[Remote] Senior Product Manager – Managed Accounts at Empower

San Antonio, Texas, United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

Bachelor’s degree in a related field (or equivalent experience)
7+ years of product management or product owner experience in the retirement, wealth management, or investment industry
Strong understanding of managed accounts, digital advice, and participant experience drivers
Ability to think strategically while driving tactical execution
Proven experience balancing competing priorities and aligning initiatives with long-term business objectives
Strong communication and collaboration skills across technical and non-technical teams
Advanced proficiency in Microsoft PowerPoint and Excel
Experience managing multiple initiatives in a fast-paced environment

Responsibilities

Define and maintain the managed accounts product vision in alignment with business objectives and participant needs
Identify, assess, and prioritize initiatives that may include savings and drawdown advice, investment methodology, participant experience and other focus areas
Translate strategic opportunities into actionable requirements and deliverables for cross-functional partners
Develop deep partnerships across the organization to ensure alignment on market need, value delivery, and deployment of relevant products
Collaborate with Legal, Compliance, Marketing, and Operations to deliver compliant, effective, and scalable solutions
Monitor initiative performance and leverage data, insights, and participant feedback to inform strategy and continuous improvement
Support adoption strategies for managed accounts through demos, presentations, and engagement with clients and internal partners
Report on initiative status, performance, and outcomes to senior leadership

Skills

Empower

Personal finance management and credit building

About Empower

Empower.me provides personal finance management and credit building services through a subscription model. Users can sign up for a 14-day free trial, after which they pay $8 per month for access to various financial tools. These tools include customizable payment plans, budgeting features, and credit score monitoring. A key aspect of Empower.me is its focus on helping users build credit by reporting their payments to credit bureaus, which can enhance their credit history if payments are made on time. Additionally, Empower.me offers a Thrive line of credit, which involves a soft inquiry on the user's credit report, ensuring that their credit score remains unaffected during the application process. Unlike many competitors, Empower.me specifically targets individuals with no minimum credit score, aiming to improve their financial health and savings.

San Francisco, CaliforniaHeadquarters

2016Year Founded

$96.8MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Generous equity package

Full healthcare benefits

Unlimited PTO

Technology expense reimbursement

Work from anywhere

Risks

Increased competition from fintech companies like Chime and Varo could impact market share.

Integration challenges from acquisitions may disrupt operations and delay strategic goals.

Regulatory scrutiny on credit services could increase compliance requirements and costs.

Differentiation

Empower offers a unique subscription-based model for financial management tools.

The company focuses on credit building by reporting payments to credit bureaus.

Empower's Thrive line of credit involves a soft inquiry, not affecting credit scores.

Upsides

Acquisition of Petal and Cashalo expands Empower's product offerings and customer base.

Increased demand for financial literacy tools among millennials and Gen Z benefits Empower.

Growing interest in alternative credit scoring aligns with Empower's mission for underserved consumers.

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