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Possible FinancePF

Principal Product Manager, Loan Management System

Possible Finance is a financial technology company offering small-dollar installment loans designed to help individuals with bad or no credit access funds and build credit history. They aim to provide an alternative to traditional payday loans with transparent terms and flexible repayment options.

Possible Finance

Employee count: 51-200

Salary: 212k-224k USD

United States only

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Since our founding, we have redefined how people approach small-dollar loans—delivering over $1 billion in funding to more than 1 million customers, issuing over 4 million loans, and saving our customers more than $500 million.

At Possible, we’re building a new type of consumer finance company; one that helps our customers stay out of debt rather than profit from their staying in it. We are a Public Benefit Corporation with the mission to help communities unlock economic mobility through affordable credit products crafted to improve financial health for generations. Join the team that’s making our goal a reality.

We are seeking an experienced product leader to oversee all aspects of the loan management system (LMS) at Possible! In this role, you’ll serve as the owner of both the LMS and core record systems, developing them into superior products with a forward-thinking vision, ensuring compliance, and creating opportunities for improvement. And drive our payments infrastructure to the next level, affording our customers the flexibility and opportunity they need when they need it most.

This senior, principal-level product leader has a deep understanding and experience partnering effectively with engineering, compliance, ops, finance, and risk teams to prioritize features and systems.

What you’ll do

  • Take ownership of the well-being and strategy of our LMS, with a focus on amortization processes, ledgers, compliance tools, and audit capabilities.
  • Transition the LMS from a single product to a multi-product scalable platform, as well as finding opportunities to invest in the LMS that takes it from service to a first-class product
  • Develop new payment infrastructure in partnership with other product teams to enable new capabilities and help our customers succeed
  • Provide tooling and processes for audit and compliance requirements, ensuring that the health and hygiene of the system is of the highest priority, and externalizing the ability to audit
  • Create and execute a product roadmap that sets Possible up for long-term success, delivers compelling customer experiences, and achieves business results
  • Communicate our product strategy, product health, business results, customer insights, etc. to Possible’s Leadership Team and the company (i.e., at all hands) consistently
  • Partner with Legal Compliance, Data Science, and Customer Operations to handle state-level audits, health checks, and reviews with our banking partners
  • Improve the efficiency of our procedures for developing products by implementing industry standards

What you’ll bring

  • 8+ years of Product Management experience in financial services or fintech; demonstrated ability in platform or system-level product management
  • Ability to translate customer insights into product features and coherently communicate detailed requirements to Engineers and Product Designers
  • A balance of customer focus and technical prowess - investigating into critical systems while thinking broadly about product strategy and the impact on customers
  • Experience building quality guardrails and monitoring tools that ensure intent meets execution in practice, specifically around amortization
  • Strong reputation for leading the product development processes with rigor and efficiency
  • Deep sense of ownership and accountability for both the failures and successes of a product, with equally well-developed problem-solving skills to calmly address any challenge
  • High comfort working in a fast-paced environment (preferably through experience in one or more start-ups)
  • Strong project management experience; must have the capability to spot and remove dependencies across functions and help the team execute with speed and efficiency
  • Proven success in working within industry regulations while delivering creative solutions, and a passion for serving customers and driving positive societal change

This is a Hybrid position. We work in our centrally located office in downtown Seattle three days a week (M, T, TH).

The compensation range for this role is $211,700 to $223,500. We also offer significant stock options, comprehensive benefits, a bonus plan, commuter benefits, and an excellent office space with complimentary drinks and food options.

With the backing of our venture investors— Union Square Ventures, Canvas Ventures, Euclidean Capital, and Unlock Venture Partners — a dedicated following of hundreds of thousands of customers, and an extraordinary team, we are unwavering in our fight for financial fairness. As one of only a few FinTech Public Benefit Corporations, we’ve baked our dual dedication to building a profitable and socially impactful company into our charter; we only succeed when our customers do too. Give us a shout if you’d like to help us ship financial products that protect consumers from predatory lending practices and promote economic health.

Possible Finance is dedicated to financial fairness and community empowerment. We welcome diverse perspectives and experiences to help us achieve our mission of unlocking economic mobility for generations to come.

Learn more about us as a Public Benefit Company.

About the job

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Posted on

Job type

Full Time

Experience level

Senior
Manager

Salary

Salary: 212k-224k USD

Location requirements

Hiring timezones

United States +/- 0 hours

About Possible Finance

Learn more about Possible Finance and their company culture.

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At Possible Finance, the core belief is that financial health is a fundamental right for everyone, not a privilege reserved for the affluent. The company's mission is deeply rooted in empowering individuals and communities to break free from debilitating debt cycles and unlock pathways to lasting economic mobility. This commitment is not just a guiding principle but a driving force behind the development of innovative products and services designed to prove that transforming the financial industry for the better is, indeed, Possible. The journey began in the fall of 2017 when the founders united with a common vision: to create financial services that are accessible, affordable, and inherently beneficial to the user. They recognized that the existing financial system often traps hardworking individuals in a cycle of debt, with predatory payday lending and punitive overdraft fees designed to profit from borrowers' struggles. Possible Finance was conceived as a new kind of consumer finance company, one where the incentives of the customers and the company are aligned. The philosophy is simple: when customers succeed, the company succeeds.

This customer-centric approach is evident in every aspect of Possible Finance's operations. They believe individuals should be able to borrow what they need and repay it over a manageable timeframe, without the fear of penalty fees for late payments or needing extra time to catch up. This is a stark contrast to many traditional lenders. Since its inception, Possible Finance has proudly abstained from charging late fees and insufficient funds fees, a practice that has saved its customers hundreds of millions of dollars. The company's commitment extends beyond just lending; it's about providing tools and resources that foster economic mobility. This includes reporting payments to credit bureaus to help users build their credit history, offering transparent pricing, and providing flexible repayment options. As a Public Benefit Corporation, Possible Finance is legally bound to prioritize social impact alongside its business objectives, reinforcing its dedication to creating products that genuinely benefit the financial well-being of the communities it serves. The team at Possible is unwavering in this mission, constantly striving to build solutions that put consumers first and demonstrate that a fairer financial future is attainable for all.

Employee benefits

Learn about the employee benefits and perks provided at Possible Finance.

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401(K)

Offers a 401(k) plan.

Paid holidays

Offers paid holidays.

Company equity

Offers company equity.

Life insurance

Offers life insurance.

View Possible Finance's employee benefits
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Possible Finance

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Possible Finance hiring Principal Product Manager, Loan Management System • Remote (Work from Home) | Himalayas