Head of Product - Business Lending

Mercury
San Francisco, New York, Canada, United States
Workplace: HybridFull timeUSD 289,700 - 362,100 annuallyFunction: Banking, Lending & CreditExperience: 10+ yearsSkills: ["Leadership","Cross-functional leadership","Data-driven approach","Commercial judgment","Sound judgment"]

Own Mercury’s business lending product strategy and P&L end-to-end, setting multi-year direction for segments and originations. Lead and scale a lending product organization, taking products from 0-1 to growth for term loans and lines of credit while building an experimentation loop. Partner with credit, underwriting, risk, finance, and capital markets to shape credit policy, underwriting models, capital structure, and delivery across the lending ecosystem to improve approval, repayment, and loss outcomes.

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Mercury
Mercury
2 months ago

Head of Product - Business Lending

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Job Summary

Own Mercury’s business lending product strategy and P&L end-to-end, setting multi-year direction for segments and originations. Lead and scale a lending product organization, taking products from 0-1 to growth for term loans and lines of credit while building an experimentation loop. Partner with credit, underwriting, risk, finance, and capital markets to shape credit policy, underwriting models, capital structure, and delivery across the lending ecosystem to improve approval, repayment, and loss outcomes.
Location: San Francisco, New York, Canada, United States
Workplace: Hybrid
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Sr. Director level

Key Responsibilities

  • •Own business lending P&L and set multi-year strategy for products, segments served, and growth against economic and credit targets.
  • •Build and scale the lending product organization by recruiting, developing, and leading a high-performing PM team and establishing operating cadence/culture.
  • •Launch and grow lending products (term loans and lines of credit) from 0-1 to scale, including building an experimentation loop post-launch.
  • •Partner with credit, underwriting, and risk to shape credit policy, underwriting models, and eligibility.
  • •Align the lending ecosystem across product, engineering, underwriting, risk, credit operations, data, compliance, legal, marketing, sales, support, and external partners to deliver business outcomes.

Pay and Benefits

Salary: USD 289,700 - 362,100 annually
Equity and Bonus:Equity

Key Requirements

  • •10+ years in lending or credit products, including significant experience in SMB, commercial, or business lending, and building/running teams.
  • •5+ years leading and managing teams of product managers, including hiring, coaching, organizational design, and performance management.
  • •Deep command of the full lending lifecycle: eligibility, application, underwriting/decisioning, funding, servicing, repayment, and collections.
  • •Experience owning a lending P&L and its levers: pricing, credit policy, capital structure, loss performance, and unit economics.
  • •Experience launching and scaling 0-1 lending or credit products, ideally in fintech or a high-growth environment.
Experience:10+ yearsFintechLendingCredit productsBusiness lendingSMBCommercial lending
Skills:LeadershipCross-functional leadershipData-driven approachCommercial judgmentSound judgment
Languages:English

Company Brief

Mercury
Provides banking and financial infrastructure for startups and small businesses, offering business checking accounts, payments, debit cards, venture debt integrations, and treasury services via a developer-friendly platform.
Industry: Fintech Infrastructure
Company Size: Large (251 to 1,000 employees)
Growth: Scaleup
Valuation: Unicorn (USD 1B+)
Funding: Series C
Headquarters: San Francisco, United States
Founded: 2017
WebsiteLinkedIn