A
Product Lead
Contract type
Ongoing
Work mode
Hybrid · United Kingdom
Experience
Mid-level · 4+ years
Job description
A Product Lead role at Abound owning the Express / Mid-prime unsecured personal loan product end to end, including proposition, pricing, offer design, conversion and credit performance. It is a step-up product role for someone with lending or fintech experience who is comfortable working hands-on with data and credit decisioning.
At a glance
- Employment
- Full-time · Employee (employment agreement)
- Work mode
- Hybrid · United Kingdom
- Languages
- English
What you'll do
- Own the Express / Mid-prime product: proposition, roadmap, performance and economics, with direct accountability for the balance between growth and credit quality
- Lead how offers are quoted and presented across aggregator and price-comparison marketplaces, optimising eligibility, risk-based pricing and offer presentation
- Own conversion through the journey, from quote to disbursal, including how Open Banking data is requested and how that affects drop-off and book quality
- Understand and actively manage adverse selection in marketplace-acquired lending, shaping offer, pricing and decisioning strategy
- Work with data science to make sure credit models are calibrated and tuned for this population, and get into the data when needed
- Use credit and commercial insight to optimise unit economics, balancing approval rates, pricing, loss rates and volume
- Monitor product and portfolio performance across the customer lifecycle, spotting emerging trends, risks and opportunities early
- Shape underwriting strategy, segmentation, credit policy and decisioning logic in partnership with risk and data science
- Design and evaluate experiments and strategy changes, and turn analysis into clear, actionable recommendations
- Own the management information for the segment: define the metrics, monitoring and reporting
- Assess new initiatives, customer segments and product changes with both a commercial and a credit lens
- Present clear, structured updates on product performance to senior leadership and governance forums, and support funding and due diligence conversations
What we're looking for
- A product person at heart who cares about the customer, the journey and the commercial outcome and wants to own something end to end
- Quantitative and hands-on: comfortable in SQL and Python (or similar), able to interrogate a dataset and hold their own with data scientists on model performance and calibration
- Credit-literate: understands how eligibility, pricing and underwriting decisions shape the book, with a working understanding of adverse selection in marketplace lending
- Commercially sharp, with a solid grasp of unit economics and an understanding that product decisions in lending must work for both growth and portfolio performance
- Curious about trade-offs, alert to the fact that deeper affordability assessment can hurt conversion
- Able to move between detail and direction
- Confident challenging assumptions and turning analysis into practical action, able to explain reasoning clearly to non-analysts
- Collaborative and credible with risk, commercial, engineering and data science teams
- Structured, proactive and comfortable in a scaling environment where priorities evolve quickly
- Around four to five years of experience in product, credit strategy, analytics or a closely related role within consumer lending or fintech
- Experience in unsecured consumer lending, ideally Unsecured Personal Loans (UPL), with exposure to acquiring customers through price-comparison or aggregator marketplaces
- Hands-on data skills: SQL as a minimum, and ideally Python or R for analysis
- Experience working with or alongside credit decisioning, scorecards or risk models, and understanding how they are built, monitored and adjusted for a specific population
- Some experience of pricing, eligibility or offer design, and of using experiments or A/B tests to evaluate changes
- A track record of using analysis to influence decisions, not just to report on outcomes, in a role with some accountability for commercial results
- Strong written and verbal communication skills, with the ability to present clearly to senior stakeholders
Nice to have
- Direct experience in higher-APR or near-prime lending
- Experience with Open Banking data or cashflow underwriting
- Experience in a fast-growing fintech
Your team
Express / Mid-prime personal loan product
One of the company's highest-priority growth areas, unsecured personal lending in the higher-APR mid-prime space with loans typically from £2,000 to £10,000, acquired primarily through price-comparison and aggregator marketplaces.
Benefits
- Equity - everyone owns a piece of the company
- Hybrid with 3 days a week in the office
- 25 days' holiday a year, plus 8 bank holidays
- 2 paid volunteering days per year
- One month paid sabbatical after 4 years
- Employee loan
- Free gym membership
- Team wellness budget to be active together
Apply
Direct apply at Abound
Opens the job posting at Abound
About Abound
Redefining consumer lending in the UK, and beyond
Abound is a UK consumer lender using advanced AI and Open Banking data to look at the full financial picture rather than relying almost entirely on credit scores. It has issued over £1.3bn in loans directly to customers, delivers market-leading credit performance, and reached profitability 2.5 years after launch.
Mission
Using advanced AI and Open Banking data, we make fair, affordable personal finance available to more people.
Key facts
- Consumer lending / fintech
- Issued over £1.3bn in loans directly to customers
- For every 10 defaults the industry expects, Abound sees only 3
- Reached profitability just 2.5 years after launch
- Backed by £2bn+ of funding
- Recognised as one of Europe's fastest-growing fintechs (Sifted, CNBC)
Partners & customers
CitiGSR VenturesDeutsche Bank