Mercury

Senior Product Manager - Business Lending

Mercury • $200K — $250K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years of product management or relevant experience
  • 2+ years in lending, credit, payments, or related financial domains
  • Experience building and scaling lending businesses
  • In-depth understanding of the lending lifecycle and associated risk and compliance considerations
  • Proven ability to develop AI-centric customer products
  • Technical fluency in collaborating with engineers and data scientists
  • Strong customer empathy and data-driven decision making
  • Ability to navigate ambiguity and lead in dynamic environments

Responsibilities

  • Own the vision, strategy, and roadmap for business lending products
  • Drive the customer journey from eligibility to repayment
  • Collaborate with risk and data science on underwriting processes
  • Work with design and engineering to create a seamless application experience
  • Ensure regulatory compliance and operational integrity in partnership with legal teams
  • Define key performance metrics to guide product prioritization
  • Use data insights to inform product development and trade-offs
  • Collaborate with marketing and sales for effective product launch

Benefits

  • Base salary and stock options/RSUs
  • Competitive compensation package
  • Benefits updated regularly based on industry surveys
  • Flexibility regarding location for US and Canadian employees
Full Job Description
What You'll Do:
  • Own the vision, strategy, and roadmap for Mercury's business lending product suite
  • Drive the end-to-end customer journey - eligibility and discovery, application, underwriting and decisioning, funding, servicing, and repayment
  • Partner with risk and data science to design underwriting and decisioning experiences that balance speed and approval rates with sound credit and compliance controls
  • Work with design and engineering to make the application feel effortless, transparent, and trustworthy for business owners
  • Collaborate with banking partners, legal, and compliance to ensure the product is regulatory-compliant and operationally sound
  • Define and instrument the metrics that matter: conversion, approval and decline rates, time-to-funding, loss performance, repayment health, and customer satisfaction - and use them to prioritize
  • Use customer insight, market research, and data to decide what to build next, and make crisp tradeoffs between scope, risk, and speed
  • Partner with marketing, sales, and support to launch the product and bring it to the right customers at the right moment

What You Bring:
  • 7+ years of product management or aligned experience, with at least 2+ years in lending, credit, payments, or another regulated financial domain
  • Experience of building and scaling lending businesses
  • A strong grasp of the lending lifecycle: origination, underwriting, servicing, and repayment , and the risk and compliance considerations that come with it
  • Proven ability to ship AI-first and iterate on customer-facing products that solve real problems for users
  • Technical fluency: comfort partnering deeply with engineers and data scientists while translating complexity for business, risk, and compliance stakeholders
  • Strong customer empathy paired with the rigor to balance growth against credit, compliance, and operational realities
  • A track record of using data and experimentation to drive decisions and measurable outcomes
  • Comfort operating with ambiguity and setting direction in a fast-moving, greenfield product area

#LI-AT3

Total Rewards
The total rewards package at Mercury includes base salary, equity (stock options/RSUs), and benefits.

Our salary and equity ranges are highly competitive within the SaaS and fintech industry and are updated regularly using the most reliable compensation survey data for our industry. New hire offers are made based on a candidate's experience, expertise, geographic location, and internal pay equity relative to peers.

Our target new hire base salary ranges for this role are the following:

US employees (any location):

$200,700-$250,900 USD

Canadian employees (any location):

$189,700-$237,100 CAD

About Mercury

Mercury is a banking and financial services company that provides a range of products and services to individuals and businesses. Their offerings include checking and savings accounts, loans, credit cards, and investment services. The company was founded in 2000 and has since grown to become a leading player in the financial industry. Mercury's mission is to help people and businesses achieve their financial goals, and they are committed to providing excellent customer service and innovative solutions.
Learn more about Mercury
Size
5,000 employees
Industry

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