[Remote] Sr. Product Manager I at Cars Commerce

United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Automotive, Technology, FinanceIndustries

Requirements

Deep fintech experience, preferably in automotive finance
Expertise in creating intuitive financing experiences for complex credit decisions
Strong empathy for consumers navigating financing decisions
Ability to make product decisions based on qualitative user research and quantitative funnel analytics
Understanding of automotive finance, credit decisioning, and API integrations with third-party financial services
Natural collaborator who builds positive relationships with internal and external teams

Responsibilities

Define and execute a consumer-focused financing strategy to drive revenue growth through innovative financial tools and experiences
Focus on prequalification tools, shop-by-payment experiences, lender integrations, and optimizing the financing funnel to convert more consumers into qualified buyers
Partner closely with internal stakeholders (Platform Engineering, CiQ, Finance, Sales) and external stakeholders (lending partners, specialty dealers)
Lead innovation in consumer finance products while collaborating across engineering, design, and business teams
Own the product roadmap for financing tools
Define success metrics around funnel conversion and throughput
Drive measurable improvements in consumer experience and business outcomes, including funnel optimization, improving financing throughput, and expanding the addressable market

Skills

Key technologies and capabilities for this role

Product ManagementConsumer FinanceFinancing StrategyRevenue GrowthAutomotive RetailDigital Marketplace

Questions & Answers

Common questions about this position

What is the employment type for this Sr. Product Manager role?

The position is full-time.

What are the key responsibilities of the Product Manager for Consumer Finance?

The role involves defining and executing a consumer-focused financing strategy, focusing on prequalification tools, shop-by-payment experiences, lender integrations, and optimizing the financing funnel to drive revenue growth and convert more consumers into qualified buyers.

What skills and experience are required for this position?

The role requires deep fintech experience, preferably in automotive finance, expertise in creating intuitive financing experiences, funnel optimization, improving financing throughput, and partnering with internal and external stakeholders.

What is the company culture like at Cars Commerce?

Cars Commerce emphasizes collaboration with shared values like Rise Together, Open to All, Caring to Challenge, Taking Ownership, and Doing the Right Thing, fostering a competitive yet respectful environment focused on growth, integrity, and diverse thinking.

What is the salary or compensation for this role?

This information is not specified in the job description.

Cars Commerce

Online marketplace for buying and selling cars

About Cars Commerce

Cars Commerce operates as a digital marketplace in the automotive industry, connecting consumers who want to buy or sell cars with automotive businesses like dealerships and manufacturers. The platform provides consumers with essential information about vehicles, including product details, pricing, and seller locations, helping them make informed purchasing decisions. For automotive businesses, Cars Commerce offers insights and data on market trends and consumer behavior, which can enhance their sales strategies. The company generates revenue through advertising and subscription fees from these businesses for services like listings and access to consumer analytics. By utilizing technology and data, Cars Commerce aims to improve the efficiency and effectiveness of the car buying and selling process for both consumers and businesses.

Chicago, IllinoisHeadquarters

1998Year Founded

IPOCompany Stage

Data & Analytics, Automotive & TransportationIndustries

1,001-5,000Employees

Risks

Increased competition from platforms like Cars24 threatens Cars.com's market share.

Cars24's vehicle scrappage scheme may attract environmentally conscious consumers away from Cars.com.

Continuous innovation is required to maintain user engagement against competitors' superior alternatives.

Differentiation

Cars.com offers a comprehensive platform for both car buyers and sellers.

The platform provides valuable insights and data to automotive businesses.

Cars.com is recognized for its extensive EV-related content and services.

Upsides

Increased consumer interest in EVs boosts demand for Cars.com's listings and reviews.

AI-driven personalization enhances user experience and engagement on Cars.com.

The shift towards subscription-based car ownership creates new service opportunities for Cars.com.

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