Senior Product Manager — Lending (Clasp Finance)

Clasp

1d•Remote

About The Position

Clasp is seeking a Senior Product Manager to lead product experiences for its student lending business, Clasp Finance, during a period of significant growth. Clasp Finance provides a platform for colleges and universities to establish and manage their own private student loan programs, offering institutional financial aid when federal aid is insufficient. The role involves owning the product strategy and roadmap for Clasp Finance, encompassing the loan origination system, credit models, and loan servicing oversight tools. The existing platform has gained traction and is driving growth, and the goal is to enhance its features, scale its infrastructure, and develop it into an enterprise-grade system to support Clasp Finance's expansion. The position reports to the Director of Product and works closely with the General Manager of Clasp Finance.

Requirements

5+ years in product management, with significant experience in lending, credit, or loan origination products.
Shipped products in regulated domains.
Direct experience with origination flows, underwriting, decisioning, identity verification, disclosures, e-sign, and funding.
Experience taking a lending product from early-stage to enterprise grade, or working at a lender that underwent this transition.
Experience partnering closely with legal and compliance teams on consumer credit products, understanding state-by-state licensing variation, fair lending considerations, and designing compliant products.
Proficiency with credit bureau data, decisioning logic, vintage analysis, and portfolio performance metrics.
Demonstrated ability to align engineering, compliance, sales, and operations partners around a shared roadmap and drive cross-functional execution.
Experience selling to or building for institutional customers, or a strong understanding of the differences from pure consumer product work.
Strong verbal and written communication skills, with the ability to explain complex ideas to technical and non-technical stakeholders.
Ability to leverage qualitative and quantitative data to inform product decisions and make confident calls under uncertainty.

Nice To Haves

Student lending experience.
Consumer lending experience across personal loans, auto, mortgage, or BNPL with underwriting.

Responsibilities

Set and drive the product strategy for Clasp Finance, collaborating with engineering, sales, lending operations, credit, and compliance to deliver a platform meeting the needs of school customers and borrowers.
Be accountable for both the borrower-facing application experience and the school-facing administrative tooling and reporting.
Define reliability and scalability requirements in partnership with engineering, and prioritize technical investments based on customer and business needs.
Engage with financial aid offices, bursars, treasury teams, and IT leaders at colleges and universities to understand their loan program operational needs and translate them into product requirements.
Design borrower-facing application flows, underwriting decisioning experiences, disclosures, co-signer flows, identity verification, and funding/disbursement processes.
Define monitoring, reconciliation, and reporting tools for loan servicing oversight to provide clear visibility into portfolio performance, borrower outcomes, and servicer SLAs.
Collaborate closely with legal and compliance teams on regulatory requirements such as TILA, ECOA, state licensing, adverse action handling, and fair lending.
Design dashboards, exports, and ad hoc reporting for school CFOs, financial aid leaders, and boards to track loan program performance metrics.