Machine Learning Engineer, Upstart

$123.2-170.5k

+ Bonus + Equity

Python
Entry, Junior, Mid and Senior level
Remote from US

More information about location

Upstart

AI lending marketplace

Open for applications

Upstart

AI lending marketplace

1001+ employees

B2CMarketplaceLendingFinancial Services

Open for applications

$123.2-170.5k

+ Bonus + Equity

Python
Entry, Junior, Mid and Senior level
Remote from US

More information about location

1001+ employees

B2CMarketplaceLendingFinancial Services

Company mission

To enable effortless credit based on true risk.

Role

Who you are

  • Phd in a quantitative field with 0+ years of relevant experience
  • Masters in a quantitative field with 2+years of relevant experience
  • Bachelors in a quantitative field with 4+years of relevant experience
  • Experience in Python
  • Experience with Machine Learning

What the job involves

  • Upstart’s Machine Learning, Personal Loan Underwriting team is focused on leveraging machine learning to power Upstart’s underwriting models
  • This team is responsible for building the underwriting model which determines credit decisioning at Upstart
  • This model plays a central role in Upstart’s overall performance as a company and includes numerous challenging problems to solve
  • As a Machine Learning Engineer, PL UW at Upstart, you will collaborate with our Research Scientists, Data Scientists, and other engineering departments
  • You will increase ML productivity through better software and infrastructure; and improve how we research, train, deploy, serve and monitor our models
  • You will reduce the time it takes to go from idea to production, and enable us to test out new ideas. This will all manifest in us delivering on our critical mission of enabling access to credit more effectively
  • You will design and implement code and algorithms to help improve our model’s predictive power
  • Build repeatable workflows and automation that enables scientists to spend more time on high leverage tasks (methodology, writing, analysis) and less on keeping the lights on or getting things to run
  • Discover and develop a short and long-term roadmap of engineering improvements on the PL UW team
  • Explore new algorithms and methodologies for our machine learning models
  • Interface cross-functionally with other engineering teams (data engineering, machine learning platform, pricing, and growth software engineering), to provide feedback and requirements, so that we can build high-quality systems end-to-end

Share this job

View 66 more jobs at Upstart

Insights

Top investors

-16% employee growth in 12 months

Company

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

Funding (last 2 of 6 rounds)

Apr 2019

$50m

SERIES D

Mar 2017

$32.5m

SERIES D

Total funding: $135.7m

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 headshot

Freddie

Company Specialist at Welcome to the Jungle