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Head of Product - Business Lending

Mercury· Product
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Hybrid (San Francisco, CA), Hybrid (New York, NY), Hybrid (Portland, OR), Remote$289.7k - $362.1k + equity + bonusFull-timePosted 3mo ago

About the role

Head of Product to own Mercury's lending business end-to-end: defining product strategy, leading a team of product managers and lending specialists, driving growth, and owning business performance and P&L outcomes for the business lending area.

Responsibilities

  • Own the business lending P&L and strategy: Set the multi-year strategy - which products to build, which segments to serve, how to grow originations against economic and credit targets. Own the numbers.
  • Build and scale the lending org: Recruit, develop, and lead a high-performing PM team, strong product build discipline, develop future leaders, and establish the operating cadence and culture that allow a lending business to move quickly without sacrificing rigor.
  • Take products from 0-1 to scale: Launch and grow Mercury's lending products - term loans, lines of credit, and what comes next, and build the experimentation loop that compounds growth post-launch.
  • Partner with credit, underwriting, and risk on credit policy, underwriting models, and eligibility.
  • Manage capital and lending partners: Work with finance, capital markets, and banking/lending partners to keep the business well-capitalized and structured to scale, and own those relationships.
  • Balance growth with rigor: Build a lending business that customers love while meeting the credit, risk, and compliance standards a regulated product demands— making the hard tradeoffs between speed, experience, and controls.
  • Align the lending ecosystem: Bring together product, engineering, underwriting, risk, credit operations, data, compliance, legal, marketing, sales, support, and external partners to execute a cohesive lending strategy and deliver strong business outcomes.

Qualifications

  • 10+ years in lending or credit products, including significant time in SMB, commercial, or business lending, with experience building and 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 and decisioning, funding, servicing, repayment, and collections — and the credit, risk, and compliance considerations at each stage.
  • A track record of 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 a fintech or high-growth environment.
  • Experience working directly with bank partners, lending partners, or capital markets to structure and fund a lending business.
  • Sound judgment in a regulated, risk-sensitive environment: you balance a delightful customer experience with the controls a credit product requires.
  • A data-driven, experimentation-oriented approach, and exceptional cross-functional leadership across product, underwriting, finance, compliance, and partners.

Skills

Required:P&L ownershipLending product management

Benefits

  • Total Rewards package includes base salary, equity (stock options/RSUs), and benefits.
  • Competitive salary ranges updated regularly based on industry data.
Last updated Aug 26, 2026. Interested? Apply on the company site.
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About Mercury

Online Business Banking For Startups & Small Businesses | Financial Workflows

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