Senior Product Manager, Opendoor
Growth
$170.4-255.6k
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
$170.4-255.6k
1001+ employees
Company mission
To power life's progress one move at a time.
Role
Who you are
- 5-8 years of product management experience
- Experience developing strategy, executing against it, and delivering measurable results
- Experience working on growth problems at a fast-paced consumer internet company
- Strong analytical skills, and meticulous attention to detail
- Exceptional prioritization and project management skills
- Excellent communication skills: Written, verbal, and visual
- Demonstrated ability to work closely and effectively with design, engineering, and different business functions
- Knack for balancing multiple projects at the same time
- Self-driven and motivated to work in a fast-paced, dynamic environment
What the job involves
- The team is seeking a Sr. Product Manager to drive growth across Opendoor’s top-of-the-funnel surfaces
- This includes direct-to-consumer surfaces and surfaces that we reach via partnerships
- This individual plays an essential role for the company with product leadership for our homepage, various front doors, onboarding, and reengagement experiences for the full suite of Opendoor products
- Additionally, this role is responsible for the integration of Opendoor into the experiences of our partners (including online real estate, real estate, and homebuilder partners.)
- Working closely with our marketing teams, this role drives how all paid & organic traffic first touches Opendoor, moves through the top of the funnel, and then returns to our experience
- Working with our partnership teams, this role manages how we integrate into these partner surfaces to win new customers
- Finally, you’ll work closely with our design and engineering teams to gain insight into our customers and build experiences that unlock customer understanding of our products
- If you’re successful in this role, you’ll have built a robust platform that enables a higher velocity, more effective growth engine for the company
- This role is a great fit for a PM passionate about driving growth at a company with near-limitless potential
- Drive top of funnel performance for Opendoor, including responsibility for growing the volume of paid & organic customers, re-engaging our customers and constantly improving our customer’s interest and understanding of our products
- Drive product experiences integrated into partnership surfaces, including responsibility for growth customers acquired through those partnerships in a way that is win-win for Opendoor and partner
- Play a leadership role for the Growth team which includes engineering, design, analytics, and research
- Work closely with marketing and partnership teams to refine how Opendoor acquires and then onboards customers into our experience
- Advance growth processes at Opendoor to refine an engine for understanding our customers and building relevant experiences for them for their initial and return engagement with our experience
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.
Salary benchmarks
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