Senior Product Manager, Installment Loans

Momentum Financial Services Group; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading financial services provider in Toronto is seeking a Senior Product Manager for their installment loans portfolio. You will own the strategy, development, and performance, focusing on customer acquisition and profitability. The ideal candidate has over 7 years of experience in financial services, strong P&L management skills, and a background in consumer lending. Join a team reshaping financial access and making an impact today.

Qualifications

• 7+ years of experience in the financial services industry.
• Experience owning and managing a product P&L; preferably in retail lending.
• Experience leading cross-functional teams in high-growth environments.

Responsibilities

• Define the product strategy and develop the strategic roadmap.
• Manage revenue, expenses, and profitability targets for the product portfolio.
• Collaborate with marketing and digital teams to optimize the customer journey.

Skills

Product strategy development

Financial modeling

P&L management

Cross-functional collaboration

Data analysis

Education

Bachelor’s degree in Finance, Business, Engineering or a related field

MBA

Job description

Senior Product Manager, Installment Loans

Toronto, Canada

Overview

Momentum Financial Services Group helps people move forward by reimagining how money works for those who need it most. With more than 40 years of experience, we’re the team behind Money Mart—Canada’s largest non-bank branch network—and a leader in financial solutions for underserved communities.

From short-term loans to money transfers and prepaid cards, we power the products, technology, and operations that connect over a million customers a year to the money they need, when they need it.

At MFSG, we come together across teams and departments to create something bigger than ourselves: solutions that remove barriers and give people access to money they might not get anywhere else. Whether you\u2019re solving problems, building systems, or shaping strategy, your work fuels real support for real people.

The Job

Senior Product Manager, Installment Loans: We’re looking for a strategic and performance-driven Product Manager to lead our installment loan portfolio. In this role, you’ll own the strategy, development, and performance of the product portfolio, with a focus on customer acquisition, risk mitigation, and profitability. The ideal candidate has deep experience in financial services product management, consumer lending, understands the full loan lifecycle, and has previously managed a P&L. You’ll collaborate cross-functionally to enhance product offerings, implement data-informed strategies, and drive bottom-line results.

What You’ll Do

• Define the product strategy and develop the strategic roadmap
• Understand customer needs and use market insights to guide continuous product innovation and enhancement
• Evaluate existing offerings and identify improvements to enhance competitiveness, customer experience, and revenue
• Prioritize product features and initiatives based on strategic objectives and market opportunities

Own the P&L and Drive Performance

• Manage revenue, expenses, and profitability targets for the product portfolio
• Ensure alignment between financial performance and broader business goals
• Monitor product portfolio KPIs, identify opportunities/risks, and implement risk mitigation and loss-reduction strategies
• Leverage analytics to improve underwriting, reduce default rates, and grow high-quality loan volume
• Identify and implement process improvements across the product lifecycle to improve scalability and operational efficiency

Partner Across the Business

• Collaborate with marketing and digital teams to optimize the customer journey including acquisition, engagement and retention strategies
• Work with legal, compliance, and risk to ensure products meet regulatory requirements and internal controls

What You’ll Bring to the Table

• A data-driven and curious mindset—you thrive on insights and testing
• Ability to translate strategy into action across multiple stakeholders and departments
• Strong financial acumen and experience with financial modelling, budgeting, forecasting, and P&L management
• Proven ability to lead projects, solve complex problems, and drive results in a fast-paced environment

Education + Experience

• 7+ years of experience in the financial services industry
• Experience owning and managing a product P&L; preferably in retail lending
• Experience leading cross-functional teams in high-growth environments
• Bachelor’s degree in Finance, Business, Engineering or a related field; MBA preferred

Ready to make an impact? Apply today and bring your lending expertise to a team that’s reshaping financial access.