Senior Product Manager, Prosper Marketplace
Growth
$146-227k
+ Bonus
More information about location
Online P2P lending marketplace
Open for applications
Online P2P lending marketplace
201-500 employees
Open for applications
$146-227k
+ Bonus
More information about location
201-500 employees
Company mission
To advance financial wellbeing by providing affordable financial solutions to consumers across the credit spectrum.
Role
Who you are
- Education: Bachelor’s degree in business, finance, or related fields. MBA is a plus
- Experience: 5–10 years of outcome-driven Product Management or relevant experience. Previous experience in a fintech industry and exposure to working in marketplace platform preferred. Track record of defining and launching outstanding consumer-facing products
- Extreme Ownership: Demonstrated extreme ownership of business goals, with a commitment to hitting key performance metrics quarterly
- Growth Strategy Experience: Prior experience ideating, crafting, managing, and delivering growth strategies, with a proven ability to identify opportunities and lead product experiments
- Analytical Skills: Proficient in data analysis, using insights to drive decision-making and achieve desired outcomes
- Communication Skills: Excellent communication skills, adept at articulating complex ideas to diverse stakeholders, including leadership and executive teams
- Leadership Skills: Proven ability to inspire your squads and foster a culture of accountability and achievement
- Strategic Thinking: Strong strategic thinking and problem-solving skills focused on achieving measurable outcomes
- Innovative Thinking: Demonstrated ability to innovate and generate ideas to drive product advancement
- Project Management Skills: Excellent project management skills, focused on delivery and action oriented
What the job involves
- As a Senior Product Manager for Personal Loans at Prosper, you will drive growth and customer acquisition by executing a comprehensive product strategy and managing product roadmaps
- You will design innovative strategies to ensure a balanced marketplace between borrower and investor demands
- You will conduct market research and competitive analysis with the UX and Product Analytics teams, presenting ideas for product enhancements. Leveraging data analytics, you will monitor performance, identify improvements, and report key metrics
- Fostering a customer-first mindset, you will focus on building a best-in-class customer experience. Collaboration with cross-functional teams such as UX, Engineering, Product Analytics, Credit Risk, Marketing, Operations, and Capital Markets is essential for scalable product innovation
- You will engage with key stakeholders, including executive leadership, to communicate product vision, strategy, and performance, ensuring compliance with financial regulations and industry standards
- Results-Driven Execution: Drive implementation processes to achieve key outcomes, focusing on tangible results and meaningful business impact
- Strategic Contribution: Contribute to the development and refinement of the personal loan product vision and strategy, ensuring alignment with business objectives and market needs
- Servicing Execution: Implement the transformation of the servicing experience, taking ownership of success metrics and ensuring a seamless rollout
- Product Launches: Execute end-to-end product launches efficiently, collaborating with cross-functional teams for successful market entry and adoption
- Collaborative Implementation: Work closely with cross-functional teams to effectively execute product strategies and achieve desired outcomes
- Continuous Improvement: Identify and implement process enhancements to improve efficiency and effectiveness in product implementation
- Data-Driven Decisions: Utilize data and analytics to guide implementation decisions and continually optimize product performance
- Stakeholder Alignment: Ensure alignment with stakeholders on outcome expectations and maintain consistent communication on progress
- Business Case Development: Contribute to developing compelling business cases, outlining the value proposition, market opportunity, and ROI for proposed product initiatives
Our take
Prosper is a peer-to-peer lending platform, meaning that instead of lending money itself, it connects investors with borrowers directly. When it launched in 2005 it was the first of its kind and paved the way for the now crowded peer-to-peer lending market, which includes competitors like Peerform, Upstart, Funding Circle, and Prosper’s largest rival, LendingClub.
The company provides an attractive option by cutting out the middleman and making applications faster, meaning that socially and financially rewarding investments can be made. Prosper is one of the largest and most recognized in this industry, having facilitated more than $20 billion in loans to nearly 1.5 million borrowers.
The company certainly felt the effects when the marketplace lending industry crashed in 2016, with more than $1 billion wiped from the company’s valuation. Since then, Prosper has secured new funding and continues to develop. In recent years the company has forged ties with banks to allow it to launch its home equity credit line, indicating a new direction for the company.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
2% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Sep 2017
$50m
SERIES G
Jan 2013
$20m
LATE VC
Total funding: $153.8m
Company benefits
- Take-what-you-need (paid) vacation for salaried employees
- 20 days of PTO and 7 paid holidays/year for hourly employees
- Stock options
- 401K retirement savings plan with generous matching
- Comprehensive health, dental and vision insurance plans, with options specific to your own health coverage needs
- Prosper Fit - A monthly stipend to use for gym memberships, personal training sessions, yoga and exercise classes, or club sports/fitness fees
- Pre-tax commuter/parking assistance
- Snacks and beverage selections in our kitchen
- Monthly meet-and-greet happy hours
- Perkspot discount programs
- One Medical
- SF Location - Rooftop deck with ping-pong and foosball table
Company values
- Accountability
- Collaboration
- Excellence
- Diversity
- Simplicity
- Integrity
Company HQ
The East Cut, San Francisco, CA
Articles
Leadership
David Kimball
(Chairman and CEO)Having studied for an MBA at Brigham Young University, David worked in Management at Ford Motor Company for over 10 years, prior to spending another decade at USAA. He left his role as CFO and COO to join Prosper Marketplace in March 2016 as CEO and Chairman.
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