Full-Time

Product Manager II

Decisions and Pricing

Posted on 7/14/2024

Affirm

Affirm

1,001-5,000 employees

Provides buy now, pay later financing solutions

Fintech
Financial Services

Compensation Overview

$125k - $175kAnnually

+ Equity Rewards

Junior, Mid

Remote in Canada

Category
Product Management
Product Analytics
Product
Required Skills
Marketing
Data Analysis
Requirements
  • Minimum 2 years of prior product or relevant experience in consumer finance, payments, or underwriting is a plus
  • This position requires either equivalent practical experience or a Bachelor’s degree in a related field
Responsibilities
  • Define and socialize the product vision and strategy in collaboration with your peers in Pricing Engineering and Analytics
  • Define new products and features with requirement specs, product flows, and designs
  • Analyze and quantify the impact of product features and define metrics for success
  • Establish yourself as a trusted partner of our Pricing, Commercial, and Engineering teams
  • Become recognized as a domain expert in the subject matter that drives merchant monetization and conversion
  • Collaborate across functions – including engineering, design, analytics, legal, compliance, marketing, commercial, pricing and others – to successfully launch and scale products
  • Collaborate across product teams to support initiatives that interface with Affirm’s Pricing capabilities (e.g., international expansion, large merchant integrations, and new product verticals)

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 promotional tools to help businesses market these financing options effectively. The goal of Affirm is to enhance purchasing power for consumers while supporting merchants in increasing their sales.

Company Stage

IPO

Total Funding

$1.1B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

-10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Affirm's partnership with Adyen opens a $185 billion market opportunity in North America.
  • Affirm's BNPL services are gaining traction among high-income consumers for larger purchases.
  • Apple's promotion of Affirm's BNPL options could increase its adoption and visibility.

What critics are saying

  • Stricter CFPB regulations on BNPL firms could impact Affirm's business model.
  • The CE 100 Index's decline reflects potential investor concerns about the BNPL sector.
  • Expansion into Canada with Adyen may expose Affirm to new regulatory challenges.

What makes Affirm unique

  • Affirm offers transparent installment loans with no hidden fees, unlike traditional credit cards.
  • Affirm partners with over 2,000 merchants, including major brands across various retail sectors.
  • Affirm's seamless integration with e-commerce platforms enhances user experience and merchant adoption.

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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