Risk Analyst II, Student Loans

Overview

Our mission is to make higher education accessible and affordable for everyone. We empower students with financial support and supercharge their ability to pay down their debt, so they can get on the right financial track, fast.

We build tools that help people feel in control of their financial future, including:

• Private student loans - low rates, people-first service, and flexible payments.
• Student loan refinancing - break free from high-interest rates or monthly payments.
• Scholarships - access to thousands of scholarships to help students pay less.

Earnies are committed to helping students live their best lives, free from the stress of student debt. If you’re as passionate as we are about our mission, read more below, and let’s build something great together!

The Risk Analyst II will report to Senior Credit Risk Manager, Student Loans.

As the Risk Analyst II, you will:

• Perform qualitative and quantitative analyses to inform credit strategies across loan approvals, pricing, servicing, and collections
• Track and analyze loan portfolio performance to identify emerging risks, trends, and opportunities for optimization
• Test and evaluate credit risk controls, identify gaps, and recommend improvements to strengthen risk mitigation
• Monitor and report on key risk metrics and KPIs, including investigation of compliance and credit risk gaps
• Partner cross-functionally with Product, Operations, Compliance, and Engineering to implement and validate credit policies and workflows

• 2+ years of experience in credit risk or a data-centric analytical role (e.g., financial modeling, consulting, pricing, or risk analytics)
• Bachelor’s degree in a quantitative field such as Economics, Finance, Engineering, or a related discipline
• Strong SQL skills and experience working with large datasets in an analytical environment
• High attention to detail with the ability to synthesize and communicate complex analyses clearly
• Demonstrated critical thinking, problem-solving skills, and comfort working on multiple projects under tight deadlines

• Experience analyzing loan portfolios within consumer lending products
• Familiarity with internal controls, data governance, and financial regulations
• Experience with statistical modeling concepts or data modeling tools (e.g., dbt)
• Experience with Python and BI tools like Tableau and looker.
• Exposure to underwriting, servicing, or collections strategies in a lending environment

• This role will be based in the US.

A little about our pay philosophy:
We take pride in compensating our employees fairly and equitably. We are showcasing a range of your potential base salary based on the roles location. The successful candidate’s starting pay will also be determined based on job-related qualifications, internal compensation,candidate location and budget. This range may be modified in the future.

Pay Range : $84,400 USD - $117,500 USD

• Health, Dental, & Vision benefits plus savings plans
• Mac computers + work-from-home stipend to set up your home office
• Monthly internet and phone reimbursement
• Employee Stock Purchase Plan
• Restricted Stock Units (RSUs)
• 401(k) plan to help you save for retirement plus a company match
• Robust tuition reimbursement program
• $1,000 travel perk on each Earnie-versary to anywhere in the world
• Competitive days of annual PTO
• Competitive parental leave

At Earnest, our people bring our cultural principles to life. These principles define how we work, how we win, and what we expect of ourselves and each other:

• Every Second Counts
  :
  Speed is our competitive advantage. Our customers need better solutions, and the faster we execute, the greater our chance of success.
• Choose To Do Hard Things
  :
  We win by tackling the hard things that others avoid, fueled by grit and resilience.
• Pursue Excellence
  :
  Great companies, teams, and individuals never settle and are proud of the work that they do. What’s good enough today won’t be good enough tomorrow. Excellence isn’t a destination; it’s a mindset of continuous improvement.
• Lead Together
  :
  Our success comes from how we work together. Leadership is not about titles—it is about action. We take ownership, drive…