Full-Time

Director – Merchant Support

Posted on 10/30/2024

Upgrade

Upgrade

1,001-5,000 employees

Provides loans, credit cards, and rewards

Fintech
Financial Services

Senior, Expert

Phoenix, AZ, USA

This is an in-office role in our Phoenix office.

Category
Supply Chain Management
Operations & Logistics
Requirements
  • Bachelor's degree in finance, business administration, or related field. Master's degree preferred.
  • 5-10+ years of experience in operations management within the financial services industry, with a focus on merchant risk and/or support.
  • Experience working in a contact center point of sale lending merchants.
  • Home improvement loan experience preferred.
  • Excellent analytical and problem-solving skills.
  • Strong leadership and team management skills.
Responsibilities
  • Develop and implement servicing and merchant strategies.
  • Monitor and ensure key KPI’s are being met while working cross functionally to achieve goals.
  • Identify and implement strategic improvements in order to improve the customer and merchant experience.
  • Collaborate with internal teams to ensure compliance with regulatory requirements and best practices.
  • Ensure consumer and merchant applications are actioned appropriately with a balance between speed and accuracy. Then providing feedback to improve the processes.
  • Lead a team of professionals to achieve departmental goals and objectives.
  • Synthesizing data such as dispute metrics, credit metrics, and overall feedback to make effective recommendations. These recommendations will stretch across sales, underwriting, disputes, broader servicing channels as well as risk, compliance and legal teams.
  • Stay current on industry trends and best practices related to Merchant Support and general Operational management.

Upgrade offers personal loans, credit cards, and rewards checking accounts to help individuals manage their finances. Their personal loans allow borrowing up to $50,000 with fixed rates and no prepayment penalties, while the Upgrade Card provides cash back rewards on various spending categories. What makes Upgrade different is its focus on affordable and flexible credit solutions, along with incentives for responsible financial behavior. The company's goal is to provide accessible credit options that promote long-term financial health.

Company Stage

Series F

Total Funding

$532.1M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

7%

1 year growth

30%

2 year growth

52%
Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with FairPlay enhances compliance and fairness in lending practices.
  • Expansion into auto loans diversifies product offerings and customer base.
  • Growing demand for secured credit cards boosts potential market for Secured OneCard.

What critics are saying

  • Increased competition in BNPL space may impact market share in travel financing.
  • Expansion into auto loans exposes Upgrade to higher default risks.

What makes Upgrade unique

  • Upgrade offers a unique combination of credit cards and personal loans.
  • The company provides free credit monitoring and educational tools for financial management.
  • Upgrade's Secured OneCard targets consumers with limited credit history.

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