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Product Operations Specialist, Servicing

About Us:

At Parafin, our mission is to grow small businesses.

Small businesses are the backbone of our economy, yet banks do not have their back. Parafin is a technology company that builds infrastructure which enables small businesses to get easy access to financial services via platforms they sell on. Parafin's first set of products offer capital-as-a-service for online platforms. Parafin currently powers the capital programs for platforms and payment processors ranging from Series B to post-IPO companies such as DoorDash, Amazon, Worldpay, Mindbody, Fullsteam, Guesty, Xplor, and Quilt.

We are a tight-knit team coming from organizations such as Stripe, Square, Plaid, Coinbase, Robinhood, Affirm, Uber, and CERN, and are excited both about helping small businesses grow and thrive, and build products that leaders at top companies have started to use every day to grow their platforms. We are backed by prominent venture capitalists such as Ribbit Capital, Thrive Capital, GIC, Index Ventures, Green Oaks Capital, and SV Angel and have raised more than $94M in equity and $200M in debt.

About the Position

We are looking for a Servicing Specialist to support our merchants each day. This role will be a critical operator of the company's products suite by providing a positive payment experience for the small businesses we support. You will be responsible for running and building best in class processes for payments, fraud, and servicing, and work directly with our Servicing Ops Lead to solve problems for hundreds-of-thousands of merchants. You will always have a seat at the table, given a platform to share your thoughts and suggestions for improvement! 

Are you a customer-obsessed operational problem solver excited to work at a fast growing startup to help grow small businesses? If so, come join us!

What You’ll Be Doing:

  • Investigate and resolve issues in the areas of processing payments, creating alternative payment plans, errors handling and other related tasks to ensure full payment collections.

  • Provide quality service to small business owners via email, SMS, and phone with focus on debugging and resolving payment issues.

  • De-escalate scenarios and present resolutions for tough to navigate situations.

  • Identify and track payment issues to ensure transparency and decrease missing payments over time.

  • Provide necessary documentation, details, and evidence in a timely manner to ensure all payment issues are addressed.

  • Work with the Customer Support and Funding teams to build feedback loops and processes in servicing customers. 

  • Work directly with management and product ops managers for ongoing improvements of the merchant experience including but not limited to: systems, process, and product level improvements.

  • Work in a startup environment with the goal to strive for improvement with both the quality and method of the interaction with merchants.

  • Review current processes and provide feedback on how to improve the function, question status quo as well as call out inefficiencies to address. 

  • Support other product functions with your specialties as needed.

What We’re Searching For:

  • Strong understanding of payments

  • Experience with loan servicing

  • Excellent communication skills

  • Thrive in an entrepreneurial environment

  • Data driven approach to monitoring and optimizing recovery rates

  • Desire to have an impact, grow your career and be a game changer in the space for Parafin

We Prefer If You Have:

  • Experience working in a fintech startup.

  • Experience building a team and processes from the ground up

  • Fluency in (or desire to learn) data analysis skills and tools, such as SQL / R / Python

What We Offer

  • Salary Range: $85k - $100k

  • Equity grant

  • Medical, dental & vision insurance

  • Unlimited PTO & work from home flexibility

  • Commuter benefits

  • Free lunches

  • Paid parental leave

  • 401(k)

  • Employee assistance program

If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please contact us.

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CEO of Parafin
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Sahill Poddar
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What You Should Know About Product Operations Specialist, Servicing, Parafin

At Parafin, we're on a mission to empower small businesses, and we're seeking a passionate Product Operations Specialist to join our dynamic team in San Francisco. As a vital part of our organization, you'll play a significant role in ensuring that our merchants enjoy a seamless payment experience. You'll take charge of critical processes related to payments, servicing, and fraud prevention, all while working closely with our Servicing Ops Lead to tackle challenges faced by countless small business owners. If you're someone who thrives in a fast-paced startup environment, loves problem-solving, and is dedicated to helping others, this is the perfect opportunity for you! Your responsibilities will include investigating payment issues, creating alternative payment plans, and addressing customer inquiries through various communication channels. You won’t just be providing solutions; you'll also have the chance to suggest process improvements that could significantly enhance merchant experience. At Parafin, we value your input and encourage you to question the status quo. If you’re excited about making a difference and helping local businesses succeed, we’d love for you to be a part of our innovative team!

