General Manager, Earnest

Lending

$205-236k

+ Employee Stock Purchase Plan + Restricted Stock Units (RSUs)

Expert level

San Francisco Bay Area

More information about location

2-3 days a week in office

Student loan provider

Job no longer available

Student loan provider

201-500 employees

FintechB2CPersonal financeLendingCredit cardsFinancial Services

Job no longer available

$205-236k

+ Employee Stock Purchase Plan + Restricted Stock Units (RSUs)

Expert level

San Francisco Bay Area

More information about location

2-3 days a week in office

201-500 employees

FintechB2CPersonal financeLendingCredit cardsFinancial Services

Company mission

To make higher education accessible and affordable for everyone.

Job

Company

Role

Who you are

10+ years of demonstrated related work experience with an emphasis on product management, product development, finance, and/or general management; Consumer lending--credit card, personal loan or student lending--a plus
4 - 6 years of experience as a strategic critical thought leader partnering with business owners to define and translate needs into business requirements and product solutions
4 -6 years project management experience with leading large, complex organizational wide initiatives
Proven success managing high-performing, cross-functional teams and business units
Experience managing a growth P&L
Strong people management and EQ - you can set the tone for your team; driving towards results within a positive work environment
Data-driven decision mentality, strong analytics, and common sense
Creative approach to solving problems
MBA preferred
Willingness to travel to the Oakland office 2 -3 times a week to collaborate with other Earnies

What the job involves

The General Manager, Lending position will report to Head of Lending Products
Collaborate with a cross-functional team of individuals from multiple departments - Product, Design, Engineering, Marketing, Operations, Data and Analytics, Risk, Pricing, and Capital Markets - to meet yearly goals
Own the customer experience from Origination through Servicing
Influence and execute a multi-year vision and strategy to grow the business, and to communicate short- and long-term product goals and profitability objectives, working closely with key stakeholders to manage product KPIs including, but not limited to, NPS, NIM, CAC, Funnel conversion
Partner with the Affiliate/Partnerships and Marketing team to identify and close value-creating strategic partnerships and alliances that lead to growth
Be responsible for owning P&Ls for one of the Earnest lending products and will report to Earnest's Head of Lending Products, a member of the Earnest Executive Team
Drive growth in the business and own all aspects of the business P&L
Develop and continuously update the overall strategy for the business
Manage a cross-functional team to accomplish goals set during strategic planning
Drive key product initiatives to completion

Our take

Earnest offers student loan refinancing and personal loan products. It looks at thousands of data points such as education, saving patterns, investments, and career trajectory to issue a unique credit score, which can prove a lifeline for students who may otherwise struggle to qualify for loan refinancing.

For the portion of student debtors with low credit scores, Earnest is one of a few scant options. Borrowers can choose their own loan terms to fund up to the full cost of their education, and there are no origination, application, or late fees.

Earnest has grown from distributing $8M loans in its first year of business to an impressive total $18.5 billion in student loans refinanced, and has served upwards of 200,000 people. With student loans representing such a huge sector of lending, there should be plenty of room for Earnest to continue expanding in the future.

Kirsty

Company Specialist at Welcome to the Jungle

Insights

Top investors

4% employee growth in 12 months

Glassdoor (3.4)

Trustpilot (4.6)

Company

Funding (last 2 of 4 rounds)

Mar 2017

$20m

SERIES C

Nov 2015

$75m

SERIES B

Total funding: $127m

Company benefits

Remote-first flexibility
Monthly & annual remote work stipends
Professional development & tuition reimbursement
$1000 annual travel perk
Robust 401K package
No meeting Thursdays
Annual company-wide offsites

Company HQ

The East Cut, San Francisco, CA

Leadership

Louis Beryl

(CEO)

Co-founded SolidEnergy Systems. Was a Part-time Partner at Y Combinator. Is a Board Member of Car Dash and Roofr, and is a Mentor at First Round Fast Track.

Salary benchmarks

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