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Full-Time

Senior Data Scientist

Posted on 8/25/2023

Rocket Money

Rocket Money

201-500 employees

Personal finance management mobile application

Data & Analytics
Financial Services

Compensation Overview

$160k - $200kAnnually

Senior

Remote in USA

Category
Data & Analytics
Required Skills
Data Science
Marketing
Requirements
  • 6+ years of professional experience working in a data science capacity
  • Experience in databases, data warehouses, and at least one programming language
  • Experience in customer modeling/segmentation, time series modeling, natural language processing and classification, design of experiments, machine learning applied to consumer products
  • Experience in fintech, banking or finance is a plus
Responsibilities
  • Work alongside product and marketing teams to understand members’ product usage, predict customers’ lifetime value, and estimate user retention
  • Optimize continuous product feedback loops
  • Create customer segmentation models
  • Help develop the next version of Autopilot and Budgets
  • Uncover and exploit relationships between customers’ subscriptions and purchase data
  • Design and conduct experiments to estimate the impact of new products, customer messaging, and marketing
  • Become a subject matter expert in your area of specialty and lead projects from start to finish
  • Become an expert on members' needs and financial goals
  • Be a steward of good instrumentation and experimental design
  • Maintain a high technical bar
Desired Qualifications
  • Excellent writing, presentation, and communication skills
  • Team player with strategic collaboration skills
  • Player/coach mindset
  • Continuous improvement and automation philosophy
  • Experience mentoring and developing junior data scientists
  • Excitement for hard problems and big challenges

Rocket Money helps individuals manage their personal finances through a mobile application that offers various tools for financial management. Users can access services like bill negotiation, subscription management, budgeting, credit score monitoring, and smart savings, all aimed at helping them save money and track their spending. Unlike many competitors, Rocket Money focuses on a member-centric approach, maintaining communication with users to tailor services to their needs. The company generates revenue through subscription fees and a percentage of savings from bill negotiations. The goal of Rocket Money is to empower people to achieve better financial health and control over their finances.

Company Stage

M&A

Total Funding

$84.1M

Headquarters

Los Angeles, California

Founded

2015

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Rocket Money's acquisition of TrueBill for $1.2B has significantly bolstered its capabilities in subscription management, making it a leader in this space.
  • The launch of its first credit card in beta has received positive feedback, indicating potential for new revenue streams and user engagement.
  • Being rated as the #2 app in the finance category highlights Rocket Money's strong market presence and user approval.

What critics are saying

  • The crowded personal finance management market requires Rocket Money to continuously innovate to maintain its competitive edge.
  • Dependence on subscription fees and service charges means that any economic downturn could impact user willingness to pay for premium services.

What makes Rocket Money unique

  • Rocket Money's comprehensive suite of financial tools, including bill negotiation and subscription management, sets it apart from competitors who may focus on only one or two aspects of personal finance.
  • The company's revenue model, which includes taking a percentage of savings from bill negotiations, aligns its success directly with user savings, creating a win-win scenario.
  • Rocket Money's strong emphasis on data security and user-centric design enhances trust and satisfaction among its users, differentiating it from less secure or user-friendly alternatives.

Benefits

Health, dental, & vision coverage

Unlimited PTO

Competitive pay

Daily catered lunch

401k matching

Commuter benefits

Unlimited snacks & kombucha on tap

Life insurance

INACTIVE