Business Analytics and Development Consultant
Company: Varo Money, Inc.
Location: San Francisco
Posted on: September 24, 2024
Job Description:
Varo Bank is seeking a highly skilled Business Development and
Strategy Expert with deep expertise in consumer banking & payment
products, and partnerships. This short-term, multi-month contract
role focuses on evaluating opportunities to enhance our product
offerings and overall banking strategy, initially focusing through
the lens of interchange economics.The ideal candidate will possess
a strong analytical background combined with strategic thinking, be
highly proficient in financial modeling and quantitative analysis,
and excel at producing compelling presentations based on their
analysis. You have the opportunity to directly influence Varo's
growth through strategic product analysis.What you'll be doing
- Evaluate opportunities to enhance Varo Bank's consumer banking
and payment services with a focus on commercial impact and customer
value.
- Analyze data and build sophisticated financial models and
conduct in-depth quantitative analysis to influence product and
service enhancements.
- Analyze payments products with a focus on interchange dynamics,
including revenue drivers and cost factors affecting
profitability.
- Develop deep insights into interchange economics and their
impact on Varo's overall financials, identifying opportunities to
optimize revenue and cost of interchange at the utmost detailed
level.
- Collaborate with cross-functional teams to align payments and
banking strategies with more granular commercial goals.
- Produce strategic decks to communicate analysis, insights, and
recommendations to senior leadership, ensuring compelling and
data-driven storytelling.
- Extract and analyze raw data using SQL and Tableau to provide
actionable insights for product and business decisions.You'll bring
the following required skills and experiences
- Payments Industry Expertise.
- Deep understanding of financial and technical aspects of debit
and credit payments, specifically interchange revenue as well as
cost lever.
- Retail banking and consumer products experience with focus on
digital banking, checking, and savings.
- Quantitative Analysis: Proficient in building advanced
financial models and performing detailed forecasting and
sensitivity analysis for product and payments decisions and
optimizations.
- Strategic Deck Production: Producing high-quality strategic
presentations, making recommendations based on data analysis, and
effectively communicating insights as proposals to senior
stakeholders as well as the wider bank.
- Technical Proficiency: Advanced skills in SQL for data
extraction, Tableau for data visualization, and Excel for financial
modeling.
- Business Development Focus: Strong commercial focus on
maximizing revenue and enhancing customer experience through
product and service enhancements.
- Strategy Consulting Experience: Prior experience in strategy
consulting (e.g., McKinsey, BCG, Bain) is a big plus, particularly
deep exposure to the financial services and payments sectors with
knowledge of the consumer fintech space.
- Hands-on Approach: Willingness to roll up sleeves and dive deep
into working with data, perform detailed analysis, and translate
findings into strategic recommendation proposals.
- Ideal Candidate Profile: 5+ years of experience in business
development, financial analysis, strategy consulting, with a focus
on consumer banking and payments industry. Demonstrated deep
expertise in consumer banking products, interchange dynamics, and
previous instances of optimizing revenue and costs.
- Proven ability to produce compelling strategy decks and
recommendations based on thorough quantitative analysis.
- Previous experience in a top-tier consulting firm with a focus
on FinTech, wider financial services and payments sectors is highly
desirable.$50 - $75 an hourFor cash compensation, we set standard
ranges for all US-based roles based on function, level, and
geographic location, benchmarked against similar-stage growth
companies. Per applicable law, the salary range for this role is
$50 - $75. Final offer amounts are determined by multiple factors
as well as candidate experience and expertise and may vary from the
identified range.
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Keywords: Varo Money, Inc., San Francisco , Business Analytics and Development Consultant, Professions , San Francisco, California
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