Product Manager

Sirius People; Sydney; On-site; AUD 140,000 - 200,000; Full time

Job summary

Sirius People in Sydney is seeking a traditional Product Manager to own the Home Loans portfolio, focusing on profitability, pricing, and compliance. Reporting to senior leadership, you will drive P&L, capital design, and lifecycle optimization from acquisition to retention.

You will navigate regulatory frameworks, analyse market data, and collaborate with risk, finance, and operations to enhance margins and customer outcomes in a dynamic lending market.

Qualifications

• Proven background as a Traditional Product Manager in financial services (home loans or mortgages).
• Strong expertise in capital design and P&L management for lending products.
• Knowledge of lending compliance and regulatory risk frameworks.
• Analytical, data-driven mindset to translate market data into pricing/product strategy.

Responsibilities

• Own the Home Loans portfolio commercial performance, pricing, and profitability.
• Lead capital design and economics to optimise product margins.
• Act as SME for regulatory risk and compliance across product lines.
• Develop strategies to improve conversion and customer retention in the lifecycle.

Skills

P&L management

Capital design

Pricing strategy

Regulatory risk

Data analysis

Job description

About the Company

We are partnering with a highly successful, fast-growing non-bank lender based in Sydney. Operating in a dynamic and highly competitive market, they are heavily focused on expanding their home loan portfolio while maintaining strong margins and exceptional customer outcomes. This is a high-performing environment that rewards commercial thinking and a deep understanding of lending economics.

The Role

This is not your standard digital delivery or tech-focused product role. We are looking for a true, traditional commercial Product Manager to take ownership of the Home Loans portfolio. Reporting directly to senior leadership, your core focus will be the financial performance of the product—managing the P&L, capital design, pricing strategies, and compliance frameworks. You will be the commercial engine behind the product, driving profitability, managing risk, and optimizing the customer lifecycle from acquisition to retention.

What you will be doing

• Commercial Ownership: Drive the growth and profitability of the home loan portfolio by actively managing pricing strategies, net interest income, and acquisition costs.
• Capital Design & Economics: Deep dive into the financial structure of the loans, ensuring optimal product economics and margin management.
• Risk & Compliance: Act as the Subject Matter Expert for the regulatory landscape, ensuring rigorous legal risk management and compliance across all product lines.
• Customer Lifecycle: Develop strategies to improve conversion rates ("speed to yes") and maximise customer retention.
• Process Optimisation: Champion the development of Standard Operating Procedures (SOPs) and Product Information Memorandums (PIMs) to strengthen internal controls.
• Market Strategy: Conduct continuous market research and competitor benchmarking to adapt to evolving market needs.

What you bring to the table

• A proven background as a Traditional Product Manager within the financial services sector (Home Loans, Mortgages, or non-bank lending experience is highly regarded).
• Deep expertise in Capital Design and P&L management -you understand the core economics, funding, and pricing of lending products.
• Strong working knowledge of lending compliance and regulatory risk frameworks.
• A highly analytical, data-driven mindset with the ability to translate complex market data into actionable pricing and product strategies.