Treasury Manager

Upstart

13d•$133,400 - $212,300•Remote

About The Position

Upstart's Risk Capital team manages the co-investments that Upstart engages with its funding partners on a long-term commitment basis. It’s a ~$11B+ book, and the team owns how those investments perform, what they’re worth, the risks they carry, and the monthly reporting that keeps our investor partners informed. As the marketplace grows, the team is building the portfolio oversight and automation to manage it at scale. As the Treasury Manager, Risk Capital at Upstart, you will help manage this portfolio of investments — tracking how it performs, what it’s worth, and the risks it carries — while running the hands-on, deal-by-deal process and reporting behind it each month. Think of it as a portfolio-management role with an operational focus. You’ll also lead the automation roadmap that lets the program keep scaling, and mentor two junior analysts.

Requirements

Bachelor’s degree, or equivalent practical experience, in finance, economics, mathematics, engineering, or a related quantitative field.
5+ years of experience in investment management, portfolio management, structured finance, or capital markets.
Demonstrated experience building and auditing cash-flow or financial models in spreadsheets.
Experience querying and analyzing data with SQL or a comparable query language.

Nice To Haves

Experience with consumer loans, asset-backed or whole-loan investments, or marketplace lending (e.g., personal, auto, or home-equity loans).
Proficiency with Python and hands-on use of AI tools to automate analysis, modeling, or reporting.
Familiarity with how returns are shared across different deal structures, and with monitoring investment performance and risk.
Experience supporting investor relationships, settlements, or reporting for institutional investors.
Ability to explain complex deals and numbers in plain language for senior leaders and investors.
Experience leading process-improvement or automation initiatives within a finance or analytics function.

Responsibilities

Run the monthly process end-to-end with operational excellence — performance reporting and settlement for each investment.
Calculate and stand behind the amounts owed between Upstart and each investor every month, and work with our investor-facing team to settle them.
Monitor the portfolio’s performance, value, and risk across all investments, and surface what matters to Finance and Treasury leadership.
Partner across Capital Markets, Accounting, Treasury, Audit, and our investor-facing team to bring on new deals and answer investors’ questions on performance and settlements.
Lead the automation that modernizes how the team works with AI enablement.
Mentor two junior analysts on the analysis, the modeling, and the judgment behind the numbers.

Benefits

Competitive compensation, including base pay, bonus opportunities, and annual equity grants that vest quarterly
Retirement benefits to help you plan for the future, including a 401(k) or Group Retirement Savings Plan with a company match of $2 for every $1 contributed, up to $15,000 annually (USD in the US, CAD in Canada)
Employee Stock Purchase Plan (ESPP) with discounted stock purchase options for eligible employees (US only)
Comprehensive health coverage designed to support you and your family, including medical, dental, vision, and wellness resources for US and supplemental health coverage for Canada.
Health Savings Account contributions from Upstart for eligible plans (US only)
Income protection benefits, including life insurance and disability coverage for added financial security
Paid time off, sick leave, and company holidays, in line with local requirements
Paid family and parental leave to support caregiving and major life moments (duration varies by country)
Family-centered benefits to support fertility, parenthood, and caregiving needs
Employee Assistance Program (EAP) offering mental health support and life-centered resources
Financial wellness resources, including access to financial planning tools and a financial concierge service (US Only)
Annual wellness allowance to support your physical and emotional well-being and personal development, based on what matters most to you
Annual productivity allowance to invest in relevant tools and resources you need to do your best work, no matter where you work from
Connection and community through team events, all-company updates, and employee resource groups (ERGs)
Onsite perks, including catered lunches and fully stocked micro-kitchens when working from one of our offices in the Bay Area, Austin, Columbus, and New York City (opening Summer 2026!)