We are OppLoans
Growth with a Purpose
OppLoans is a growing FinTech company that provides accessible and simple-to-understand lending products for middle-income consumers with five-star customer service. We’re growing fast with profitable returns, and new employees can make an immediate impact.
OppLoans is a team of caring and inventive “Opptimists” with diverse perspectives and backgrounds. OppLoans employees approach every new challenge with an unparalleled ability to see what could be rather than settle for what is. We want people to be excited to come to work every morning and know they are a part of something great. That’s why we prize collaboration, collegiality, and letting the best ideas win the day.
The Mathematics Intern will sit within the Compliance team, which oversees how OppLoans follows regulations and requirements. We are a utility team that partners with sub-groups within the company to help ensure these requirements are met. One such requirement is to disclose the cost of our products, which is called the annual percentage rate or “APR”. We are looking for an intern to build a calculator to verify APR. Interns are viewed as full-time members of the team and will be involved in project-based work with quantifiable impact.
Key Job Responsibilities:
- Write complex SQL and/or Python formulas to develop an internal calculator to verify the accuracy of our APR based on Appendix J of the Consumer Financial Protection Bureau’s (CFPB) Regulation Z.
- Discuss development, product, and queries with Business Analytics, Credit and Compliance.
We're seeking passionate, innovative problem solvers with a desire to have a real impact. Candidates must graduate in 2021 with a Bachelor's or Master's degree, preferably in mathematics, economics, or finance. Please note, we will only consider candidates who will be in the Chicago area for summer break.
- Proficiency in Excel.
- Experience with mathematics or financial calculations
- Moderate-to-strong experience working with SQL.
- R/Python (preferred).
- Ability to break down problems and present findings concisely.
- Equation writing and problem-solving.
Employees Love Working Here
With a dynamic startup culture and great benefits, we’ve attracted top talent and boast one of the most engaged offices in the country. In 2019, we were named the 4th fastest growing company in Chicago by Crain’s Chicago Business, received the 86th spot on the Deloitte Fast 500, and are named one of the best companies to work for in the nation by Glassdoor two years in a row. Check out our Glassdoor reviews to see why our employees love us!
Customers Love Our Product
OppLoans is committed to delivering a best-in-class experience to our customers. Don’t believe us? See what our customers are saying on Google and the BBB! We were also named a number one personal lender by Lending Tree, and a “Leader in Quality and Innovation” by the Center for Financial Services Innovation (FinX).
Compensation and Benefits
OppLoans is an equal opportunity employer that does not discriminate against any applicant for employment, or any employee, because of age, color, sex, disability, national origin, race, religion, or veteran status. Our office is conveniently located in downtown Chicago with panoramic views of Millennium Park and Lake Michigan, with rooftop access. We offer a great compensation and benefits package for full-time employees to support you at work and outside of work as you grow your career with us. These include a free gym membership, casual dress policy, subsidized daily lunches, stocked kitchen with healthy snacks and drinks available, an employee and peer recognition program, and intramural sports leagues.