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Salmon Group

PaaS fintech expanding inclusive credit

Financial Project Manager - Core Banking Operations

Full-Time
No salary listed
Expert
Serbia+7 moreMore locations: Armenia | Manila, Metro Manila, Philippines | Kyrgyzstan | Bangkok, Thailand | Kazakhstan | Cyprus | Uzbekistan
HybridRelocation to Manila is required; hybrid work and periodic company-sponsored trips to Manila are mentioned.
Project & Program ManagementProject Management

About the job

Requirements
  • At least 10 years of experience with a strong track record in finance and accounting project management.
  • A solid understanding of accounting fundamentals and the close process.
  • Experience leading or driving process-automation initiatives, including practical Odoo or comparable enterprise resource planning experience for accounting automation.
  • Strong information technology literacy, including comfort with system architecture, data flows, and technical requirements sufficient to bridge Finance and IT/Engineering.
  • Project-management discipline in scoping, milestone tracking, risk management, and stakeholder communication across Finance, IT/Engineering, and Compliance.
  • Ability to turn ambiguous problems into a plan with milestones.
Responsibilities
  • Lead the core banking system project from the Finance side, owning scope, milestones, dependencies, and risk tracking, and act as Finance's subject-matter representative across vendor selection, design, and rollout.
  • Run user acceptance testing, data-migration validation, and cutover planning from the Finance side, coordinating with IT/Engineering and vendors.
  • Connect Finance, IT/Engineering, and Compliance by surfacing regulatory gaps tied to system limitations, helping close them, and keeping Finance leadership informed on progress, risk, and dependencies.
  • Turn accounting needs, regulatory obligations such as BSP/MORB, and product-administration realities into system requirements and manage delivery against them.
  • Build and drive the accounting-backlog remediation plan with milestones, involving Finance colleagues and outside support as appropriate.
  • Integrate month-end and period-end close and reporting based on the core banking system directly with the general ledger, and maintain that integration.
  • Make Odoo accounting automation an owned, documented, controlled, and audit-ready process.
  • Identify and prioritize efficiency gains by automating manual entries, reconciliations, and reporting, using artificial intelligence where applicable, to reduce team effort and errors.
  • Contribute to initial public offering readiness work relating to financial systems and controls.

About the company

Salmon Group is a financial technology company that provides a platform-as-a-service (PaaS) for accessible credit, savings, and investment products to underserved consumers in Southeast Asia, with a focus on the Philippines. Its products work by offering financial services through a technology-driven platform that operates 24/7, enabling customers to access loans, save money, and invest using streamlined digital tools; the company generates revenue from its credit products and other financial services. Salmon differentiates itself by targeting the underbanked Filipino population, modernizing traditional banking through the Rural Bank of Sta. Rosa and expanding via a strong funding base, with an emphasis on scale and ease of access in a large untapped market. Its goal is to improve financial inclusion by bringing affordable and convenient financial services to millions of customers who have historically been excluded from traditional banks.

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$379M

Headquarters

Taguig, Philippines

Founded

2022

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Simplify's Take

What believers are saying

  • Spice Expeditions led April 2026 funding, joined by WUIMC, Moore Strategic Ventures, and FJ Labs.
  • June 2026 fraud upgrades added live facial verification and instant transaction freezes.
  • March 2026 capital injection lifted Salmon Bank Core Equity Tier 1 to 23.1%.

What critics are saying

  • The April 2026 bond priced at 13.7%, squeezing lending spreads and profitability.
  • BSP approval still gates thrift conversion, leaving Salmon trapped in rural-bank limits.
  • SEC advisories against fake Salmon apps deepen brand confusion and consumer distrust.

What makes Salmon Group unique

  • Salmon bought Rural Bank of Sta. Rosa in 2024, then became BSP-licensed.
  • April 20, 2026 financing mixed $60 million equity with $40 million Nordic bonds.
  • Salmon Bank hit ₱1.6 billion equity in March 2026, enabling thrift-license pursuit.

