MoneyTap - Senior Product Manager - IIT/NIT/BITS/IIM/XLRI/FMS/MDI

COMPANY NAME: MoneyTap (Fintech space)

JOB TITLE: Senior Product Manager (6 to 10 yrs)

JOB LOCATION: Bangalore

EDUCATIONAL QUALIFICATION (PREFERABLE): - B. Tech; MBA from a top tier institution is preferable

What does a Senior Product Manager mean to us?

From Engineers wanting to step out of the geek-zone to freshly minted MBAs wanting to build the next Uber, everyone wants to be a product manager these days. In a fast-paced early stage startup, defining this role is even trickier as it evolves every day. So, we- ll tell you what won- t change and who we are looking for.

We are in a unique point of time in a unique industry right now. With a product that has no direct competition in a market that is humungous, run by serial entrepreneurs who are easy to work with, backed by the best investors in the world, the only people that can stop us are ourselves.

Given that we are the only real Product company in the world of Financial Services, we need to take our award winning post-product-market-fit product with terrific unit economics, to the next level. In other words, we need to scale. It will all come down to Product. That is who we are. So, our Senior Product Manager will have to be both Strategic & Tactical at the same time.

Strategic

- Define & Own the 1-mo, 3-mo & 6-mo roadmap for the Product, making sure we are continuously aligning with our 1-year & 3-year vision of the company

- Be the primary contact for interacting with the product teams of our Banking partners

- Interface with Marketing, Tech, Partners, CXOs, UX, Ops, Customer Success, Credit - pretty much everyone in the company - to decide and evolve product plans

- Own the key metrics of the company that are product driven (most metrics are)

- Deeply understand competitive offerings and incorporate best practices. Be(come) a fintech products power user

- Product & Data are two sides of the same coin for us. You cannot do this job without deep respect for Data. Thanks to an amazing data team, you- ll have ready access to every aspect of our customer and business. We expect you to critically look at data, challenge assumptions and drive decisions based on numbers.

- Make calls when data is not unavailable or points in multiple directions

- Most importantly, constantly have a 360 view of the business and make sure the rapidly evolving product is never going off the rails for long

Tactical

- Manage the product development process from conception through design, build, release, analysis and iteration

- Get into the nitty gritty. Define the features for each release at the level required - unearth blockers and knock them off

- Manage multiple partners on a day-to-day basis - will involve calls, face-to-face meetings in multiple cities

- Build consensus across stakeholders clearly articulating the product decisions and choices

- Own & Organize direct customer interaction for the company - every month, every employee must have x-hours of direct interaction with our customers

- Own & Triage all customer & partner facing escalations that are product related

Who are we looking for?

Given we are rapidly iterating a consumer-facing mobile product that is dead-simple for the user but integrating with legacy banking systems in the backend, our ideal candidate has the heart of a consumer PM with a mind of an enterprise software PM. Yes, we have a high bar. But given the senior team's depth, we are willing to work with you provided you have the basic skills and the right attitude.

Skills you must have:

- 5 to 10 years of experience in product management marketing within the technology industry

- Engineering degree with an MBA from a premier college

- Minimum of 3 years experience as a Product person in a early stage consumer startup

- Basic SQL skills (we told you we- re data driven, we expect you to self-analyze data)

- You can't be a jerk, we have zero tolerance no matter how good you are: you have to work with other people

- Passion and a strong sense of ownership, even about things that are not your directly responsibility

Really important to have:

- Background in Payments or other areas of Indian Fintech

- Strong proficiency with financial and customer experience metrics and analysis

- Excellent communication skills: verbal, written, numerate

- Be presentable. You- ll be directly interacting with senior bankers and you need to earn their trust and respect

Let's hear from you

There is plenty of a available reading about the company and its management team. We expect any serious candidate to spend an hour or two doing some homework first. If you think this is your calling, we- d love to hear from you.

To save you time thinking about what cover-email to send and save us time parsing through fluff, here's broadly what we- d like to hear:

(Pls. avoid generic answers like - I loved unleashing the engineering team's productivity by providing a clear roadmap" or "My creativity in solving business problem was deeply satisfying- )

1. In all your work years as a PM, what were the top-3 days/moments you did that you- re most kicked about? Can be vanilla things like, - I sat up all night debugging a downtime issue with the engineers and at 4am, we cracked it. We went for a drink.-

2. What in your mind should a Product Manager NOT be doing and why? Hint: There is no right answer. Many serious PMs have religion about their role; others don- t. We want to know yours, if you have any.

3. Why do you want to join a FinTech startup and why MoneyTap? We are not looking for ego-massage or playback of our vision. Just 1 paragraph with any kind of specifics, showing you- ve put some thought into it is all we are looking for.

Location, work hours, etc.

We are located at Sigma Tech Park, Varthur, Whitefield. Since this position involves actively being present in the office working with team members, candidates will find it easier to be within 30 minutes commute time from residence. Please expect to work long hours and be "always on". We work every other Saturday.

About Us

MoneyTap is India's first app-based consumer credit line:

- Using their Smartphone app and IndiaStack, consumers go through credit-qualification and a paper-less KYC process in 8 minutes.

- For 3 years, Qualified consumers, 24x7, can use the credit line instantly and flexibly; they can transfer money to a bank account, mobile wallet or a MoneyTap credit card; an EMI is chosen at the time of transfer and it can be as little as Rs.3000 or as much as Rs. 500,000 for tenures ranging from 2-months to 3 years; with no further contact with the bank.

- MoneyTap provides all the technology, digital marketing and risk models and has integrated with Banks to lend on their balance sheet. For some customer segments, MoneyTap shares the risk as well.

- The product was officially launched in September 2016 with RBL Bank & in trials with other NBFCs & Banks; It is available in 14 cities across India.

- Founders are: Kunal Varma (IIT, ISB), Anuj Kacker(ISB) & Bala Parthasarathy(IIT) (https://in.linkedin.com/in/balap0), who started a seed-fund Prime Ventures (Angelprime), closely worked with Nandan Nilekani at Aadhaar after selling the Silicon Valley startup Snapfish he co-founded to Hewlett Packard

- More details can be seen in this interview: https://www.youtube.com/watch?v=S1wCvCPTxVo

Why Join

Be a part of a stellar team. Build a world class product.

But here are 5 more reasons why you should join our tribe.

1. This is an exciting early stage startup in the FinTech space, based out of Bangalore. This space has seen significant investments. Last year the sector attracted $12Bn in venture money globally, up from $3bn the year previous. In India, with the increase in aadhaar cards, the launching of the Jan Dhan Yojana scheme to get people to open bank accounts and the penetration of mobile internet - there is a huge focus on getting the un-banked and financially under-served population within the formal financial ecosystem. 'Financial inclusion' is an important objective for the government. (Google 'JAM' by Nandan Nilekani and Raghram Rajan.)

2. The product is a mobile first product. The web will be available to only drive downloads and search. Through the app and our technology, we will sell financial products like banking solutions, insurance, loans etc to the customers. This is in line with the 'financial inclusion' vision.

3. The team that is executing this has run and exited multiple businesses in India and Silicon Valley. Currently we are a ~25 member team.

4. We have already raised significant money from top VCs. This has been largely on the strength of the idea and the team.

5. For anyone who joins at this stage, it will be a great way for them to set the product direction and get in early into a startup that is going to grow very fast.