Product Manager, Lendable
US Loans
+ Equity
More information about location
3 days a week in office
Fintech Unicorn - Lending Platform
Open for applications
Fintech Unicorn - Lending Platform
201-500 employees
Open for applications
+ Equity
More information about location
3 days a week in office
201-500 employees
Company mission
To make consumer finance amazing: faster, cheaper and friendlier.
Role
Who you are
- 5+ years of experience in a Strategy, Analytics or Product role
- 3+ years of experience in Finance or Fintech
- Data-driven: you have experience with numerical analysis with some experience coding. We will teach you the tools (SQL, Python), but you need to feel comfortable with numbers and using data to drive real-world actions
- Communication: you communicate clearly and succinctly, enjoy lively discussions, effortlessly adjust your communication to suit any audience, and are open-minded
- Collaboration: you feel comfortable establishing close relationships with key stakeholders across the wider company allowing you to quickly assemble cross-functional teams for product delivery
- Working at speed: you make things happen. You are not afraid to roll up your sleeves and take responsibility for implementation and design decisions. You work at speed and enjoy a healthy dose of pressure
- Process management: a solid understanding of the software development life cycle and how to ensure our products are working as intended for our customers
- Agility: not just Agile (Scrum or Kanban would be nice) but adaptability to thrive in an unstructured, fast-moving and constantly evolving high-growth environment
What the job involves
- We're seeking an experienced, intelligent, and analytical Product Manager for our US personal loans product (based in London)
- > Optimising how we acquire new customers for speed and efficiency
- With our product tested and optimized, we're set for 10x growth in the next few years. As a leader in the Product team, you'll be crucial in achieving our ambitious goals
- > Streamlining the customer experience and application process
- This role will cover all aspects of personal loan product management, and you will be given the freedom to define new features and manage projects end-to-end, including:
- > Improving our underwriting capabilities to support best-in-class credit decisions
- > Building tools that maximise efficiency for our Customer Service and Fraud teams
- > Finding new ways to support customers who may be experiencing financial difficulty
- You will collaborate with the US Loans Managing Director, General Manager, and Engineering team to define and deliver our long-term product roadmap
- Your focus will be on achieving the best outcomes for our customers while sustainably scaling our customer base
- In addition to roadmap planning, you will oversee day-to-day product delivery, prioritize high-impact projects, and break down complex tasks into manageable deliverables. Your role is to help our top-tier engineers reach their maximum potential
- Defining the product strategy, shipping features and bug-fixing
- Analysing quantitative and qualitative data to inform both strategic investments and prioritisation of the product backlog
- Testing, measuring and optimising the impact of new releases and experimentsOptimise engineering time for maximum impact
- Ensuring our customers’ needs are always at the heart of what we’re building
- Closely partnering with engineers to define what is the best way to implement a feature or answer a business query
- Influence the long-term strategy for our personal loans business alongside the wider team (Credit Risk, Data Science, Operations, Engineering)
- Leadership: as a product leader, you'll steer the quarterly OKR process with the MD, ensuring goals are met
- You'll make tough decisions amid ambiguity, owning and adjusting them as needed
- Your focus is on building a high-performing team and collaborating with leadership to enhance everyone's performance
- Problem-solving: consistently breaking down complex business problems into bite-sized chunks
- Complex tasks don’t intimidate you and you can break down a complex problem into parts
- Flexibility: the role will be broad and cover all aspects of the US Loans product management
- Priorities can change quickly and you will spend time debugging smaller problems while also delivering major changes to our product
Salary benchmarks
Our take
Lendable competes with banks, other marketplace lenders, and consumer finance companies to provide loans to consumers, small businesses, and property developers. Last year the UK marketplace lenders loaned £7.3bn in total.
Lendable believes it can win in this crowded field due to its market-best customer service and its strong financials. Unlike Zopa, RateSetter, or Lending Works, their funding comes from institutional investors.
It originates and services the loans on behalf of institutional investors, but does not hold them on its own balance sheet.
Growing insolvencies will worry all marketplace lending platforms, but Lendable looks well placed to weather any credit storm given their substantial debt financing.
Steph
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
40% female employees
72% employee growth in 12 months
Company
Employee endorsements
Challenging work
"At Lendable I'm in a position to make decisions and engineer solutions on a product that's worth billions and growing all of the time. This brings..."
Funding (last 2 of 3 rounds)
Mar 2022
$265.4m
GROWTH EQUITY VC
Sep 2017
$6.5m
SERIES A
Total funding: $275.1m
Company benefits
- Cycle to Work scheme
- Onsite Yoga
- Lunch cooked by onsite chefs 3 times a week
- 25 days holiday (excl. bank holidays)
- Work from home opportunities on Monday and Friday
- Private Health Insurance (inclusive of dental and pre-existing conditions)
- Share Options for all Employees
- Regular team and company wide socials
- Pension
Company HQ
London, UK
Articles
Leadership
Martin Kissinger
(Co-Founder & CEO)Studied Economics as an undergraduate at LSE before doing an MPhil at Oxford University. Worked as an Entrepreneur in Residence at Rocket in Berlin.
Paul Pamment
(Co-Founder)Studied Mathematics at Oxford University before taking up technical roles at a handful of startups.
Jakob Schwarz
(Co-Founder)Worked as an Analyst at Goldman Sachs and then BCG before founding Lendable.
Victoria van Lennep
(Co-Founder)Worked as the Deputy Editor at the Economist before joining Martin Kissinger to co-found Lendable!
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