Product Manager, Prosper Marketplace
$140-185k
Plus bonus
More information about location
2+ days a week in office
Online P2P lending marketplace
Open for applications
Online P2P lending marketplace
201-500 employees
Open for applications
$140-185k
Plus bonus
More information about location
2+ days a week in office
201-500 employees
Company mission
To advance financial wellbeing by providing affordable financial solutions to consumers across the credit spectrum.
Role
Who you are
- Experience: 5+ years of related product management experience, with a track record of defining and launching successful consumer-facing products. Experience in the fintech industry building credit cards is a plus
- Education: Bachelor’s degree required
- Strategic and Detail-Oriented: Ability to balance a strategic vision with attention to detail, understanding both the big picture and the specifics of the product
- Domain Expertise: Proven ability to learn and master domain-specific knowledge, especially in financial services or credit card products
- Innovation: Demonstrated capability to drive innovation and develop new ideas that advance the product and meet customer needs
- Technical Acumen: Strong understanding of both business and engineering aspects of product development, with the ability to engage in technical discussions
- Ownership: Exhibit a high level of accountability and ownership in a fast-paced, dynamic environment
- Project Management: Excellent project management skills, with a focus on delivery and actionable results
- Communication: Superior communication skills, with the ability to adapt your style to effectively collaborate with diverse stakeholders and team members
- Adaptability: Ability to handle shifting priorities and adapt quickly to changing tasks and challenges
What the job involves
- As a Product Manager for our Credit Card team, you will be instrumental in shaping and advancing our credit card offerings
- You’ll oversee the entire product lifecycle—from defining the vision and gathering requirements to executing successfully and ensuring customer satisfaction
- Collaborating with engineering, design, marketing, and operations teams, you will drive business goals and enhance the customer experience
- Your key focus will be on increasing card utilization and credit card user growth
- You will be responsible for optimizing customer funnels to boost engagement and conversion rates and launching new credit card products to scale the business
- Your efforts will ensure that our credit card offerings not only meet but exceed customer expectations, positioning us as a leader in the industry
- Vision and Strategy: Collaborate with product leadership to develop a compelling vision and strategy for our credit card products. Create and executea multi-year roadmap that aligns with business objectives and market opportunities
- Backlog Management: Translate the product vision into actionable phases. Prioritize and manage the product backlog with your engineering teams to ensure timely and impactful product launches
- Customer Insights: Develop a deep understanding of customer needs and pain points related to credit cards. Use this insight to drive product decisions and create innovative solutions
- Data-Driven Decisions: Leverage data and analytics to refine your understanding of customer behavior and product performance. Conduct experiments and A/B tests to optimize product features and enhance user satisfaction
- Cross-Functional Leadership: Work closely with internal stakeholders across technology, marketing, legal, and operations to translate business requirements into detailed product specifications
- Team Collaboration: Coordinate with a distributed team of designers, researchers, engineers, and testers to scope, design, and build new features and enhancements
- Performance Monitoring: Track and analyze key metrics to continuously improve product performance and meet business objectives
- Project Management:Establish clear product delivery timelines in collaboration with the development team. Keep stakeholders informed of progress, trade-offs, and any changes in scope
- Collaboration: Address and resolve questions and conflicts among organizational stakeholders to ensure smooth project execution
- Impactful Contribution: Actively contribute to the broader product management group, sharing insights and best practices to drive overall team success
Our take
Prosper is a peer-to-peer lending platform, meaning that instead of lending money itself, it connects investors with borrowers directly. When it launched in 2005 it was the first of its kind and paved the way for the now crowded peer-to-peer lending market, which includes competitors like Peerform, Upstart, Funding Circle, and Prosper’s largest rival, LendingClub.
The company provides an attractive option by cutting out the middleman and making applications faster, meaning that socially and financially rewarding investments can be made. Prosper is one of the largest and most recognized in this industry, having facilitated more than $20 billion in loans to nearly 1.5 million borrowers.
The company certainly felt the effects when the marketplace lending industry crashed in 2016, with more than $1 billion wiped from the company’s valuation. Since then, Prosper has secured new funding and continues to develop. In recent years the company has forged ties with banks to allow it to launch its home equity credit line, indicating a new direction for the company.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
2% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Sep 2017
$50m
SERIES G
Jan 2013
$20m
LATE VC
Total funding: $153.8m
Company benefits
- Take-what-you-need (paid) vacation for salaried employees
- 20 days of PTO and 7 paid holidays/year for hourly employees
- Stock options
- 401K retirement savings plan with generous matching
- Comprehensive health, dental and vision insurance plans, with options specific to your own health coverage needs
- Prosper Fit - A monthly stipend to use for gym memberships, personal training sessions, yoga and exercise classes, or club sports/fitness fees
- Pre-tax commuter/parking assistance
- Snacks and beverage selections in our kitchen
- Monthly meet-and-greet happy hours
- Perkspot discount programs
- One Medical
- SF Location - Rooftop deck with ping-pong and foosball table
Company values
- Accountability
- Collaboration
- Excellence
- Diversity
- Simplicity
- Integrity
Company HQ
The East Cut, San Francisco, CA
Articles
Leadership
David Kimball
(Chairman and CEO)Having studied for an MBA at Brigham Young University, David worked in Management at Ford Motor Company for over 10 years, prior to spending another decade at USAA. He left his role as CFO and COO to join Prosper Marketplace in March 2016 as CEO and Chairman.
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