Senior Product Manager, Opendoor
Open Exchange
$148-276k
Salary dependent on location
More information about location
End-to-end online platform for selling and buying homes
Job no longer available
End-to-end online platform for selling and buying homes
1001+ employees
Job no longer available
$148-276k
Salary dependent on location
More information about location
1001+ employees
Company mission
To power life's progress one move at a time.
Role
Who you are
- 5+ years of product management or related experience
- Strong written and verbal communications; comfort leading business and technical conversations directly with customers
- Exceptional judgment; awareness of when and how to make decisions with imperfect information
- Ownership and willingness to jump into new roles; this could include designing low-fi mockups, writing marketing copy, running customer support, or more
Desirable
- Experience in customer-facing roles while leading B2B product development
- Real estate domain expertise
What the job involves
- We’re looking for a Senior Product Manager who can evolve and scale our brokerage products within Open Exchange
- We’re looking for an experienced product lead ready to scale our current products from 1 to 100, develop a deep understanding of user needs, and define our future roadmap
- You’ll work closely with customers and operations teams to develop valued and scalable offerings for brokerage
- Lead user research and customer feedback conversations
- Define and prioritize our product development roadmap
- Articulate requirements for API, web and internal product offerings
- Build strong, collaborative relationships with engineering, design and data science
- Partner closely with our customers and operations teams
- Identify and lead cross-functional conversations with marketing, legal, and operations
Our take
Opendoor makes selling homes easy and stress-free by cutting out the prolonged processing time usually involved with a sale. Sellers can offload a house quickly and easily to the company for cash and a 6-9% fee. Currently operating in a growing number of markets nationwide, Opendoor has chimed well with millennials who gel quickly with online businesses that offer solutions to problems they encounter.
This buying and selling model doesn't come without risk. The longer Opendoor keeps a property, the lower its profit margin. However, Opendoor's performance has been anything but disappointing; it went public in 2021, with its pre-SPAC merger presentation calling for $3.5 billion in revenue. Its actual revenue trounced it, coming in at $8 billion - more than double its estimate.
Opendoor's largest competitor, Zillow, dropped out of the space in late 2021 because it struggled to price the homes it acquired accurately. Opendoor's closest remaining competitor is Offerpad, which does just a fraction of the transaction volume that Opendoor does. With strong earnings coming out of 2024, OpenDoor is looking at transforming its operations in 2026, with new management, a volume-driven strategy and an acquisition spree expected. If Opendoor can continue to ride on its long-term success, it will have an enormous lead on existing and future competitors, positioning it to securely become the overwhelming market leader.
Steph
Company Specialist at Welcome to the Jungle
Insights
-19% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Mar 2019
$300m
SERIES F
Sep 2018
$400m
SERIES F
Total funding: $1.5bn
Company benefits
- Save for tomorrow: Select our Pre-tax or Roth 401k plans to save towards retirement
- Healthy healthcare: Medical, dental and vision is 100% covered for employees
- Family planning: We offer specialty programs like Carrot, Cleo & Ginger
- Flexible vacation: Most of our team take at least 20 days off per year to decompress and be their best
- Resource groups: Join the group that works for you
- Income protection: 100% company sponsored: life insurance short term and long term disability
- Other: Flexible spending account, commuter benefit, employee assistance programs, and paid parental leave
Company HQ
Financial District, San Francisco, CA
Leadership
Kaz Nejatian
(CEO)Previously COO and VP of Product at Shopify, Lead Product Manager at Facebook and CEO & Co-Founder at Kash.
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