Frequently Asked Questions (FAQs) for Product Operations Specialist, Servicing Role at Parafin
What are the key responsibilities of a Product Operations Specialist at Parafin?

As a Product Operations Specialist at Parafin, you'll be responsible for maintaining and improving our payment processing systems, handling payment issues, and ensuring a superb merchant experience. Your role will involve engaging with small business owners, streamlining operations, and working closely with product management to implement effective changes.

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What qualifications should I have to apply for the Product Operations Specialist position at Parafin?

To apply for the Product Operations Specialist role at Parafin, candidates should ideally possess a strong understanding of payments and experience in loan servicing. Excellent communication skills and the ability to thrive in a startup environment are a must. Proficiency in data analysis tools would also be beneficial.

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How does Parafin support small businesses through the Product Operations Specialist role?

The Product Operations Specialist at Parafin plays a crucial role in ensuring that small businesses have a positive payment experience. By resolving payment issues, providing customer support, and improving operational processes, you'll help empower small businesses to access essential financial services more effectively.

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What is the work culture like at Parafin for a Product Operations Specialist?

At Parafin, the work culture is dynamic, entrepreneurial, and centered around collaboration. As a Product Operations Specialist, you'll be part of a tight-knit team where your voice matters. We encourage open communication, innovation, and a data-driven approach to achieve our goals.

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What are the growth opportunities for a Product Operations Specialist at Parafin?

Parafin is committed to employee growth, and as a Product Operations Specialist, you'll have numerous opportunities to expand your skillset and advance your career. You’ll have the chance to take on new responsibilities, work on cross-functional projects, and contribute to strategic improvements.

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What kind of training or onboarding can be expected for a Product Operations Specialist at Parafin?

New hires for the Product Operations Specialist role at Parafin can expect a comprehensive onboarding process. You'll receive training on our products, systems, and best practices for customer interaction, ensuring you're well-equipped to make an impact from day one.

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Is remote work an option for the Product Operations Specialist position at Parafin?

Yes! Parafin offers flexibility with remote work for the Product Operations Specialist position. We understand the importance of work-life balance and provide options that cater to the needs of our employees.

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Common Interview Questions for Product Operations Specialist, Servicing
Can you describe your experience with payment processing systems?

In your answer, discuss specific payment processing systems you’ve worked with, highlighting your role in optimizing their functionality. Be sure to mention any relevant experiences that involve troubleshooting issues or enhancing the payment experience.

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How do you prioritize tasks when dealing with multiple payment issues simultaneously?

Share your strategy for prioritizing tasks, such as assessing urgency and impact on the business. Mention any tools or methods you use to organize your workload efficiently.

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What steps would you take to de-escalate a situation with a frustrated merchant?

Outline your approach to listening actively and empathizing with the merchant's concerns. Emphasize the importance of providing solutions that assure the customer while addressing their issues promptly.

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How would you suggest improving the payment experience for small businesses?

In your response, propose a specific improvement based on your understanding of the current processes. Discuss how this change could enhance user satisfaction and operational efficiency.

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Can you discuss a successful project where you identified and resolved a payment-related issue?

Provide an example of a previous project where you took the lead in identifying payment issues, the methods you used to resolve them, and the results of your intervention.

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What role does data analysis play in enhancing payment recovery rates?

Explain your understanding of how data analysis can help identify problem areas and track recovery rates. Mention any tools you are familiar with, such as SQL or Python, that can enhance data-driven decision-making.

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How do you keep yourself updated on industry trends and changes in payment processing?

Discuss your strategies for staying informed, such as following industry publications, attending webinars, or joining relevant professional networks. Highlight how this knowledge could benefit your role at Parafin.

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Tell us about a time you worked collaboratively with customer support teams to resolve an issue.

Provide an example of working with cross-functional teams. Highlight your communication skills and how collaborative efforts led to a successful resolution of a customer issue.

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How do you handle feedback about the processes you manage?

Focus on your openness to receiving feedback and using it constructively to drive process improvements. Share an instance where feedback led to the enhancement of a procedure in your previous roles.

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Why do you want to work as a Product Operations Specialist at Parafin?

Express your passion for supporting small businesses and your admiration for Parafin’s mission. Highlight your alignment with the company’s values and your eagerness to contribute towards their goals in the fintech industry.

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We grow small businesses.

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Full-time, on-site
DATE POSTED
November 26, 2024

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