Principal Software Engineer, Upstart
Small Dollar Loans
$180.6-250k
+ Bonus + Equity
More information about location
AI lending marketplace
Open for applications
AI lending marketplace
1001+ employees
Open for applications
$180.6-250k
+ Bonus + Equity
More information about location
1001+ employees
Company mission
To enable effortless credit based on true risk.
Role
Who you are
- 10+ years software engineering experience
- Strong technical and software engineering fundamentals including a demonstrated ability to build and own large-scale, highly available consumer products
- Ability to explain complex business and technical concepts to all audiences
- Experience leading large cross-team initiatives at companies that have gone through periods of rapid business or organizational growth
- Track record of successfully mentoring and developing technical leaders
Desirable
- Defined and executed on longer term (multi-quarter +) technological visions or strategies for multi-team organizations
- Driven initiatives of significant depth or breadth with demonstrated results in engineering process, technology platforms, or overall productivity of others
- Ability to identify gaps in organizational knowledge, tools, and practices and produce and execute on plans to address those gaps
- Ability to influence and lead without direct authority
- Strong product and analytical mindset that allows you to think in terms of ROI, risk, and trade offs
- Excellent written and verbal communication
- Highly autonomous and proactively finds the most impactful projects to work on
What the job involves
- The Small Dollar Loan team is looking for an engineer passionate about making a difference in the lives of millions of Americans every day!
- As the Principal Engineer at Upstart, you will collaborate with all parts of the Small Dollar business and Upstart engineering teams, including Machine Learning, Data Engineering, Product Management, Product Design, Platform, Servicing, Lending Partnerships, and Capital Markets
- The role will report directly to a Director of Engineering and work closely with the Small Dollar Loan engineer team, focusing on driving down operational and servicing costs
- Create Northstar architectures for Small Dollar Loan post originations flow
- Align with the servicing vertical team’s technical vision
- Build core high leverage components and patterns to unlock high quality execution from engineering teams
- Collaborate with cross functional stakeholders to solve business problems
- Mentor engineers
- Move the Upstart technology platform forward
Our take
Business startups across the world usually seek out funding, but this is often difficult for companies led by millenials. Millennial entrepreneurs with an excellent track record in business are increasingly requiring access to these loans, but their lack of credit history results in proposals frequently being declined.
Upstart provides loans that are aimed towards the target audience of millennials with entrepreneurial intentions, offering low interest rates that average at 12%. The company claims these rates are 10% lower than traditional lenders, and the service aims towards ensuring that the client is subject to no further fees (such as prepayment penalties).
Upstart claims that its unique selling point lies in the fact that its loans are funded the day after approval. Whilst the service focuses on personal loans for business, the company has also expanded to offer loans for car refinancing. Over 2022 and 23, Upstart's stocks fell dramatically and an investigation was undertaken by a law firm representing the company's long-term investors over alleged security law violations by its board of directors. However, the end of 2023 saw a 20% stock value rise for Upstart after its partnership with Mutual Security Credit Union led to a rise in customers, indicating that it is on the up after a difficult two years.
Freddie
Company Specialist
Insights
Some candidates hear
back within 2 weeks
-16% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Apr 2019
$50m
SERIES D
Mar 2017
$32.5m
SERIES D
Total funding: $135.7m
Company benefits
- Comprehensive health plans
- 401k Plan
- Life insurance
- Disability insuranc
- Generous vacation policy
- Flexible time off
- Parental leave
- Technology equipment budget
- Personal development budget
- Various clubs and extracurricular activities
- Catered lunches
- Fully-stocked micro-kitchen
Company values
- Every second counts
- Do the right thing even when it's hard
- Make clever use of numbers
- Be smart and know you might be wrong
- Don't assume it can be done
Company HQ
South San Mateo, San Mateo, CA
Articles
Leadership
David Girouard
(CEO)They started their career at Accenture and Booz Allen & Hamilton before working in Product Management at Apple and Virage. They left their role of 8 years as President of Enterprise at Google to found Upstart in March 2012.
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