Director, Product Management Strategy

About People Capital

 

People Capital, Inc. was founded in 2008 by a team of world-class talent with backgrounds in student loans, consumer finance, credit ratings and new media to develop the next generation of credit risk management and funding for student financing.  www.people2capital.com

 

We are targeting the $60 billion student loan and credit card markets which are perfect for the peer-to-peer (p2p) & micro lending model. Like eBay, we will provide a complete platform, but for micro lending. We will act as an originator and will provide tools to lenders allowing for portfolio analysis, credit risk analysis and debt collection. We will create a secondary market to enhance liquidity and will include institutional lenders in the bidding process so that the marketplace will be a category killer for the industry.

 

Our p2p lending platform brings innovative financing solutions for students to finance their college educations by marrying together traditional FICO scores, guarantors and co-signers with cutting-edge information-based strategies from the credit card industry. At the same time, our patent-pending human capital score can underwrite students without credit history by being able to project individual income levels and ability to pay indebtedness.  We incorporate merit data such as GPAs, SAT scores, internships, college and major to providing a true and unbiased, data-driven measure of economic value of an education.

We have raised seed capital from Josh Mailman, philanthropist and founder of the Social Venture Network, and a Wharton run hedge fund investing in student loan companies. We will complete our first major round funding in the next month and have an immediate opportunity to expand our team with a seasoned product manager.

 

Job Description

The Director, Product Management Strategy is responsible for the development and management of our product platform. He/she will also be responsible for researching the customer, the market and the competition to determine market requirements and to develop strategic plans for features and functionality which would meet key customer needs.

 

More specifically, the successful candidate will be responsible for:

·         Defining the strategic position of the product in the market, target customer segments, key messages and unique selling proposition. Providing the ongoing definition and refinement of the product strategy, to meet both short term and long range goals.

·         Coordinating and leading teams to ensure the successful definition, delivery and development of the platform and associated features and functionalities.

·         Working closely with information technology and business analysis in the interpretation of new product features and the translation into product design specifications.

·         Developing financial business plans necessary to obtain investment in new features; tracking performance against forecasted objectives and developing corrective strategies when objectives are not being met.

·         Ongoing monitoring of all relevant market changes including competitive activities and adjusting product activities to respond appropriately to ensure product continues to meet its objectives.

·         Support the marketing and selling process and our business development organization by extensive involvement in customer outreach.

 

Ideal Experience

 

·         7+ years of experience in product development and/or product management - preferably with web-based consumer financial services

·         Proven project management skills

·         In-depth knowledge of the global capital markets – especially with consumer financial services, credit markets or student loan financing

·         Experience with e-commerce, auction or exchange platforms

·         Self-starter with demonstrated ability to work in a start-up environment

·         Excellent communication skills – both written and verbal

·         Bachelors degree required - graduate degree and/or CFA preferred

 

Compensation & Location

 

·         Competitive salary and benefits

·         Founders equity

·         Manhattan

 

Contact

Please email cover note and resume to hr@people2capital.com .

 

 

Keywords: specialty finance, consumer finance, securitization, ABS, asset backed securities, stock options, start-up, entrepreneurial, investment banking, venture capital, private equity, unsecured, alternative loans, p2p, person-to-person, p2p, peer-2-peer, micro lending, social networking, grameen bank, student loan, credit card, education, capital one, first marblehead, discover, sallie mae, nelnet, citibank, mbna, VC, private equity, prosper, zopa, virgin money, lending club, Harvard, Columbia, fixed income, Capital One