Product Lead

London. Posted 19 days ago

The role

You will own the Express / Mid-prime personal loan product end to end. This involves managing the proposition, roadmap, and performance to balance growth with credit quality.

What you will do

Own the Express / Mid-prime product proposition, roadmap, performance and economics
Lead how offers are quoted and presented across aggregator and price-comparison marketplaces
Own conversion through the journey from quote to disbursal
Manage adverse selection in marketplace-acquired lending
Work with data science to ensure credit models are calibrated and tuned
Use credit and commercial insight to optimise unit economics
Monitor product and portfolio performance across the customer lifecycle
Shape underwriting strategy, segmentation, credit policy and decisioning logic
Design and evaluate experiments and strategy changes
Own the management information for the segment

Required qualifications

Around four to five years of experience in product, credit strategy, analytics or a closely related role within consumer lending or fintech
Experience in unsecured consumer lending
Hands-on data skills: SQL as a minimum
Experience working with or alongside credit decisioning, scorecards or risk models
Some experience of pricing, eligibility or offer design, and of using experiments or A/B tests to evaluate changes
A track record of using analysis to influence decisions
Strong written and verbal communication skills

Nice to have

Direct experience in higher-APR or near-prime lending
Python or R for analysis
Experience with Open Banking data or cashflow underwriting
Experience in a fast-growing fintech

Benefits

Equity
25 days holiday a year, plus 8 bank holidays
2 paid volunteering days per year
One month paid sabbatical after 4 years
Employee loan
Free gym membership
Team wellness budget

About the company

Abound is redefining consumer lending in the UK and beyond using advanced AI and Open Banking data. They have issued over £1.3bn in loans and are backed by £2bn+ of funding.