Full-Time

Senior Product Manager

Financial Platforms

Posted on 9/17/2024

Affirm

Affirm

1,001-5,000 employees

Provides buy now, pay later financing solutions

Fintech
Financial Services

Compensation Overview

$169k - $240kAnnually

+ Equity Rewards + Monthly Stipends for Health, Wellness and Tech Spending

Mid, Senior

Remote in USA

Category
Product Management
Product Strategy
Product
Required Skills
Communications
Requirements
  • 4+ years of product management experience in finance, fintech, or payments-related industries, ideally with a focus on backend financial systems or loan products.
  • This position requires either equivalent practical experience or a Bachelor’s degree in a related field.
  • Experience in defining and driving product strategies for financial or data platforms in a heavily matrixed environment.
  • Proven track record of launching and managing high-impact platform and data products.
  • Exceptional cross-functional collaboration skills, capable of driving consensus across various business, financial, compliance, legal, and tech stakeholders.
  • Excellent communication skills, with the ability to present complex technical concepts to both non-technical stakeholders.
  • Highly analytical mindset, able to balance strategic thinking with a strong bias for action and hands-on problem-solving.
Responsibilities
  • Own and execute the product roadmap for the Loan Lifecycle team, managing foundational data systems like Loans Platform, Loans Ledger, and Financial Reporting, while ensuring efficient and accurate data flows between systems.
  • Partner closely with engineering leadership, accounting, finance, compliance, legal, and other cross-functional teams to support a range of long-term initiatives, ad-hoc requests and new product launches.
  • Lead efforts to enhance our platform's capabilities enabling expansion into new markets, new product launches, and the transformation of our reporting infrastructure.
  • Drive operational improvements across our loan systems to increase efficiency, stability, and scalability while maintaining a high standard of accuracy and compliance.
  • Serve as the internal subject matter expert, guiding product and business teams on best practices for working with our systems.

Affirm offers point-of-sale financing solutions as an alternative to traditional credit cards, primarily targeting consumers seeking flexible payment options and merchants wanting to provide these plans. Its main service is "buy now, pay later" (BNPL), allowing consumers to make purchases and pay over time through installment plans without hidden fees or deferred interest. Affirm partners with various merchants to integrate its payment solutions into their sales platforms, whether online or in-store, using user-friendly plugins and APIs. The company generates revenue from interest and fees on installment loans and from merchants who pay to offer Affirm's financing options. Additionally, Affirm provides a merchant dashboard for transaction processing and marketing support, helping businesses increase conversion rates and enhance customer purchasing power.

Company Stage

IPO

Total Funding

$1.1B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

4%

1 year growth

9%

2 year growth

-10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Affirm's partnership with Adyen expands its reach in the Canadian market.
  • The $4 billion capital partnership with Sixth Street boosts Affirm's financial stability.
  • Affirm's new merchant partnerships enhance its market presence and consumer engagement.

What critics are saying

  • Increased competition from tech giants like Apple could threaten Affirm's market share.
  • Expansion to Adyen's platform may expose Affirm to new regulatory challenges in Canada.
  • Reliance on large retailers like Walmart could lead to conflicts of interest.

What makes Affirm unique

  • Affirm offers transparent payment plans with no hidden fees, unlike traditional credit cards.
  • Affirm partners with over 2,000 merchants, providing diverse shopping options for consumers.
  • Affirm's user-friendly APIs enable seamless integration with online and in-store platforms.

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Benefits

Spending wallets: Access tech, food, lifestyle, and family planning wallets for your expenses

Supportive communities: Get involved with our employee resource groups and community groups

Remote-first workforce: If your role is remote, you can set up shop anywhere in your home country

Generous time off: Take the time you need when life happens

Health benefits: Get a plan that fits your needs

Mental healthcare: Take care of your mind with great mental health programs

Parental leave: Birth and non-birth parents get 18 weeks paid leave. Plus, a 4-week return-to-work transition program, at full base pay.

Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family.

Away days: We offer 24 company-wide paid days off—which help our teams collectively pause to recharge.

Learning & development: Engage in exciting learning programs to level up your growth.

INACTIVE