Full-Time
Senior Director
Auto Products
Posted on 9/24/2024
Pagaya
201-500 employees
AI-driven asset management for institutions
No salary listed
Senior, Expert
United States
- A proven track record of successful product launch and delivery particularly in fintech/consumer credit
- 12+ years of product management experience, focused on building category-leading products and delivering high-quality outcomes
- Proven auto expertise, with a deep understanding of the competitive landscape, risk management principles, and industry best practices.
- Robust technical and analytical skills, with the ability to interpret complex data, identify trends, and make data-driven decisions to optimize product performance.
- Business-first approach, with the ability to dive into the details of how a business works, identifying how to make it better, and building product solutions that deliver significant value
- Proven ability to build strong relationships, effectively collaborating with cross-functional teams and influencing stakeholders.
- Drive product development for Pagaya’s core Auto business, building and launching new capabilities that advance our business objectives
- Handle the end-to-end product lifecycle, driving execution from inception to launch and beyond
- Lead the development and execution of the product roadmap for our auto vertical
- Collaborate cross-functionally with various teams and internal stakeholders across our business to inform product planning, define and prioritize requirements, and deliver creative and innovative solutions
- Define KPIs and metrics to measure the success, regularly monitoring performance and making data-driven decisions to optimize product development and offerings.
- Stay abreast of industry trends, regulatory changes, and competitive developments in the auto space, translating data into actionable strategies to maintain our competitive edge.
Pagaya specializes in managing institutional money through the use of artificial intelligence. The company focuses on the asset management market, particularly in creating asset-backed securities (ABS). Its products utilize advanced machine learning and big data analytics to find profitable opportunities in complex financial markets. By collaborating with tech-enabled firms, Pagaya enhances its understanding of consumer behavior and its effects on credit markets. The company earns revenue by issuing and managing ABS, which are overseen by AI, offering a distinct advantage to institutional investors. Pagaya stands out from competitors with its emphasis on collaboration and technological advancement, allowing it to quickly identify opportunities and develop comprehensive solutions. The goal of Pagaya is to leverage its AI capabilities to drive growth and innovation in the financial sector, as evidenced by its achievement of issuing over $1 billion in ABS in just a year and a half.
Company Size
201-500
Company Stage
IPO
Headquarters
New York City, New York
Founded
2016
Simplify's Take
What believers are saying
- Pagaya's acquisition of Tally enhances its tech assets and market reach.
- Strong demand for Pagaya's ABS products indicates robust capital markets interest.
- Pagaya's planned acquisition of Theorem Technology will diversify funding and increase capital efficiency.
What critics are saying
- Increased competition from AI-driven companies like Rocket Companies could challenge Pagaya.
- Integration challenges may arise from the acquisition of Tally Technologies' intellectual property.
- Rapid expansion through acquisitions could lead to operational inefficiencies for Pagaya.
What makes Pagaya unique
- Pagaya uses AI and big data to manage institutional money effectively.
- Pagaya Pulse platform offers a scalable performance edge with advanced algorithms.
- Pagaya's focus on ABS provides a unique value proposition to institutional investors.
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Benefits
Health Insurance
Paid Vacation
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 1%2 year growth
↑ 0%Pagaya Technologies LTD. (NASDAQ: PGY) (
Pagaya Technologies LTD. (NASDAQ: PGY) (
LendingClub Corporation (NYSE: LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that they partnered together to acquire the intellectual property behind Tally Technologies, Inc. ("Tally"). Tally's innovative technology simplified credit card management, helping users optimize payments, reduce interest, and improve credit health. Tally's consumer solution allowed users to link credit cards, automate card payments, and adopt strategies to lower interest costs and avoid late fees. The company also created an embedded, white-label business-to-business credit card debt management platform leveraging the same functionality. LendingClub uses proprietary technology and data to provide consumers with compelling solutions to reduce the cost of their debt and pay it off more quickly. This transaction will accelerate the evolution
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