive itch and have fun!