Senior Product Manager, Enova
Small Business
$96.4-139.4k
AI-driven financial credit provider
Posted today
AI-driven financial credit provider
1001+ employees
Posted today
$96.4-139.4k
1001+ employees
Company mission
Enova's mission is to help hardworking businesses and individuals get access to fast, trustworthy credit through its AI-driven credit solutions.
Role
Who you are
- 5+ years of product management experience in fintech, lending, B2B, SaaS or a regulated complex industry
- Demonstrated commitment to customer-centric solutions
- Proficiency in leveraging data for user behavior analysis and product opportunity identification
- Experience collaborating with agile teams and managing project milestones
- Strong communication skills for engaging with diverse stakeholders, both technical and non-technical
What the job involves
- Enova (parent company of OnDeck and Headway Capital) is looking for product managers to help power small business (SMB) growth in the United States
- As a Senior Product Manager at Enova, you will help shape the future of our SMB lending products and platforms
- Our mission is to create innovative lending experiences and financial products that help small businesses succeed
- You will be at the center of this mission, working with a cross-functional team to identify high-impact problems, deliver scalable solutions, and drive real business outcomes for our customers and Enova
- Reports to: Senior Manager, Product Management - Small Business
- Own the end-to-end product lifecycle for key components of the SMB lending platform — from problem discovery to delivery and iteration
- Drive product roadmaps through the collection of internal and external customer feedback
- Help modernize legacy systems, build new experiences, and shape platform infrastructure to support future growth
- Coordinate with various departments to define requirements and prioritize the backlog
- Partner with Agile Engineering teams to deliver innovative features and functionality, representing the customer's perspective
- Identify new product features and trade-offs to establish a competitive advantage for Enova and enhance the partner experience
- Construct business cases and collaborate with stakeholders to secure buy-in. Work with Engineering to estimate size, elaborate on scope and requirements, clarify detailed design, and obtain sign-off on developed features before launch
- Effectively advocate for your product area and communicate its value throughout the SMB organization
- Ensure product delivery aligns with established goals and key results
Our take
Providing customers with quick access to credit is important for fintech companies to survive in today's financial landscape of open banking, but this is made difficult by high credit rejection rates from banks. However, these decisions are generally made by human assessments of data which are limited due to the complexity of the modern financial landscape. AI-driven solutions, able to analyse vast amounts of data almost instantly to derive accurate credit risk assessments, present room for improvement in the lending industry.
Enova provides a platform called Colossus that leverages AI and machine learning-enabled analytics to provide businesses and individuals with fast, reliable, and trustworthy credit. The company achieves this by partnering with banks and sharing its data analysis solutions, helping to identify opportunities for credit when they would otherwise be missed. There is definitely a market for its product: over 8 million customers have funded almost $50 billion through the platform to date.
Enova has grown strongly in recent years based on the rapid uptake of its product. As the macroeconomic climate remains volatile, businesses will increasingly come to rely on Enova's AI-based solutions to help them manage credit risk and navigate an increasingly complex lending environment.
Steph
Company Specialist at Welcome to the Jungle
Insights
13% employee growth in 12 months
Company
Company benefits
- Hybrid roles entail working in-office from Tuesday to Thursday, with the choice to work remotely on Mondays and Fridays
- Health, dental, and vision insurance including mental health benefits
- 401(k) matching plus a roth option (U.S. Based employees only)
- PTO & paid holidays off
- Sabbatical program (for eligible roles)
- Summer hours (for eligible roles)
- Paid parental leave
- DEI groups (B.L.A.C.K. @ Enova, HOLA @ Enova, Women @ Enova, Pride @ Enova, South Asians @ Enova, APEX @ Enova, and Parents @ Enova)
- Employee recognition and rewards program
- Charitable matching and a paid volunteer day…Plus so much more!
Company HQ
Chicago Loop, Chicago, IL
Leadership
David Fisher
(CEO, not founder)Before joining Enova as CEO, they were the CEO of optionsXpress and CFO at Potbelly Sandwich Works, Prism Financial and RBC Mortgage.
Salary benchmarks
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