Product Manager, Business Money – SMB Banking

Posted Yesterday
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San Francisco, CA, USA
Hybrid
152K-230K Annually
Senior level
Fintech • HR Tech
Help us grow the small business economy.
The Role
Own the development and growth of Gusto’s SMB banking product from pre-beta through scale. Lead workstreams covering onboarding, identity verification, funding, payments, cards, servicing, and platform integration. Drive acquisition, activation, experimentation, account primacy, and deposit growth while coordinating with engineering, design, data, risk, compliance, legal, operations, and external banking vendors. Apply fintech and banking expertise to create compliant, self-serve products tailored to small-business cash flow and spending needs.
Summary Generated by Built In

 

About Gusto

At Gusto, we're on a mission to grow the small business economy. We handle the hard stuff — payroll, health insurance, 401(k)s, and HR — so owners can focus on their craft and their customers. With teams in Denver, San Francisco, and New York, we support more than 500,000 small businesses nationwide and are building a workplace that reflects the people we serve.

All full-time employees receive competitive base pay, benefits, and equity (RSUs) — because everyone who helps build Gusto should share in its success. Offer amounts are determined by role, level, and location. Learn more about our Total Rewards philosophy.

AI is a fundamental part of how work gets done at Gusto. We expect all team members to actively engage with AI tools relevant to their role and grow their fluency as the technology evolves. AI experience requirements vary by role and will be assessed during the interview process.

By the Numbers:

  • Named #1 best software for small business of 2024 by G2
  • 2,700+ employees in the United States, Canada, Mexico, and Turkiye and growing
  • Over $500M in annual revenue
  • The SMB market is large (and growing!) with huge opportunities for Gusto to make an incredible impact for SMBs
  • There are 6.2M employers in the US, 98% have fewer than 100 employee
  • 550,000 new businesses are created each year in the US

What Product Management is like at Gusto:

  • Our Product team is lean, which means you'll have a high degree of impact and ownership. We believe in smaller, empowered teams that move quickly with less overhead. You'll move fast by pairing sharp product judgment with fluency in AI tools — automating what slows teams down and amplifying what makes them creative and high-performing.
  • We're boundaryless builders. Lines between roles are intentionally blurred, and our PMs do whatever it takes to deliver outcomes. You'll prototype, automate, design, and ship — using AI as your co-builder to turn problems into durable solutions that deliver customer value with urgency and care.
  • We're here to serve small and medium businesses. Gusto has a strong mission-driven culture, and we care deeply about lifting up these business owners — building technology for an AI-first world that gives them the superpowers to run and grow their businesses with confidence.
  • We're comfortable with change. Our environment moves fast, and PMs here thrive in ambiguity — blending curiosity, experimentation, and AI-native craft to shape how products (and work itself) are built at Gusto.

About the Team:

Gusto's Business Money team is building the financial operating system for small businesses. SMB Banking is the foundation of that platform: business checking accounts that sit at the center of how owners run payroll, pay bills, manage cash, control employee spend, and, eventually, access capital. Because Gusto runs payroll, we can offer banking that understands a business's largest recurring outflow from day one, while we can also meet businesses at the moment of formation, before they ever reach the payroll stage.

This is a ground-floor role. The product is early, moving toward its first beta, and this PM will help take it from initial launch through scale.

Here’s what you’ll do day-to-day:

  • Own and deliver core workstreams spanning small business banking - application and identity verification, account linking, funding, payments, cards, ongoing servicing, and exposing these products/capabilities on surfaces a customer wishes to engage. 
  • Own growth and adoption end to end from acquisition through funded, active account, and then run continuous experimentation across the funnel.
  • Take responsibility for the business outcomes of your workstream as a true owner. 
  • Be the fintech infrastructure and payments expert that reliably untangles complexity and ships durable systems.
  • Use Gusto's unique payroll ecosystem to build banking features unique to our positon in the ecosystem
  • Define how banking connects to the rest of the Gusto platform, making the account the default funding source for how a business operates.
  • Design for self-serve by anticipating where customers get stuck and resolving it in-product rather than in the support queue.
  • Ensure tight, daily coordination with cross-functional teams spanning Product, Engineering, Design, Data, Risk, Compliance, Legal, and Ops to ship resilient, compliant, and delightful products.
  • Partner with external vendors (e.g., partner banks, banking infrastructure providers, card processors) to deliver reliable, integrated experiences.
  • Deeply understand our customers, particularly how cash flow uncertainty and team spending dynamics impact small business owners, and use that empathy to craft effective product narratives.
  • Measure what matters — define and own KPIs around account opening, funding, deposit growth, and primacy, and use data to drive prioritization, learning, and iteration

Here’s what we're looking for:

  • Has a bias toward action, comfort with ambiguity, and a strong sense of ownership.
  • Has 7+ years of product management experience in fintech, banking, or adjacent industries.
  • Brings hands-on familiarity with business banking, BaaS platforms, deposit products, or money movement rails — bonus for experience with KYB/onboarding flows, ledgering, or partner bank relationships.
  • Thrives in 0→1 environments and knows how to take a product from pre-beta to launch with limited resources.
  • Has run a real experimentation practice — hypothesis, test design, readout, decision — and knows how to learn from directional signal when a new product doesn't yet have the volume for statistical significance.
  • Understands the regulatory and operational complexity of banking products and can partner effectively with Risk, Legal, and Compliance teams.
  • Cares deeply about small businesses and wants to build the account they trust with their money.

