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Full-Time

Strategy & Operations Associate

Posted on 7/19/2024

EarnIn

EarnIn

201-500 employees

Provides early wage access without fees

Consulting
Fintech
Financial Services

Compensation Overview

$117k - $143kAnnually

+ Equity

Mid

Palo Alto, CA, USA

Category
Strategy Development
Business & Strategy
Required Skills
Communications
Management
Marketing
Requirements
  • 3+ years experience in management consulting, or strategy or business operations at a fast-growing company
  • Proven track record of working cross-functionally to drive alignment and decision-making
  • Program / project management experience, with an eye towards building scalable processes
  • Outstanding executive-level verbal and written communication skills
  • Excellent analytical skills and ability to structure complex problems
  • Intellectual curiosity and ability to learn new subjects quickly
  • Startup experience and enthusiasm for FinTech preferred
  • BS/BA required
Responsibilities
  • Manage and streamline EarnIn’s strategic planning and goal setting processes; support EarnIn’s headcount and investment allocation processes in coordination with the Finance and People teams
  • Support the Leadership Team’s operating cadence — maintain a regular cadence of business reviews, meetings, and reporting to ensure alignment and progress; optimize these forums for scale and efficiency
  • Support company-wide All Hands meetings and Board meetings — including cross-functional coordination, crafting communications, and content creation
  • Build a BizOps “center of excellence”– develop tools and resources for employees to support strategic planning; build out program management, goal-setting, business reporting, and other best practices
  • Program manage high-priority, cross-functional initiatives; define and track deliverables and timelines
  • Regularly and proactively partner with key stakeholders across Product, Finance, Marketing, Legal, People and other functions to assist in addressing issues, driving alignment, and quickly advancing priorities

Earnin provides a platform that allows individuals to access their earned wages before their official payday. Users can cash out a portion of their earnings without incurring any fees or interest, making it a convenient option for those needing quick funds for emergencies or daily expenses. The app features a "Balance Shield" that helps users maintain their bank account balance by automatically depositing money if it falls below a certain level. Unlike traditional financial institutions, Earnin operates on a unique model where users can choose how much to pay for the service, fostering a community-driven approach that encourages voluntary contributions. This model promotes financial fairness and accessibility, as users can contribute as little as zero dollars. Additionally, the "Tip Jar" feature helps users set and achieve savings goals in an engaging way. Earnin prioritizes user privacy and data security with 256-bit encryption.

Company Stage

Series C

Total Funding

$264.6M

Headquarters

Palo Alto, California

Founded

2012

Growth & Insights
Headcount

6 month growth

3%

1 year growth

21%

2 year growth

71%
Simplify Jobs

Simplify's Take

What believers are saying

  • Earnin has facilitated over $15 billion in earned wages, demonstrating significant user trust and market penetration.
  • Recognition through awards like the Best Payments App and Globee CEO World Awards highlights Earnin's industry leadership and innovation.
  • Strategic hires in legal and cybersecurity positions strengthen Earnin's compliance and data security, crucial for maintaining user trust and regulatory adherence.

What critics are saying

  • Past legal issues, such as the 2019 class action lawsuit for deceitful lending practices, could impact Earnin's reputation and user trust.
  • The voluntary contribution model may not be sustainable long-term if users opt to pay little or nothing for the service.

What makes EarnIn unique

  • Earnin's no-fee, no-interest model for accessing earned wages sets it apart from traditional financial institutions that rely on mandatory fees and interest charges.
  • The community-driven 'pay it forward' approach fosters a sense of mutual support and financial fairness, unlike competitors who do not emphasize community contributions.
  • Earnin's Balance Shield and Tip Jar features provide additional financial security and savings options, enhancing user experience beyond simple wage access.

Benefits

Life in balance - Ten company holidays and flexible time off so you can rest and recharge when you need it most. With pay, no catch.

Family matters - When your family grows, we want your focus on them. Our generous parental leave policy and wellness funds make it easy to put yourself and loved ones first.

Learn & grow - A commitment to career development that includes regular training for team members and managers alike, 360 feedback, and an annual stipend for growth opportunities.

Company culture - Employee Resource Groups provide growth opportunities and allow you to create the company *you* want to work at (more on that below).

Health & wellness - Flexible healthcare options across medical, dental, and vision—and a free Employee Assistance program offering mental health resources and legal advice.

Save & support - Includes Earnin’s 401(K) and FSA plans with tax advantages for retirement, healthcare, and dependent care expenses.

INACTIVE