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Full-Time

Sr. Data Engineer

Posted on 8/14/2023

Theorem

Theorem

51-200 employees

Invests in high-performing online loans

Data & Analytics
Fintech
Financial Services

Compensation Overview

$150k - $220kAnnually

+ Bonus + Equity

Mid, Senior

San Mateo, CA, USA + 1 more

More locations: New York, NY, USA

Requires in-office presence in New York, New York, and San Mateo, California on Tuesdays and Thursdays.

Category
Data Engineering
Data & Analytics
Required Skills
Python
SQL
Requirements
  • A minimum of 4 years of Data Engineering experience at a technology company
  • Track record of effectively communicating technical concepts and scope solutions
  • Experience building automated reports, dashboards, and visualizations of curated data
  • Experience assessing, implementing, and monitoring data validation and quality
  • Fluency in SQL and Python
  • Deep expertise in relational data modeling, schema design, and normalization
  • Previous experience in the financial industry
Responsibilities
  • Partner with stakeholders and senior leaders to understand needs and set priorities for data-driven workflows
  • Scope new infrastructure capabilities and partner with engineers to deliver them
  • Develop robust software to support new and existing data initiatives
  • Contribute to creating an industry-leading loan modeling platform
  • Build complex data pipelines with high demands for correctness, speed, robustness, and availability
  • Ensure availability and freshness of data through ETL ownership and automated alerting strategies
  • Integrate system operational data sources into the data warehouse
  • Quantify and track data quality across all pipelines
  • Ensure end-user discovery and accessibility of data by normalizing, standardizing, and cataloging assets

Theorem Marketplace Lending specializes in investing in loans from online lenders using data science and machine learning. The company analyzes large datasets with algorithms to identify loans that are likely to be repaid, focusing on marketplace lending, which is different from traditional bank loans. By combining quantitative data with credit insights, Theorem aims to make accurate credit pricing decisions. Their strategy is to generate strong returns for investors by selecting loans with lower default risks, such as wedding loans, which have a higher repayment likelihood compared to business loans. Theorem manages investment funds for various clients, including endowments and pensions, and earns revenue through management and performance fees based on investment returns. Theorem's goal is to provide reliable returns across different economic conditions by leveraging technology to make informed investment choices.

Company Stage

Seed

Total Funding

$2.6M

Headquarters

San Francisco, California

Founded

2014

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

9%
Simplify Jobs

Simplify's Take

What believers are saying

  • Managing over $1 billion in assets demonstrates Theorem's strong market position and trust from a diverse range of institutional investors.
  • The use of sophisticated algorithms and statistical models enhances the accuracy of credit pricing decisions, potentially leading to higher returns for investors.
  • Theorem's focus on short-duration yields provides investors with quicker returns, which can be particularly appealing in volatile economic conditions.

What critics are saying

  • Reliance on advanced data science and machine learning models means that any flaws or biases in the algorithms could lead to poor investment decisions.
  • The marketplace lending sector is relatively new and could face regulatory changes that impact Theorem's business model.

What makes Theorem unique

  • Theorem leverages advanced data science and machine learning to identify top-performing loans, setting it apart from traditional investment firms that may rely more on human judgment.
  • Their focus on marketplace lending, particularly loans originated by online platforms, differentiates them from firms that invest in traditional bank-originated loans.
  • Theorem's unique approach of targeting loans statistically more likely to be repaid, such as wedding loans, minimizes default risks and maximizes returns.

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Benefits

Competitive salary, bonuses, and equity

Covered medical, dental, vision, & life insurance

Unlimited vacation days

Parental leave

401k contributions

Paid team offsites and catered meals

Opportunities for remote work

Training resources & conferences reimbursed

Equity plans

Referral bonuses

Sponsorships available

INACTIVE