Our cash compensation amount for this role is $152,000/yr to $190,000/yr in Denver, and $184,000/yr to $230,000/yr for San Francisco & New York. Final offer amounts are determined by multiple factors including candidate location, experience and expertise and may vary from the amounts listed above.

Gusto has physical office spaces in Denver, San Francisco, and New York City. Employees who are based in those locations will be expected to work from the office on designated days approximately 2-3 days per week (or more depending on role). The same office expectations apply to all Symmetry roles, Gusto's subsidiary, whose physical office is in Scottsdale.

Note: The San Francisco office expectations encompass both the San Francisco and San Jose metro areas. 

When approved to work from a location other than a Gusto office, a secure, reliable, and consistent internet connection is required. This includes non-office days for hybrid employees.

Our customers come from all walks of life and so do we. We hire great people from a wide variety of backgrounds, not just because it's the right thing to do, but because it makes our company stronger. If you share our values and our enthusiasm for small businesses, you will find a home at Gusto. 

Gusto is proud to be an equal opportunity employer. We do not discriminate in hiring or any employment decision based on race, color, religion, national origin, age, sex (including pregnancy, childbirth, or related medical conditions), marital status, ancestry, physical or mental disability, genetic information, veteran status, gender identity or expression, sexual orientation, or other applicable legally protected characteristic. Gusto considers qualified applicants with criminal histories, consistent with applicable federal, state and local law. Gusto is also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. We want to see our candidates perform to the best of their ability. If you require a medical or religious accommodation at any time throughout your candidate journey, please fill out this form and a member of our team will get in touch with you.

Gusto takes security and protection of your personal information very seriously. Please review our Fraudulent Activity Disclaimer.

Personal information collected and processed as part of your Gusto application will be subject to Gusto's Applicant Privacy Notice.

Skills Required

  • 7+ years of product management experience in fintech, banking, or adjacent industries
  • Hands-on familiarity with business banking, BaaS platforms, deposit products, or money movement rails
  • Experience with KYB or onboarding flows, ledgering, or partner bank relationships
  • Experience taking products from pre-beta through launch in a 0-to-1 environment
  • Experience running product experimentation, including hypothesis development, test design, readouts, and decisions
  • Understanding of banking regulatory and operational complexity
  • Ability to partner effectively with Risk, Legal, and Compliance teams
  • Bias toward action, comfort with ambiguity, and strong ownership
  • Deep interest in and understanding of small-business customers

What the Team is Saying

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Gusto Compensation & Benefits Highlights

  • Healthcare Strength — Health coverage is described as robust and inclusive, with multiple plan choices, relatively low employee premiums for some plans, and offerings like mental-health support and gender‑affirming care. Coverage extends to dependents and is consistently portrayed as a strong part of the package.
  • Leave & Time Off Breadth — Time away includes paid vacation, sick leave, holidays, bereavement, various paid leaves, and sabbaticals, with some roles using flexible or unlimited PTO. Usage of multiple weeks off annually is described for certain teams, reinforcing the breadth in practice.
  • Parental & Family Support — Family-forming benefits such as fertility support and adoption assistance, alongside robust parental leave, are highlighted. Inclusive care elements and supportive resources around family needs are emphasized as part of the core offering.

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The Company
Denver, CO
4,405 Employees
Year Founded: 2012

What We Do

Gusto is a modern, online small business platform that helps small businesses take care of their teams. On top of full-service payroll, Gusto offers health insurance, 401(k)s, expert HR, and team management tools. Today, Gusto offices in Denver, San Francisco, and New York serve more than 400,000 businesses. Our customers come from all walks of life, and so do we. We hire great people from a wide variety of backgrounds, not just because it's the right thing to do, but because it makes our company stronger. If you share our values and our enthusiasm for small businesses, you will find a home at Gusto.

Why Work With Us

We help small businesses—the backbone of the economy—thrive. Everything we do ladders up to empowering entrepreneurs and supporting their teams. Gusto empowers builders at every level to take initiative and make things better. You'll be solving meaningful challenges that shape the future of work.

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Gusto Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

We’ve built an inclusive, connected culture—no matter where you live. Whether near an office or remote, you’ll find opportunities to connect, grow, and belong. Employees work from the office on 2 designated days per week.

Typical time on-site: 2 days a week
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Denver, CO
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New York, NY
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San Francisco, CA
Scottsdale, AZ
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