Head of Product - Business Lending

About the role

Mercury is building a banking-grade lending operation to extend trust to businesses. We are looking for a product leader to define strategy, lead a team, and drive growth for our lending business. This role will own the entire lending product lifecycle and P&L outcomes.

Key facts

What you'll do

• Own the P&L and multi-year strategy for business lending, including product development, market segmentation, and growth targets.
• Build and scale the lending organization by recruiting, developing, and leading a product management team.
• Launch and expand Mercury's lending products, such as term loans and lines of credit, establishing experimentation loops for growth.
• Collaborate with credit, underwriting, and risk teams on policy, models, and eligibility criteria.
• Manage relationships with finance, capital markets, and banking partners to ensure adequate capitalization and scalability.
• Balance growth with regulatory and risk standards, making trade-offs between speed, user experience, and controls.
• Align various internal and external stakeholders, including engineering, operations, data, compliance, and sales, to achieve lending objectives.

Requirements

• 10+ years of experience in lending or credit products, with significant time in SMB, commercial, or business lending.
• 5+ years leading and managing product management teams, including hiring, coaching, and organizational design.
• Deep understanding of the entire lending lifecycle: eligibility, application, underwriting, decisioning, funding, servicing, repayment, and collections.
• Proven track record of owning a lending P&L and managing its key drivers like pricing, credit policy, and loss performance.
• Experience launching and scaling new lending or credit products, ideally in a fintech or high-growth setting.
• Direct experience working with bank partners, lending partners, or capital markets to structure and fund lending operations.
• Ability to balance customer experience with regulatory and risk controls in a sensitive environment.
• Data-driven approach and strong cross-functional leadership across product, underwriting, finance, and compliance.

Practical notes

Mercury is a fintech company; banking services are provided through Choice Financial Group and Column N.A., Members FDIC. The total compensation package includes base salary, equity (stock options/RSUs), and benefits. Offers are based on experience, expertise, location, and internal pay equity. Mercury is an Equal Employment Opportunity employer and provides reasonable accommodations for applicants with disabilities.