Working with employers, we provide a financial wellbeing platform as an employee benefit, helping employees to understand their money better, get out of debt faster and save for their future. We already have a reach of circa 4,000,000 employees through our relationships with over 500 of the largest employers in the UK.By improving employee financial wellbeing, we have a very real and meaningful impact on people’s lives. We remove the stress and worry associated with financial difficulties by dramatically reducing the interest rates employees pay on their personal debt, and provide them with the tools needed to start saving sooner and be more financially secure. We are backed by some of the biggest brands, including investments from Blenheim Chalcot (the UK’s leading venture builder), Legal and General (the FTSE 100 insurer and asset manager), Experian and Goldman Sachs, and funding partnerships with JP Morgan and Blue Owl.Launched in 2015, we have made excellent progress, and are scaling fast. We have been named BITC’s Responsible Business of Year, included in KPMG’s Global Fintech 100, listed top of the Forbes' list of socially-responsible startups, and profiled by the Financial Times, the Times, the Wall Street Journal, the Guardian, the Telegraph, CityAM and the Institute of Directors.Your role in our missionAs Head of Product for Borrow, you'll own our lending products from the moment a customer starts an application to the day their loan is repaid. You'll lead two product squads: one covering everything up to the point the money is paid out, and one covering everything after it. You’ll be accountable for helping more employees borrow with us, and for making sure every loan is run accurately and fairly, with customers well supported from application to final repayment. You'll report to the Product Director.How Borrow worksWe lend to employees through their employer. Three parties are involved:Customers are employees who take out a loan with us.Employers deduct repayments from pay and give us the data we need to confirm customers are who they say they are.Salary Finance is the lender, responsible for the application, the payout and the life of the loan.Taking repayments straight from salary means much lower credit losses than other lenders, and we pass that saving on to customers as a lower rate. It also makes lending harder to run. Repayments follow payroll, so loans are repaid weekly, fortnightly, four-weekly or monthly. Customers can change payroll at any time. Employers pay us in bulk, and we reconcile each
Head of Product (Borrow) in London employer: Salary Finance Inc
Salary Finance is an exceptional employer that values innovation and collaboration, offering a dynamic work culture where your contributions directly impact client success. With a strong focus on employee growth, we provide ample opportunities for professional development and a supportive environment that encourages creativity and teamwork. Located in a vibrant area, our hybrid work model ensures flexibility while fostering a sense of community among colleagues.
