Principal Product Manager, SoFi
Invest
$182.4-313.5k
Eligible for a bonus and long term incentives
Mobile & online personal finance services
Job no longer available
Mobile & online personal finance services
1001+ employees
Job no longer available
$182.4-313.5k
Eligible for a bonus and long term incentives
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- 7+ years of product management experience, specifically building Invest products
- Bachelor’s degree or higher in a relevant field
- A proactive, results-oriented approach to your work
- Ability to thrive in a fast-paced, dynamic environment
- Demonstrated ability to grasp complex user scenarios, technical concepts, and business drivers to make well-informed decisions
- Keen attention to detail and proficiency in distilling complex issues
- Exceptional written and verbal communication skills
- Ability to collaborate with and manage cross-functional groups of stakeholders
What the job involves
- We seek an experienced, strategic, and highly collaborative Principal Product Manager with great communication skills to build and help members maximize the value of SoFi products by bringing impactful experiences to life between Earning, Saving, Spending, Investing, and Protecting their wealth
- This role is central to the success of SoFi's overall mission to help our members get their money right and achieve financial independence
- You will have an opportunity to shape end-to-end and deliver a compelling best-in-class reimagined how all the products build off each other
- You will identify opportunities to bring our financial services products together for our members and key inputs, set goals, define the member experiences, and deliver features
- You will also help support each of the financial services products
- This role is inherently cross-functional-you will work closely with business units, engineering, design, data science, marketing, operations, finance, risk, legal, compliance, and executive teams to set business objectives, define product strategy, prioritize features, secure resources, and execute
- You'll play the critical role of driving the business while bridging the technical and business worlds to drive profitable business growth while managing risk
- Develop and implement product strategies: The principal product manager is responsible for identifying new product opportunities, analyzing market trends, and developing strategies for launching and scaling products
- Leading product development: They lead cross-functional teams to build products from ideation to launch, including conducting market research, defining product requirements, developing product roadmaps, and overseeing product design and development
- Conducting competitive analysis: The principal product manager is responsible for researching and analyzing competitor products to inform product decisions and ensure that the company's products remain competitive
- Collaborating with stakeholders: They work closely with stakeholders, including executives, engineering teams, sales teams, and customer support teams, to ensure alignment on product priorities and deliverables
- Defining and measuring product success: The principal product manager establishes product success metrics and regularly monitors product performance against those metrics, making adjustments as needed
- Managing product launches: Oversee product launches, including developing go-to-market strategies, coordinating with marketing, and ensuring successful product adoption
- Providing product expertise: The principal product manager acts as the subject matter expert on their product, staying up to date on industry trends and best practices, and providing guidance to other teams
Our take
SoFi started by offering ways for students to secure better financial terms on their loans, and now offers a huge range of personal finance products, including bank accounts, loans, mortgages, investment advice, and investment opportunities. Many customers find they have to go to multiple financial service providers to meet all their finance needs, but SoFi overcomes this issue by putting it all in one place.
Its goal, to cover all the financial bases, sets them apart from many of the traditional banks and even some of their digital competitors, such as Avant, which has chosen to focus on providing credit alternatives. Although it is operating in a competitive market with a lot of big players such as Monzo, Revolut, and Starling, the company has managed to raise huge amounts of funding to support its rapid expansion.
SoFi has focussed on global expansion, moving outside the US, and has made a series of acquisitions to support this - including a Hong Kong-based investment app called 8 Securities. After going public on the New York Stock Exchange via a SPAC merger in June 2021, the company has continued to evolve and release more mission-oriented services into its roster, and strengthened its lending capabilities through a $350 million post-IPO loan. To date, the company has sold over $15 billion in personal loan collateral and continues to strengthen its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jan 2021
$369.9m
LATE VC
May 2019
$500m
GROWTH EQUITY VC
Total funding: $2.7bn
Company benefits
- Comprehensive health, vision, dental, life insurance, and disability benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs, up to $5,250 per year
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- Flexible time off
- Fertility and family planning options
- Free financial classes
Company HQ
The East Cut, San Francisco, CA
Leadership
Anthony Noto
(CEO)Graduated from the U.S. Military Academy after being a telecommunications officer and captain in the U.S. Army. Has worked as Head of Gobal Telecommunications, Media and Technology at Goldman Sachs, been the COO of Twitter, and also the CFO of the National Football League.
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