Purpose Financial is looking to develop alternative solutions to the existing Payday Loan product and ensure the profitability and financial success of the Payday Loan Product
Requirements
- Proficiency in financial modeling and data analysis tools
- Strong analytical skills with the ability to interpret complex financial data
- Experience with data visualization tools (e.g., Tableau)
- Knowledge of consumer lending or financial services industry
- Experience developing system level requirements
- Proficiency in financial analysis, product management, or a related field
- Experience with credit risk models, cutoffs, and fraud controls
Responsibilities
- Design and lead the execution and go to market strategy for Payday Loan Alternative Product(s)
- Lead P&L management for assigned products, ensuring alignment with financial goals and company strategy
- Conduct competitive and market analysis to inform product pricing, loan amounts, terms, and refinance/draw frequency
- Collaborate with state operational leaders to tailor strategies for specific markets
- Analyze unit-level profitability and bridge findings to monthly portfolio performance
- Partner with data science to refine credit risk models, cutoffs, and fraud controls
- Utilize data visualization tools (e.g., Tableau) for informed, data-driven decision-making
Other
- Bachelor’s degree in Finance, Economics, Business Administration, or a related field, or equivalent relevant experience
- Demonstrated track record of a minimum of 3 years in consumer lending within the Payday Loan Alternative sector
- Excellent communication and presentation skills
- Ability to work collaboratively across teams and with senior management
- Must be eligible to work in the USA and able to pass a background check
