[Remote] Financial Products Manager at Hometap

Boston, Massachusetts, United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

3+ years of relevant experience in financial product development (or similar) in an operating company, investment banking, consulting, or private equity
Outstanding modeling, analytical and critical thinking skills, including the ability to identify and synthesize key points in any analysis
Solutions-oriented approach to complex problems with a strong bias for action
Empathy and curiosity for homeowner and investor perspectives
A quick learner with a track record of delivering business results through analysis – resourceful, self-sufficient, and energized by fast-paced, growth-stage environments
Positive relationship building capabilities and ability to work with cross-functional stakeholders

Responsibilities

Conduct analysis of financial products, including but not limited to asset modeling, portfolio performance modeling, business case modeling, and scenario analysis
Develop subject matter expertise on Hometap's financial products, including how they work and fit into the competitive landscape
Research and develop potential new products and product changes, from hypothesis testing to supporting initial launch plans
Contribute to pricing, structuring and feature decisions that optimize and evolve financial products
Develop and maintain processes to continuously track, document, and synthesize information on relevant market trends
Vet and prioritize opportunities for inclusion in the financial product roadmap, working closely with Finance, Data Science, Marketing, and Capital to create a compelling, data-driven rationale for each one
Support creation of investor GTM narrative, including rationale supporting the product’s pricing, structure, assumptions, and methodologies
Develop expertise on methodologies and solutions that influence the success of our financial products (e.g., valuation, property type policy)
Be accountable for product competitiveness for target homeowners and investors
Lead by example and embody Hometap’s values

Hometap

Provides cash for home equity access

About Hometap

Hometap provides homeowners with a way to access their home equity without selling their property or incurring additional debt. The company offers a lump sum of cash in exchange for a share of the future value of the home, allowing homeowners to unlock up to $600,000 of their equity without monthly payments or interest. Hometap earns revenue by sharing in the appreciation of the home's value when it is sold or when the homeowner repurchases Hometap's share. This approach sets Hometap apart from traditional home equity loans, as it offers a flexible and debt-free solution. The company's goal is to simplify the financial process for homeowners, helping them achieve their financial objectives, such as paying off debt or funding education, while maintaining a high level of customer service.

Boston, MassachusettsHeadquarters

2017Year Founded

$405.6MTotal Funding

DEBTCompany Stage

Fintech, Financial ServicesIndustries

201-500Employees

Benefits

401k plan with match

Commuter benefits

Healthcare coverage

Flexible work schedule

Paid parental leave

Unlimited PTO

Learning & development

Generous share package

Risks

Rising interest rates may make traditional loans more appealing.

Increased competition from fintechs could erode market share.

Potential regulatory changes could impact Hometap's business model.

Differentiation

Hometap offers debt-free home equity access, unlike traditional loans.

The company provides a lump sum for a share of future home value.

Hometap's Home Equity Dashboard aids homeowners in managing their equity.

Upsides

Growing interest in alternative financing boosts Hometap's market potential.

Hometap's $278 million securitization shows strong investor interest.

Expansion into New York City taps into a large financial market.

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