Product Manager - Line of Credit

Position Summary

The Product Manager: (P&L Management - Line of Credit) is responsible for ensuring the profitability and financial success of the Line of Credit Product. This role collaborates closely with operations, data science, and state leaders to drive product performance and achieve P&L targets by taking a hypothesis or opportunity 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 and analyzing Line of Credit opportunities in other markets. 

Job Responsibility

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 state 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.

Job Responsibilities Cont.

Cross-Functional Collaboration:

• Partner with data science to refine credit risk models, cutoffs, and fraud controls.
• Work with marketing on acquisition strategies, including direct mail, branch calling, and lead generation.
• Align with collections teams to develop unique strategies based on delinquency buckets and collectability scores.
• Collaborate with Hispanic and Purpose Money teams to design cross-sell opportunities and integrated product offerings.
• Coordinate with tech scrum teams to implement product enhancements..

Reporting & Data-Driven Decision Making:

• Provide regular financial performance updates and insights to senior management.
• Utilize data visualization tools (e.g., Tableau) for informed, data-driven decision-making.
• Develop and present monthly, quarterly, and annual P&L reviews.

Education Required

Bachelor’s degree in finance, Economics, Business Administration, or a related field, or equivalent relevant experience.  A master’s degree or professional certification (such as CFA or CPA) is a plus.

Experience Required

Demonstrated track record of a minimum of 3 years in consumer lending (preferably within the non-prime sector) or a related industry.   Experience developing system level requirements is a plus.

Knowledge Required

• Minimum of 3 years of experience in financial analysis, product management, or a related field, preferably in the consumer lending or financial services industry.
• Strong analytical skills with the ability to interpret complex financial data.
• Proficiency in financial modeling and data analysis tools.
• Excellent communication and presentation skills.
• Ability to work collaboratively across teams and with senior management.

Physical Requirements

Sitting for long periods of time; standing occasionally; walking; bending; squatting; kneeling; pushing/pulling; reaching; twisting; frequent lifting of less than 10 lbs., occasional lifting of up to 20 lbs.; typing; data entry; grasping; transferring items between hands and/or to another person or receptacle; use of office equipment to include computers; ability to travel to, be physically present at, and complete the physical requirements of the position at any assigned location.

Competencies

Travel

less than 10%

Attire

Business Casual

Other

Must be eligible to work in the USA and able to pass a background check.

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