Product Manager: Finfra

Thatch • Austin, TX

2d

About The Position

Thatch is hiring a Product Manager for its Financial Infrastructure (Finfra) team, which builds systems that hold, move, and account for money across the company, including employer funding, insurance premiums, member reimbursements, and card transactions. The Product Manager will shape the financial systems powering Thatch’s growth, own ledger, money movement, and banking strategy, improve the economics of fund flows, and build a foundation for new financial products. The role involves close collaboration with Engineering, Finance, and Compliance on complex systems where reliability and accuracy are essential.

Thatch helps employers provide employees with health budgets to choose coverage and care that fit their needs, while enabling employers to manage predictable costs. The company values people who solve complex problems, exercise good judgment, take ownership, and are comfortable working through ambiguity.

The estimated compensation range is $160,000–$210,000 USD. The hiring process typically takes up to three weeks and includes a recruiter conversation, a hiring manager conversation with a product review, conversations with product, engineering, design, and cross-functional teammates, and a final conversation with executive leadership.

Requirements

• At least 5 years of product management experience building payments, banking, or financial infrastructure products.
• Deep understanding of financial systems, including money movement, ledgers, reconciliation, or banking infrastructure.
• Strong technical fluency and experience working closely with engineers on APIs, data models, and system design.
• Experience building in regulated environments where reliability, accuracy, and compliance are critical.
• Strong product judgment and financial instincts, including understanding the business impact of technical decisions and navigating trade-offs.
• Track record of owning complex products end-to-end, bringing clarity to ambiguity, and delivering meaningful results.

Nice To Haves

• Experience building double-entry ledgers, reconciliation systems, or other core financial infrastructure.
• Experience with FBO or omnibus accounts, sponsor banks, or banking-as-a-service platforms.
• Experience launching card issuing, credit, or lending products.
• Experience improving treasury operations, float management, or payment economics.
• Experience navigating complex integrations with banking and financial technology partners.

Responsibilities

• Own the strategy and roadmap for Thatch’s financial infrastructure, balancing reliability, unit economics, and new product opportunities.
• Build and evolve a unified ledger as a trusted system of record for reconciliation, reporting, and treasury operations.
• Improve the reliability and scalability of money movement, including premium payments, reimbursements, card transactions, and banking integrations.
• Improve the economics of holding and moving funds, including treasury management, yield, and transaction costs.
• Evaluate opportunities in card issuing, credit, and other financial products, deciding whether to build or partner.
• Partner with Engineering, Finance, Operations, Legal, and Compliance to design scalable, auditable systems that meet regulatory requirements.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed