Product Manager, Avant
Originations Growth
$130-175k
+ Annual bonus based on level, impact and performance in the role
M, T, Th in-office
3 days a week in office
Personal credit FinTech
Be an early applicant
Personal credit FinTech
501-1000 employees
Be an early applicant
$130-175k
+ Annual bonus based on level, impact and performance in the role
M, T, Th in-office
3 days a week in office
501-1000 employees
Company mission
To empower every customer with innovative solutions designed to help them reach their goals.
Role
Who you are
- Bachelor’s or Master's Degree in business, computer science, data science or in “STEM” Majors (Science, Technology, Engineering and Math). MBA is a plus
- Ideally 5-7+ years of experience working with technology products with at least 5 years in Product Management working in fintech or similar industry
- High proficiency in SQL and familiarity with Python
- Demonstrated experience in defining a product strategy, creating a delivery plan, executing on that plan and learning from iterating on the plan to achieve the desired outcomes
- High customer empathy
- Agile development in a production environment at a startup or tech organization
- Experience collaborating with engineers and designers to understand the technical scope of products and features
- Strong communication skills and ability to interface with multiple stakeholders across the organization, with an eye towards building cross-functional collaboration and support
- You are excited about building the business of Avant as a cohesive whole, not just building features or products in isolation
- Strong interpersonal skills, communication skills, analytical skills, combined with intellectual curiosity, and a desire and ability to "get sh!t done!"
- People management experience is a plus
- We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description
- If you’re passionate about our mission and aligned to our values, we hope you’ll come contribute to our awesome culture
What the job involves
- Avant is looking for a Product Manager (PM) to support our Originations Growth Pod
- Our originations platform is at the heart of everything we do to achieve growth for both loan and credit card
- The Originations Growth Product Manager will partner with our Engineering team to deliver features to achieve our key business commitments for application funnel efficiency
- They will be responsible for product planning and execution throughout the Product Life Cycle, including gathering and prioritizing product and customer requirements, and working closely with engineering to ensure business and customer satisfaction goals are met to drive delivery and quality standards
- The PM team’s charter is to help bring the business vision and strategy to life
- As a PM you will be focused on solutioning business needs and leading delivery with engineering
- Manage the originations growth platform product intake process
- Own the platform stability and features, analyzing customer needs and pain points to translate them into product ideas
- Understand and empathize with customers and come up with user personas to build deep understanding to represent the customer’s voice and solve for their needs throughout the product development processes
- Work with business stakeholders and originations engineering partners to come up with a roadmap and help prioritize the roadmap by making key tradeoff decisions
- Carry out impact assessment for roadmap items, flag and address any key risks, issues and dependencies
- Work with internal teams to execute on the roadmap
- Translate product strategy into detailed business and user requirements
- Actively prioritize product backlog and coordinate planning to build and enhance our verifications platform
- Create engineering requests with detailed technical requirements and clearly stage success criteria for testing and product acceptance
- Assess launched products and tools to measure their outcome against the planned objectives and key results
- Analyze metrics and data, identify trends and issues and come up with hypothesis recommendations and carry out experiments
- Answer questions related to the product and its capabilities
- Be at the forefront of the creation and maintenance of product documentation
- Potential for people management
Our take
Many Americans with below average credit scores are caught in a bind: they're unable to improve their score, and simultaneously cannot access traditional loans. Avant's alternative is to offer credit options that are powered by machine learning and based upon a large database that helps to manage risk.
For its users, the company offers a quick credit decision and speedy access to any allotted funds. It has issued over $8 billion in loans to date, and has also expanded its business through the acquisitions of ReadyForZero in 2015 and Zero Financial in 2021.
This expansion has enabled Avant to reach towards its goal of offering a whole suite of products in a single platform, such as loans, credit cards, and deposits. Although there are many FinTechs looking at ways to remove the barriers that people with low credit scores face when trying to take out loans, this expansion to banking products should help Avant to stand out.
Steph
Company Specialist at Welcome to the Jungle
Insights
-3% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Dec 2022
$125m
GROWTH EQUITY VC
Sep 2015
$325m
SERIES E
Total funding: $779m
Company benefits
- Choice of great medical, dental, and vision insurance plan options
- 401(k) Match
- Unlimited paid time off
- Flexible work environment
- Generous paid parental leave
- Lunch allowance (Fooda) and in-office snacks
- WFH stipends for our remote employees
- Access to LinkedIn Learning for professional development
- No meeting wednesdays - (a.k.a. planned time to Get Sh!t Done)
- Summer fridays
- Fun in-office and virtual social events
- (And who doesn’t love the swag)
Company HQ
River North, Chicago, IL
Leadership
Al Goldstein
(Co-Founder & Executive Chair)They worked for a year at Deutsche Bank before founding Pangea Properties in 2008, and Avant in 2013. They have been Chair since, alongside founding Amount, Spring Labs, and StoicLane.
Paul Zhang
(Co-Founder & CIO)Having studied at the University of Illinois, they spent a year as a Software Engineer at CashNetUSA and Enova Financial. They founded Debteye in 2011, before starting Avant in 2013, serving first as CTO then Chief Architect, CTO again and finally CIO.
Matthew Bochenek
(CEO)Has been with the business since 2013, working in a range of positions including Head of US Servicing, Head of Operations and COO - before becoming CEO in 2021. Previously spend a decade at Superfund Asset Management.
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