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Full-Time

Lead Product Manager

Payments, Pangea, Hybrid

Posted on 3/7/2024

Enova

Enova

1,001-5,000 employees

Online financial services and credit solutions

Fintech
Financial Services

Senior, Expert

Chicago, IL, USA

Category
Product Management
Product
Requirements
  • A Bachelors or Masters degree
  • 6+ years of experience as a product manager, with 2+ years experience in a payments related role
  • An owner mentality
  • The ability to make data driven decisions
  • Thorough organization and documentation skills
  • Experience in payment systems
  • Experience gathering customer insights
  • Deep empathy for customers
Responsibilities
  • Own a mission critical goal for the organization and determine the roadmap to achieve it
  • Drive business initiatives from discovery through delivery
  • Conduct efficient discovery for ambitious new product ideas
  • Monitor metrics and customer feedback post-release
  • Provide clear visibility to the company regarding roadmap initiatives

Enova provides online financial services, focusing on accessible credit solutions for non-prime consumers and small businesses. Their platform uses machine learning to evaluate creditworthiness, allowing them to offer loans to individuals with lower credit scores who may struggle to obtain financing from traditional banks. Enova differentiates itself by targeting underserved markets, addressing the financial challenges faced by many Americans and small businesses. The company generates revenue through interest and fees on its loans and also partners with traditional banks to enhance their credit offerings. Enova's goal is to help hardworking individuals access reliable credit while promoting diversity and inclusion within its workforce.

Company Stage

IPO

Total Funding

$400M

Headquarters

Chicago, Illinois

Founded

2004

Growth & Insights
Headcount

6 month growth

2%

1 year growth

16%

2 year growth

27%
Simplify Jobs

Simplify's Take

What believers are saying

  • Enova's record lending volume and solid credit performance indicate strong market demand and effective risk management.
  • The company's consistent revenue growth and profitability, as evidenced by a 26% increase in total revenue in Q1 2024, highlight its robust financial health.
  • Recognition as one of Computerworld's Best Places to Work in IT for 11 consecutive years underscores a positive and supportive work environment.

What critics are saying

  • Rising charge-offs, although still below pre-pandemic levels, could indicate potential future credit risk issues.
  • Dependence on machine learning models for credit risk management may pose challenges if these models fail to adapt to changing market conditions.

What makes Enova unique

  • Enova leverages a machine learning-powered platform to offer accessible credit solutions specifically to non-prime consumers and small businesses, a niche often underserved by traditional banks.
  • Their collaboration with traditional banks to enhance credit offerings sets them apart from other fintech companies that operate independently.
  • Enova's diversified income stream from personal loans, small business loans, and lines of credit ensures financial stability and resilience.

Benefits

Advance your career - We have a dedicated training team focused on giving you the tools you need to succeed within your department, within the company and in your career. The focus starts day one with a robust onboarding program and continues throughout your career at Enova.

See the benefits - Full-time employees receive medical, dental and vision benefits; matching 401(k); PTO; commuter benefits; flexible spending accounts for health care and dependent daycare; and more!

Be recognized - There’s plenty of room for both lateral and upward movement here at Enova. We’re always interested in promoting from within, and we keep a lookout for top talent who are ready to advance.

Get your perks - Full-time employees can receive tuition reimbursement, one-month paid sabbatical after four years, discounted massages, manicures and other perks.

Give back - We work throughout the year to partner with local charities and assist our neighbors in need. We also offer a charitable match program — allowing team members to double their impact when they donate money to charity.

Have fun - We like challenges here; maybe that’s why we have so many games, competitions and outings. There are a number of ways you can scratch your competitive itch and have fun!

INACTIVE