General Manager – Line of Credit

This is a fully remote position, open to applicants in United States.

📋 Description

• Take complete ownership of the P&L for the line of credit division.

• Propel revenue and profitability objectives while overseeing risk-adjusted returns.

• Transition the business from initial traction to substantial scaling.

• Enhance and implement the strategy to evolve the line of credit into a sustainable, unique product.

• Establish how the line of credit integrates with installment loans.

• Refine unit economics across credit-limit initiation, line increases, draws, utilization, pricing, and repayments.

• Create scalable, repeatable returns.

• Expand new accounts through direct, partnership, and mobile app channels.

• Boost repeat usage and enhance lifetime customer value.

• Own and develop the growth strategy for the business.

• Enhance the digital customer experience from application through to draws, payments, and account management.

• Drive customer acquisition, engagement, and retention initiatives.

• Optimize underwriting processes, credit-line strategies, pricing models, and portfolio monitoring.

• Balance growth objectives with sound credit outcomes.

• Collaborate with Finance and Capital Markets to build and scale the funding strategy.

• Facilitate growth in balances while optimizing the cost of capital.

• Build and nurture a high-performing cross-functional team.

• Collaborate across Marketing, Operations, Finance, Legal, Compliance, and Technology departments.

⛳️ Requirements

• A Bachelor's degree in Business, Finance, Economics, or a related discipline.

• An MBA or advanced degree is preferred.

• Over 10 years of progressive experience in consumer lending, fintech, or financial services, including senior leadership positions with direct P&L accountability.

• Proven success in scaling an early-stage business line or product into a profitable operation, preferably in lines of credit, credit cards, or other revolving credit products.

• Strong understanding of revolving credit economics, including credit line assignment and management, utilization, pricing, credit and portfolio performance, and the factors influencing a profitable lending P&L.

• Demonstrated ability to grow a digital consumer credit product through marketing strategies, partnerships, and customer engagement efforts.

• Familiarity with the regulatory landscape for consumer lending, including open-end credit (TILA and Regulation Z, ECOA, FCRA, UDAAP, and relevant state and federal regulations).

• Experience working with subprime or near-prime consumers is preferred.

• An entrepreneurial, hands-on operator who excels in a fast-paced environment and is adaptable to change and ambiguity.

• Outstanding leadership, communication, and analytical skills, with the capacity to influence at all organizational levels.

• A strong sense of ownership of the business and its outcomes.

🏝️ Benefits

• Flexible Paid Time Off.

• Comprehensive health benefits including generous medical, dental, and vision insurance plans.

• 401(k) plan with matching contributions.

• Paid Family Leave.

• Annual Wellness & Work From Home Subsidies.

• Employee Referral Program.

• A remote-first culture with a convenient downtown office located in the heart of the city.