Product Manager , ModernFi
$130-170k
+ Equity
Deposit management for financial institutions
Open for applications
Deposit management for financial institutions
21-100 employees
Open for applications
$130-170k
+ Equity
21-100 employees
Company mission
To increase the stability and performance of US financial institutions and the communities they serve.
Role
Who you are
- 3+ years of experience in product management at a SaaS, software, or fintech company preferred
- Demonstrated ability to take ownership of complex product areas and drive them to meaningful outcomes
- Exceptional communication and organizational skills
- Comfort working with technical teams and understanding how software is built
- A track record of execution, with examples of shipping high-quality features under tight timelines
- Strong user empathy and a problem-solving mindset
- Deep appreciation for the relationship between product, operations, compliance, and client success
- Hunger to build, drive impact, and be part of a high-performance team
What the job involves
- ModernFi is hiring a Product Manager to help scale our platform as we expand across the bank and credit union landscape
- As a core member of our high-impact Product and Engineering team, you’ll take ownership of initiatives from concept to launch, working cross-functionally with engineering, operations, account management, and leadership to design solutions that are functional, scalable, and beloved by our clients
- This is a unique opportunity to help build critical financial infrastructure from the ground up and shape the future of the American financial system
- We’re looking for someone who is thoughtful, structured, and relentlessly outcome-oriented—someone who thrives in a fast-paced environment, executes with urgency, and is motivated by building technology that solves real problems
- At ModernFi, we believe in hiring top talent and giving you the autonomy to build impactful solutions, while fostering a culture of collaboration and learning
- You’ll deepen your expertise, contribute to mission-critical systems, and build products that empower banks and credit unions to better serve their communities and improve financial health nationwide
- Own the product lifecycle across key areas of the platform: from discovery and prioritization to specification, implementation, and launch
- Collaborate with engineering, operations, account management, and leadership to ship scalable and secure financial infrastructure
- Work closely with clients and partners to understand their needs, gather feedback, and ensure product-market fit
- Translate business objectives and user problems into structured product requirements and actionable development plans, including using Linear to create and manage projects and tickets that translate product requirements into clear, actionable workflows for the engineering team
- Define and monitor success metrics; make data-informed decisions to iterate and improve
- Ensure cross-functional alignment and clarity throughout development and release cycles
- Support go-to-market, training, and documentation efforts to drive adoption and client success
- Operate with urgency, integrity, and attention to detail—every decision you make should reflect our role as systemically-important infrastructure
Our take
Rising interest rates and the recent collapse of prominent banks have triggered a mass exodus of deposits from smaller institutions. This "deposit runoff" has left community and regional banks scrambling to retain funds, impacting their growth and stability.
ModernFi offers an end-to-end deposit management platform to address this very issue. Its "deposit network" connects smaller banks with high-value depositors, facilitating deposit sourcing, automated fund sweeping, and enhanced security for depositors. This network acts as a lifeline for smaller banks, helping them attract and retain crucial funding.
2024 investment will fuel the company's expansion in several areas, with the ultimate goal of becoming a one-stop shop for bank CFOs, offering a comprehensive suite of solutions for managing the entire deposit lifecycle. With strong market demand and a clear roadmap for expansion, especially off the back of the Silicon Valley Bank collapse, ModernFi appears well-positioned to navigate the shifting landscape of banking and become a vital resource for community and regional banks in the years to come.
Kirsty
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 3 rounds)
Jan 2024
$18.7m
SERIES A
Feb 2023
$4.5m
SEED
Total funding: $27.7m
Company benefits
- Unlimited PTO
- Premium health, dental, and vision insurance
- Company equity
Company HQ
Civic Center, New York, NY
Leadership
Paolo Bertolotti
(Co-Founder & CEO)Graduated from Massachusetts Institute of Technology with a PhD in Complex Systems and Statistics. They are currently a Lecturer in Statistics at Columbia University.
Adam DeVita
(Co-Founder & COO)Graduated from Columbia University with a Bachelor's Degree in Economics and Mathematics. Previously a Product Manager at Citi.
Bennett Johnsen
(Co-Founder & Chief Compliance Officer)Graduated from Princeton University with a Degree in Economics and Finance. Previously worked at Texas Exchange Bank as a Chief Credit Officer and Chief Financial Officer.
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