Full-Time

General Manager

Lending

Posted on 9/4/2024

Earnest

Earnest

201-500 employees

Provides low-interest student and personal loans

Fintech
Financial Services

Compensation Overview

$186k - $211kAnnually

Senior, Expert

San Francisco, CA, USA + 1 more

More locations: Oakland, CA, USA

Requires onsite presence in Oakland for three consecutive days a month.

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Management
Marketing
Data Analysis
Requirements
  • 10+ years of demonstrated related work experience with an emphasis on product management, product development, finance, and/or general management; Consumer lending--credit card, personal loan or student lending--a plus
  • 4 - 6 years of experience as a strategic critical thought leader partnering with business owners to define and translate needs into business requirements and product solutions
  • 4 -6 years project management experience with leading large, complex organizational wide initiatives
  • Proven success managing high-performing, cross-functional teams and business units
  • Experience managing a growth P&L
  • Strong people management and EQ - you can set the tone for your team; driving towards results within a positive work environment
  • Data-driven decision mentality, strong analytics, and common sense
  • Creative approach to solving problems
  • MBA preferred.
  • Willingness to travel to the Oakland office monthly to collaborate with other Earnies.
Responsibilities
  • Collaborate with a cross functional team of individuals from multiple departments - Product, Design, Engineering, Marketing, Operations, Data and Analytics, Risk, Pricing, and Capital Markets - to meet yearly goals.
  • Own the customer experience from Origination through Servicing.
  • Influence and execute a multi-year vision and strategy to grow the business, and to communicate short- and long-term product goals and profitability objectives, working closely with key stakeholders to manage product KPIs including, but not limited to, NPS, NIM, CAC, Funnel conversion.
  • Partner with the Affiliate/Partnerships and Marketing team to identify and close value-creating strategic partnerships and alliances that lead to growth.
  • Be responsible for owning P&Ls for one of the Earnest lending products and will report to Earnest's Head of Lending Products, a member of the Earnest Executive Team.
  • Drive growth in the business and own all aspects of the business P&L
  • Develop and continuously update the overall strategy for the business
  • Manage a cross-functional team to accomplish goals set during strategic planning
  • Drive key product initiatives to completion

Earnest provides financial services focused on student loan refinancing, private student loans, and personal loans. The company uses advanced data analysis and underwriting software to assess each client's financial situation, allowing them to offer low-interest rates tailored to individual needs. Clients can select flexible repayment plans that suit their financial circumstances, making it easier to manage their debt. Unlike many competitors, Earnest continuously adjusts its rates based on market conditions to remain competitive. The goal of Earnest is to help financially responsible individuals effectively manage their educational and personal debt.

Company Stage

Acquired

Total Funding

$123.5M

Headquarters

San Francisco, California

Founded

2013

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for digital financial services boosts Earnest's online platform.
  • Alternative credit scoring models support Earnest's data-driven approach.
  • Growing trend of student loan refinancing aligns with Earnest's core offerings.

What critics are saying

  • Increased competition from fintech startups could erode market share.
  • Rising interest rates may decrease demand for refinancing options.
  • Potential regulatory changes could increase operational costs.

What makes Earnest unique

  • Earnest uses data-driven underwriting beyond traditional credit scores.
  • Offers flexible repayment plans tailored to individual financial situations.
  • Maintains a digital-first approach for loan applications and management.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Home Office Stipend

Phone/Internet Stipend

Tuition Reimbursement

Paid Vacation

Parental Leave

Company Equity

INACTIVE