Senior Product Manager, MPOWER Financing
Financing for international and DACA students
Job no longer available
Financing for international and DACA students
201-500 employees
Job no longer available
201-500 employees
Company mission
To remove the financial obstacles students often face when pursuing and international education.
Role
Who you are
- Located in the Eastern time zone in Canada or in Washington DC
- Bachelor's degree in Finance, Engineering, Business, or related field. MBA or advanced degree preferred
- 7+ years of product management, product marketing, or equivalent experience in Canadian banking or lending. Education financing experience preferred
- 2+ years in managing P&L for a financial product line
- Proven mastery in gathering, dissecting, and reporting on data succinctly and effectively
- Experience conducting customer and market research, developing a product roadmap, and collaborating with Marketing and Product to drive growth and product adoption
- Knowledge of the Canadian student lending and/or international student market, including:
- Student lending in Canada for higher education
- Banking regulations and practices in Canada
- Canadian student visa types and pain points of different types of Visas
What the job involves
- You will be responsible for growth and product adoption for MPOWER’s student loan product in the Canadian market
- Your role is to analyze and define opportunities to drive customer demand and conversion of international students studying in Canada
- The ideal candidate brings hands-on product expertise in student lending or a related field within Canada
- You will deliver new features and services to better achieve MPOWER’s business objectives and mission of empowering global citizens who study in Canada
- Owning the student financing experience for those studying in Canada and acting as the internal ‘voice of the customer’ and subject matter expert on the international student experience in Canada
- Evaluate financial features for the school loan product and developing business cases to tailor our services to the Canadian higher education market, including understanding the school customer and design an experience to support school processing of loans
- Researching and testing market needs, as well as applying your knowledge of industry best practices, to evaluate product and market expansion opportunities in financial services in Canada
- Building new product features and user experiences, collaborating with marketing, partnerships, and tech, to drive customer acquisition and conversion activities within the Canadian market
- Performing product analytics covering the customer funnel from marketing acquisition to loan disbursement and retention for the Canadian market
- Leading go-to-market and operational readiness project plans for new features and services for which you are the owner, collaborating with marketing, partnerships, university relations, and operations
- Reporting directly to the Senior Director of Product
Our take
MPOWER Financing is a provider of global education loans, offering financing and scholarships to prospective students who often have difficulty accessing financial support. With its proprietary algorithm, MPOWER evaluates both international and domestic credit data, as well as future earning potential, to provide responsible financing to promising international and DACA students.
In collaboration with over 400 universities spanning the US and Canada, MPOWER has created a platform that has enabled more than 5,000 students to study abroad by providing them with a wide range of financing options. By fostering educational inclusivity on a global scale, MPOWER plays a pivotal role in breaking down barriers and ensuring students from all backgrounds can access quality education.
Already, the company has witnessed remarkable success, with record levels of enrollment for new international students in 2022. More recently, MPOWER closed a funding round led by Goldman Sachs, which it will use to further bolster its ability to provide loans to students attending its network of universities. This infusion of capital will fuel MPOWER's growth and enable the company to meet the increasing demand for its services.
Steph
Company Specialist at Welcome to the Jungle
Insights
47% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Jul 2021
$100m
LATE VC
Mar 2021
$5m
LATE VC
Total funding: $169.7m
Company benefits
- Generous PTO (3 weeks vacation, 3 unrestricted floating holidays, and sick time)
- Maternity and paternity leave packages
- Work from home options
- Professional Development Programs (Every team member gets an allowance of $1,000/year towards courses, conferences, or other means of self-improvement. We also offer a free LinkedIn Learning account and plenty of in-house mentoring, team development, and knowledge sharing)
Company HQ
Connecticut Ave/ K Street, Washington, DC
Leadership
Emmanuel Smadja
(CEO)Graduated from INSEAD with an MBA in Strategy and Marketing. Previously worked at McKinsey & Company in a number of roles, including Global Financial Inclusion Fellow and Engagement Manager. Also experienced in a number of Analyst roles at VistaPrint, Capital One Financial Corp, and Celanese.
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