[Remote] Senior Product Manager (Underwriting) at Lendbuzz

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

5–7 years of product experience, including experience leading or mentoring other product managers
Ability to lead, execute, and manage both the strategic and tactical aspects of product development
Proven experience in managing complex workflows, especially in underwriting, and building scalable systems that improve internal efficiencies
Experience in rapid-growth startups is a major plus
Experience building and scaling internal platforms or similar products

Responsibilities

Lead an Engineering team, owning the strategy and execution of Credit Verifications, AI Verifications, and Fraud
Partner with internal teams to develop scalable underwriting workflows that improve internal efficiencies and real-time decisioning for our customers
Work collaboratively with AI/ML teams to rapidly drive automation initiatives
Manage strategic leadership with hands-on product execution, working across the product lifecycle to deliver impactful solutions
Overseeing PMs while hands-on driving the design and development of internal platforms that support verification processes
Mentor senior and junior PMs, fostering a high-performance culture within the team

Skills

Lendbuzz

Provides auto loans for international students

About Lendbuzz

Lendbuzz provides auto loans specifically designed for international students and professionals in the United States who may struggle to secure financing through traditional lenders. The company uses advanced data analytics and machine learning to evaluate the creditworthiness of borrowers, focusing on a wider range of financial and personal data rather than just credit scores. This approach allows Lendbuzz to cater to a niche market that is often overlooked by conventional financial institutions. Borrowers can apply for loans online, verify their information easily, and sign documents digitally, making the process user-friendly. Lendbuzz earns revenue by charging interest on loans and may also receive fees from car dealerships for facilitating the loan process. The goal of Lendbuzz is to make auto financing more accessible to those who typically face challenges in obtaining loans.

Boston, MassachusettsHeadquarters

2015Year Founded

$246.1MTotal Funding

LENDING_CAPITALCompany Stage

Automotive & Transportation, FintechIndustries

201-500Employees

Benefits

Dental & health insurance

401(k)

Company outings

Fitness center

Unlimited PTO

Stocked kitchen

Company issued hardware

Cool swag

Flexible working hours

Risks

Increased competition from similar fintech companies could erode Lendbuzz's market share.

Potential regulatory scrutiny on AI models may increase compliance costs.

Economic downturns could impact demand for auto loans, affecting Lendbuzz's revenue.

Differentiation

Lendbuzz uses AI to assess creditworthiness beyond traditional credit scores.

The company targets international students and immigrants, a niche underserved by traditional lenders.

Lendbuzz partners with auto dealerships to offer seamless financing solutions.

Upsides

Lendbuzz secured $100M from Japan's largest bank, enhancing its financial stability.

The U.S. auto loan market growth benefits Lendbuzz's specialized services.

Increased adoption of digital lending aligns with Lendbuzz's user-friendly application process.

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