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JOB SUMMARY
The Product Manager – Line of Credit is responsible for ensuring the profitability and financial success of the Line of Credit Product. This role collaborates closely with various teams to drive product performance and achieve P&L targets from ideation through validation, requirements drafting, and management of the initiative through fruition. Key responsibilities include optimizing product design, acquisition strategies, credit risk, and operational efficiencies to maximize contributions. The focus of the role is on the performance of the existing Line of Credit Product as well as identifying new opportunities in other markets.
JOB RESPONSIBILITIES
Financial & Product Strategy:
- Lead P&L management for assigned products, ensuring alignment with financial goals and company strategy.
- Conduct competitive and market analysis to inform product pricing, loan amounts, terms, and refinance/draw frequency.
- Collaborate with operational leaders to tailor strategies for specific markets.
- Analyze unit-level profitability and bridge findings to monthly portfolio performance.
Revenue & Cost Optimization:
- Identify key levers to maximize revenue and control costs, influencing acquisition, servicing, and operational efficiencies.
- Monitor product performance against budget, adjusting strategies to exceed profit margins.
Cross-Functional Collaboration:
- Partner with data teams to refine credit risk models and fraud controls.
- Work with marketing on acquisition strategies, including direct mail and lead generation.
- Align with collections teams to develop unique strategies based on delinquency buckets.
- Collaborate with teams to design cross-sell opportunities and integrated product offerings.
- Coordinate with tech teams to implement product enhancements.
Reporting & Data-Driven Decision Making:
- Provide regular financial performance updates and insights to management.
- Utilize data visualization tools for informed, data-driven decision-making.
- Develop and present P&L reviews.
QUALIFICATIONS
- Equivalent Education Level Required: Bachelor’s degree in finance, Economics, Business Administration, or a related field, or equivalent relevant experience.
- Experience Required: Minimum of 3 years in consumer lending or a related industry. Experience developing system level requirements is a plus.
- Knowledge Required: Excellent communication skills; adaptability to changing environments; ability to work in a dynamic, high-volume, fast-paced environment.
At Goodwin Recruiting, we are committed to our core values and providing world class customer service. We are committed to helping our clients navigate and comply with the complex and ever-changing labor laws as well as help ensure that in every hiring decision, internally and with our client partners, that all viable candidates are considered, and the most qualified candidate is offered the role. We evaluate the knowledge, skills, and abilities that meet the requirements of the position and aim to open doors and change lives. We value all people, understanding that uniqueness and diversity foster a stronger team that is innovative and brings varying perspectives to the table. We put our money where our mouth is and are proud of our efforts to identify a broad slate of candidates, with many hiring success stories to share.
JOB ID: 165814
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Katie Winkler