Full-Time

Business Operations Associate

Posted on 5/9/2026

Sallie Mae

Sallie Mae

1,001-5,000 employees

No salary listed

Newark, DE, USA

Hybrid

Hybrid work arrangements with on-site presence in Newark, DE as needed.

Category
Business & Strategy (1)
Required Skills
Data Analysis
Requirements
  • Strong analytical and problem-solving skills, with the ability to analyze data and contribute to process optimization efforts
  • Detail-oriented with excellent organizational skills, capable of managing multiple tasks and deadlines effectively
  • Strong communication and interpersonal skills, with the ability to work collaboratively with cross-functional teams
  • Proficiency in using business software and tools, such as Microsoft Office Suite
  • Knowledge of operational processes and a desire to learn and grow in the field of business operations
  • Ability to adapt quickly to changing priorities and work in a fast-paced environment
  • Positive attitude, team player mentality, and willingness to take on new challenges
  • Support the new school eligibility intake process and ongoing monitoring through: Monitoring our resource box; Completing basic fraud check; Communicate with prospective school customers via email and/or phone; Make initial eligibility determinations; Collection and evaluation of documentation
  • Support school request for information process as needed, including completing assigned RFx responses with a primary focus on proactive and basic documents
Responsibilities
  • Assist in the execution of operational processes to ensure efficient and smooth business operations
  • Collaborate with cross-functional teams to gather data, analyze operational needs, and contribute to process improvement initiatives
  • Contribute to the implementation of strategies to optimize workflow, increase productivity, and enhance operational effectiveness
  • Support the development and maintenance of operational documentation, including process manuals and standard operating procedures (SOPs)
  • Assist in resolving operational issues, escalating when necessary, and proposing solutions
  • Collaborate with team members to coordinate tasks and projects, ensuring timely completion
  • Support the preparation of operational reports and presentations for management review
Desired Qualifications
  • Bachelor's degree in Business Administration, Operations Management, or a related field
  • 1-2 years of experience in business operations, process improvement, or a similar role

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Newark, New Jersey

Founded

1972

Simplify Jobs

Simplify's Take

What believers are saying

  • Q1 2026 EPS $1.54 beat estimates; full-year guidance raised to $3.15.
  • 5% loan origination growth in undergraduate and graduate segments.
  • Act Two Investors bought $15.84M shares in Q1 2026 despite declines.

What critics are saying

  • Delinquencies rise to 3.98% from 3.58%, eroding net interest margins.
  • SoFi captures graduate lending share with zero-fee undergraduate loans.
  • Flat $1.96B TTM revenue matches five-year-ago levels amid demand weakness.

What makes Sallie Mae unique

  • Smart Option loans show lower default rates than Signature program.
  • 95% cosigner rates with average FICO 754 reflect superior underwriting.
  • Regular ABS issuer with $1.5B Smart Option-backed deal in May 2026.

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Benefits

401(k) Retirement Plan

401(k) Company Match

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Pet Insurance

Unlimited Paid Time Off

Paid Holidays

Flexible Work Hours

Hybrid Work Options

Parental Leave

Adoption Assistance

Tuition Reimbursement

Family Scholarship Programs

Career Development Budget

Training Programs

Wellness Program

Gym Membership

Company News

American Banker
Apr 1st, 2026
Sallie Mae's latest ABS deal raises $1.5 billion

Loans originated under Sallie Mae's Smart Option loan program, which have demonstrated significantly lower default rates compared with those from the Signature program, make up the entire collateral pool.

American Banker
Apr 1st, 2026
Sallie Mae raises $1.5B in ABS deal backed by Smart Option student loans

Sallie Mae has raised $1.5 billion through its latest asset-backed securities deal, according to DBRS. The entire collateral pool consists of loans originated under the company's Smart Option programme, which has demonstrated significantly lower default rates compared with its Signature programme. The improved performance is attributed to better credit quality amongst Smart Option borrowers and tighter underwriting guidelines. Asset-backed securities deals allow lenders to package loans and sell them to investors, freeing up capital for new lending.

MyChesCo
Mar 14th, 2026
Sallie Mae prices $618M student loan asset-backed securities deal

Sallie Mae Bank has priced a $618 million student loan asset-backed securities transaction, its first deal in 2026. The securities are backed by seasoned private education loan assets originated and serviced by Sallie Mae Bank. The company reported strong investor demand, with the offering distributed across a range of institutional investors. Chief financial officer Pete Graham said the transaction achieved tighter pricing than Sallie Mae's previous on-balance-sheet asset-backed securities deal despite current market volatility. The offering supports the company's diversified funding strategy and reinforces its position as a regular issuer in the student loan asset-backed securities market. Sallie Mae provides private student loans and financial products designed to support access to higher education.

Yahoo Finance
Feb 2nd, 2026
Sallie Mae appoints Steve Turner as chief technology and enablement officer

Sallie Mae has appointed Steve Turner as Chief Technology and Enablement Officer, overseeing technology architecture, IT innovation, data and security. Turner brings over 25 years of technology leadership experience, most recently serving as Managing Director and Head of Data, Analytics, Insights and Marketing Technology at Bank of America. Before Bank of America, Turner spent more than a decade at Walgreens, leading digital transformation in roles including Chief Information Officer and Senior Vice President of Digital Operations. He holds a Bachelor of Science in Computer Science from Chapman University and an MBA from Northwestern University's Kellogg School of Management. In his new role, Turner will lead Sallie Mae's digital transformation and data strategy to enhance customer experiences for students and families accessing higher education financing.

Yahoo Finance
Jan 23rd, 2026
Sallie Mae shares jump 3.9% on Q4 earnings beat of $1.12 per share, revenue up 16.4%

Sallie Mae shares rose 3.9% after the student loan provider reported fourth-quarter 2025 results that exceeded Wall Street expectations. The company posted earnings of $1.12 per share, beating analyst estimates of $0.94, whilst revenue reached $454.1 million against forecasts of $449.7 million, representing a 16.4% year-on-year increase. However, net interest income of $377.1 million fell slightly short of expectations. The company's full-year 2026 earnings guidance of $2.75 per share at the midpoint also missed analyst estimates by 1%. Two months ago, the stock dropped 16.4% after multiple analyst downgrades citing concerns about higher expense outlooks. Morgan Stanley downgraded from 'Overweight' to 'Equalweight', whilst Compass Point cut its rating from 'Buy' to 'Sell'. Sallie Mae currently trades at $27.42 per share.