Digital Lending Innovator: Fast, Low-Doc Personal Loans

Lending Club; San Francisco (CA); Hybrid; USD 180,000 - 240,000; Full time

Benefits offered by this job

Hybrid work model

Health and safety protocols

Generous paid time off

Job summary

Lending Club is hiring a Financial Innovation Manager for Consumer Lending, shaping the next generation of digitally originated lending products. You will design, test, and refine products from concept to market, driving PDLC from strategy to a member-focused pilot in the small-dollar range.

You will partner with Credit and Risk to combine data signals into a low-friction credit decision, design decisioning paths, and test new variants and promotions to grow demand from members.

Qualifications

• Direct experience in small business lending, especially owner-operated borrowers.
• Experience bringing digital lending products to market and online origination.
• Strong credit, fraud, and compliance judgment; independent execution.
• 3+ years in consumer or small business lending; bachelor’s degree or higher or equivalent.
• Familiarity with fair lending, TILA, ECOA and data privacy requirements.
• Hands-on cash-flow underwriting using bank data; SQL/Excel skills.
• Interest in AI to speed up research, analysis, and drafting.
• Experience owning pricing or growth targets for a lending product.

Responsibilities

• Shape the next generation of lending products from concept to market, focusing on digital origination and small-dollar opportunities.
• Design fast, low-doc origination experiences to improve application-to-funding conversion.
• Partner with Credit and Risk to integrate cash-flow data, credit signals, and fraud controls into decisioning.
• Create fit-for-purpose decisioning paths for diverse borrower segments and pilot in controlled settings.
• Test new personal loan variants and promotions to meet customer needs and drive demand.
• Define metrics and run experiments to optimize approval, conversion, funding speed, and unit economics.
• Develop business cases, pricing, and product economics; set pilot gates before scaling; monitor portfolio early performance.
• Diligence on vendors/platforms and coordinate across Product, Engineering, Legal, Compliance, Operations, and Finance; leverage AI while maintaining fair lending and governance.

Skills

Small business lending

Product lifecycle

Credit risk

AI in research

SQL

Excel

Fraud compliance

Open banking

Data-driven decisions

Digital lending

Pilot testing

Pricing growth

Education

Bachelor’s degree or higher

Tools

LOS

Fraud platforms

Job description

• As the Financial Innovation Manager for Consumer Lending, you will help shape the next generation of our lending products
• Your focus will be developing new, digitally originated lending products and variants, from personal loan innovation to other emerging opportunities, that grow demand from new and existing members. You will design, test, and refine these products from early concept to market
• Drive new lending products through the product development lifecycle (PDLC), from strategy and business case to a member-first pilot in the small-dollar range
• Design a fast, low-doc digital origination experience from application to funding, and improve the conversion and pull-through that turns eligible members into funded loans
• Partner with Credit and Risk to combine permissioned cash-flow data, credit, identity, and fraud signals into a low-friction, low-doc credit decision
• Design fit-for-purpose decisioning paths for new or underserved segments, with the right identity, verification, and approval waterfall
• Design and test new personal loan variants and promotions that meet broader customer needs and grow demand from new and existing members
• Define the metrics that matter, from approval and conversion to funding speed, losses, member experience, and unit economics, and use experimentation against a control to decide what scales
• Develop the business case, pricing, and product economics, set the pilot gates that must clear before scaling, and monitor early portfolio performance
• Run diligence on the vendor and platform stack and coordinate delivery across Product, Engineering, Legal, Compliance, Operations, and Finance, using AI to speed up research, analysis, and drafting while keeping fair lending, compliance, and human judgment central to lending decisions

Benefits

• Untracked vacation for salaried employees, which means take it when you need it, and generous paid time off for hourly team members
• A hybrid work model that balances in-office and work from home
• Leading health and safety protocols related to COVID, including complimentary at-home testing kits from Cue Health for those coming to the office
• Up to 16 weeks paid leave for new parents, plus a fully paid, phased return-to-work policy for qualified leaves
• Mothers Rooms and hospital-grade pumps in every LC office
• Generous and varied mental health benefits
• Wellness program with cash incentives — earn up to $75 per month for being active
• Paid volunteer time and donation matching
• Onsite gym, locker room, bike room, and fitness classes (depending on location)
• Café with our own in-house barista
• Stocked pantries with healthy snacks and drinks
• Technology-forward and collaborative office spaces

Direct experience in small business lending, especially with owner-operated and sole-proprietor borrowersComfortable running a product across its full lifecycle, from customer insight and business case to experimentation, measurement against a control, and a clear go or no-goYou execute independently on scoped work, use sound judgment on credit, fraud, and compliance tradeoffs, and communicate clearly with stakeholdersA track record of bringing digital, direct-to-consumer lending products to market and growing them, ideally installment or term loans originated fully onlineFamiliarity with loan origination systems (LOS), open-banking and bank-data providers, and fraud, decisioning, or servicing platforms3+ years of experience in consumer or small business lending, fintech, or financial services product and strategy, plus a bachelor’s degree or higher, or equivalent combination of education and experienceWorking knowledge of the rules that shape lending, including fair lending, TILA, ECOA, and consumer-protection and data-privacy requirementsHands-on with cash-flow underwriting from bank transaction data, a solid grasp of credit risk fundamentals, and comfort turning data into decisions with tools like SQL and ExcelYou actively look for ways AI can speed up research, analysis, and drafting, and you understand how AI and ML models interact with credit decisions, including their limits, staying skeptical of outputs you can’t explainExperience bringing a new lending product from concept to pilotExperience improving a digital origination funnel and application-to-funding conversionExperience developing or scaling a digital small business or embedded lending productExperience owning pricing or growth targets for a lending productExperience at a fintech or digital-first lender that ships fast without giving up credit rigor