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Benefits

  • Health Insurance
  • Paid Vacation
  • Paid Sick Leave
  • Parental Leave
  • Hybrid Work Options
  • Remote Work Options
  • Stock Options
  • Relocation Assistance
  • Mental Health Support

Growth & Insights and Company News

6 month growth

2%

1 year growth

-1%

2 year growth

1%
Salmon
Oct 20th, 2026
Salmon secures $140 million (₱8.8 billion) to double down on the growth opportunity in the Philippines

$90 million financing committed by Spice Expeditions, WashU and Moore and $50 million of bond proceeds to fund the scaling of profitable lending and launches of new products

InsiderPH
Oct 19th, 2026
Salmon secures $140M to expand Philippine lending to motorcycle buyers and small businesses

Salmon Group has secured $140 million (P8.8 billion) in fresh financing to expand its Philippine lending business, targeting motorcycle buyers and small businesses that struggle to get bank loans. The financial technology company will grow its credit lines and installment loans offered through retail stores, and launch new lending products nationwide. It also plans to move into motorcycle financing and loans for micro, small and medium enterprises. "We are doubling down on the opportunity in the Philippines as we believe deeply in its scale and in the importance of focus to deliver a differentiated execution," said co-founder Pavel Fedorov. Salmon Finance uses artificial intelligence to make credit decisions within minutes. The group also runs Salmon Bank, a Bangko Sentral ng Pilipinas-licensed rural bank. Founded in July 2022, Salmon is backed by the International Finance Corporation, ADQ/Lunate, and Antler, among others. Its app has reached nine million downloads.

TechCrunch
Apr 23rd, 2026
Salmon raises $100M in equity and debt to bring digital credit to underbanked Filipinos | TechCrunch

Salmon is targeting underbanked Filipinos, with little to no credit history, as well as people unhappy with the incumbent lenders' reliability issues.

Salmon
Apr 21st, 2026
$100 Million Financing Round by Salmon to Accelerate Growth in the Philippines

Round combines $60 million in new equity from leading US venture investors and strong participation of existing investors of Salmon with a concurrent $40 million public bond offering

FinTech Futures
Apr 21st, 2026
Salmon Group raises $100m in equity and bonds.

Salmon Group raises $100m in equity and bonds. The round consisted of $60 million in equity funding led by Spice Expeditions and $40 million raised through public bond issuance. April 21, 2026 Salmon Group, a Philippines-based fintech, has secured $100 million in a new financing round, comprising $60 million in equity funding and $40 million through public bond issuance. The equity component was led by Spice Expeditions and included support from Washington University Investment Management Company (WUIMC), Moore Strategic Ventures, FJ Labs, and other existing backers. According to a company statement, the equity funding, which builds on the $28 million the firm raised in 2025, will be used to "accelerate Salmon's product expansion, deepen its distribution network across the Philippines, further enhance the capitalisation of Salmon Bank, and grow the overall balance sheet capacity of Salmon Group". In addition to the equity funding, Salmon Group has raised $40 million through public bonds. This issuance is part of its existing $150 million Nordic bond programme, with the proceeds allocated to support the growth of Salmon's lending portfolio. Regarding the round's dual-tranche structure, Salmon highlights that it diversifies its funding sources and "positions the company for sustained balance sheet growth while maintaining a disciplined approach to capital management". Founded in 2022 by Pavel Fedorov, George Chesakov, and Raffy Montemayor, Salmon operates Salmon Finance, a financing company, and Salmon Bank, a Bangko Sentral ng Pilipinas (BSP)-licensed bank. The group entered the banking sector in 2024 after it acquired a controlling stake in Rural Bank of Sta. Rosa. Reporter, FinTech Futures Cameron Emanuel-Burns, a reporter at FinTech Futures, is dedicated to enhancing the accessibility of fintech for a broader audience. He has contributed articles to various media platforms and possesses a strong interest in all aspects of fintech. Prior to his involvement in the financial industry, Emanuel-Burns worked in the podcasting field, where he held editorial, hosting,and production positions for renowned production companies, covering diverse topics. With a research master's degree in conflict analysis, he conducted a study on the influence of anti-refugee policies on extremism. Webinar | 26 May 2026 | Value first, technology second: Rethinking process transformation in finance and insurance Led by industry experts, this webinar will provide a practical, customer value-first framework to help you bridge the gap between business goals and IT execution.