Senior Product Manager, Lending

Toast; United States; Hybrid; USD 138,000 - 254,000; Full time

Benefits offered by this job

Hybrid work model

Equity

Competitive benefits

Job summary

Toast, a leader in restaurant technology, is seeking a Senior Product Manager to drive Lending initiatives within the Embedded Finance team. You will own the Lending product roadmap for Toast Capital and Easy Pay, partnering with Credit, Legal, Data Science, Marketing, and other teams to deliver innovative financial products for restaurants.

You will engage directly with restaurant customers to gather feedback, write clear user stories, and shape product strategy.

Qualifications

• 5+ years of product management experience driving strategy and impact for B2B products.
• Passion for fintech innovation and transforming hospitality industry payments.
• Experience from inception to post-launch measurable success.
• Strong execution with speed and quality.
• Ability to design innovative financial products and data-driven insights.
• Excellent written and verbal communication for diverse stakeholders.
• High emotional intelligence to collaborate with engineering and design.

Responsibilities

• Own the product roadmap for Toast Capital, Toast’s flagship lending product.
• Collaborate with Credit, Capital Markets, Legal & Compliance, Data Science, Marketing, Operations, Payments, and Finance.
• Write business cases, define requirements, and measure success of launches.
• Create and maintain user stories, workflows, and wireframes with Engineering and Design.
• Manage backlog and guide agile ceremonies for an established team.
• Communicate roadmaps and tradeoffs to technical and business stakeholders.

Skills

Product management

Financial services

Cross-functional collaboration

SQL

Tools

None

Job description

Toast creates technology to help restaurants and local businesses succeed in a digital world, helping business owners operate, increase sales, engage customers, and keep employees happy.

The Fintech team is responsible for a diverse range of products and workstreams, all with the united goal of helping restaurants make dealing with money easier. From quickly and seamlessly taking guest payments to extending credit via our lending products, the Fintech product team tackles some of the biggest and most impactful initiatives within Toast.

We are looking for a Senior Product Manager to lead Toast’s Lending efforts as part of our Embedded Finance team. You will be responsible for identifying, prioritizing and building innovative financial products & features that help restaurant owners access the funding they need to start, run or grow their business. The initiatives you spearhead will expand and strengthen our suite of lending products like Toast Capital and Easy Pay, growing our reach and impact.

A Day In The Life (Responsibilities)

In this role, you will interface with our restaurant customers directly to get feedback on product opportunities in order to inspire and inform how Toast continues to iterate and deliver more value. You will own the Lending product roadmap and collaborate with various teams across Toast, most notably Credit, Capital Markets, Legal & Compliance, Data Science/ AI, Marketing, Operations, Payments, Finance. You will also engage external bank partners, funding partners and various vendors.

• Own the product roadmap for Toast Capital (Toast’s flagship lending product).


• Work closely with cross functional teams and various product domains across Toast to support ideation, design, development, launch and support of new and existing products.


• Create & present business cases and business models for new product investments, and measure/quantify success of product launches.


• Write technical and non-technical user stories, define requirements, workflows, and wireframes in collaboration with Engineering, Design, Data Science and other teams.


• Manage the backlog of an established engineering team, define roadmap requirements, and facilitate agile ceremonies.


• Communicate and collaborate with technical counterparts, and business-oriented stakeholders, to consistently set and meet expectations.

What You'll Need To Thrive (Requirements)

• 5+ years of product management experience, with a track record of driving strategy, execution, and impact for B2B products


• A passion for innovating in financial services and desire to transform the restaurant & hospitality industry


• Experience managing products from their early inception to measurable post-launch success.


• A track record of strong execution, delivering speed and quality.


• Versatile skillet - you’re able to design innovative financial products, experiment to deliver top notch personalized user experiences, drive consistent risk model improvements, build efficient risk and operations tooling, and develop a scalable platform.


• Strong written & verbal communication skills, with an emphasis on communicating roadmaps, tradeoffs and technical solutions to a variety of stakeholders.


• High EQ and is skilled at building and maintaining relationships with engineering & design teams.


• Strong ability to turn data into actionable insights and customer outcomes


• Proven ability to influence across teams and drive alignment in ambiguous, high-impact spaces


• Comfortable with data analysis tools like SQL.

Bonus ingredients*

• First-hand experience with lending.


• Experience working fast-growing teams & hyper-growth companies.


• Experience delivering products powered by machine learning models.


• Experience incorporating legal & regulatory oversight into consumer or business products.

AI at Toast

At Toast, one of our company values is that we're hungry to build and learn. We believe learning new AI tools empowers us to build for our customers faster, more independently, and with higher quality. We provide these tools across all disciplines, from Engineering and Product to Sales and Support, and are inspired by how our Toasters are already driving real value with them. The people who thrive here are those who embrace changes that let us build more for our customers; it’s a core part of our culture.

Our Total Rewards Philosophy

We strive to provide competitive compensation and benefits programs that help to attract, retain, and motivate the best and brightest people in our industry. Our total rewards package goes beyond great earnings potential and provides the means to a healthy lifestyle with the flexibility to meet Toasters’ changing needs. Learn more about our benefits at https://careers.toasttab.com/toast-benefits.

The base salary range for this role is listed below. The starting salary will be determined based on skills, experience, and geographic location. In addition to base salary, our total rewards components include cash compensation (overtime, bonus/commissions if eligible), equity, and benefits. You can learn more about how we align pay with local labor markets in our Geographic Pay Zone Philosophy.

Zone A

$159,000 - $254,000 USD

Zone B

$138,000 - $221,000 USD

Zone C

$125,000 - $200,000 USD

How Toast Uses AI In Its Hiring Process

Throughout the hiring process, our goal is to get to know you. We use AI tools to support our recruiters and interviewers with tasks like note-taking, summarization, and documentation of interviews to ensure they can be fully focused on your conversation. All hiring decisions are made by people. We ask that you complete interviews and assessments on your own, without real-time AI tools, recording, or transcription bots, unless we tell you otherwise in advance. To learn more: https://careers.toasttab.com/ai-in-hiring

Our Approach to Hybrid Working

We embrace a hybrid work model that fosters in-person collaboration while valuing individual needs. Our goal is to build a strong culture of connection as we work together to empower the hospitality community, regardless of location. Please visit the Locations page on our career site to learn more about our in-office expectations by region: https://careers.toasttab.com/locations-toast

People Are the Secret Ingredient in Our Recipe for Success

At Toast, our employees are our secret ingredient—when they thrive, we thrive. The restaurant industry brings together people with a wide range of backgrounds, experiences, and perspectives, and we value that same breadth at Toast. We strive to build a culture grounded in authenticity, respect, and humility, where every Toaster has a real opportunity to grow, contribute, and do their best work—raising the bar in delivering exceptional experiences for our customers and each other.

Toast is committed to creating an accessible and inclusive hiring process. As part of this commitment, we strive to provide reasonable accommodations for persons with disabilities to enable them to access the hiring process. If you need an accommodation to access the job application or interview process, please contact [e-mail].

For roles in the United States, it is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.