Product Manager - Lending Portfolio

APGFCU; Edgewood (MD); Hybrid; USD 92,000 - 156,000; Full time

Benefits offered by this job

Medical and dental

Vision

401(k)

Life and disability insurance

Flexible spending account

Employee assistance program

Referral program

Educational assistance

Holidays

Annual leave

Sick leave

Job summary

APGFCU in Edgewood, MD seeks a Lending Product Manager to drive performance and strategy across Credit Cards, Consumer Lending, Home Loans, and Commercial Loans. You’ll shape pricing, analyze trends, and create value for members and the business.

Collaborate with Consumer, Mortgage, Commercial Lending, Marketing, Risk and Finance to align products with regulatory requirements and market needs, delivering data-driven decisions and strong cross-functional execution.

Qualifications

• Bachelor's degree in business, Finance, Economics, Marketing, or related field.
• 3–5+ years of experience in product management, lending operations, portfolio management, or financial services.
• Experience with Credit Card and lending product performance, strategy, analytics, and business outcomes.
• Experience developing pricing or competitive strategies.
• Strong analytic skills; ability to interpret financial, performance, and risk data for all lending segments.
• Ability to lead cross-functional work without direct authority.
• Excellent written and verbal communication skills.
• Hybrid - Must be able to come into the office once a week.

Responsibilities

• Own the product lifecycle for Credit Cards, Consumer Lending, Home Loans, and Commercial Loans from concept through retirement.
• Develop and execute strategies to drive portfolio growth, product usage, and member/business value.
• Conduct competitive market research on rates, fees, terms, promotions, and lending trends across all three lending areas.
• Identify opportunities to expand or refine products based on consumer, homeowner, and business needs.
• Monitor performance metrics for Credit Cards, Consumer Lending, Home Loans, and Commercial Loans, including volume, yield, profitability, delinquency, and charge offs. Recommend pricing, terms, and promotional strategies that improve product and portfolio performance.
• Collaborate with Marketing on campaigns and communication strategies tailored to consumer, homeowner, and business audiences.
• Work with Lending Operations, Mortgage Operations, and Commercial Lending teams to enhance processes and member/business experience.
• Partner with Risk and Compliance to ensure all lending products align with regulatory requirements and credit policy.
• Coordinate with Data & Analytics to build reporting and dashboards for each lending category.
• Complete training and compliance on federal regulations and APGFCU policies.

Skills

Product management

Lending operations

Portfolio management

Financial services

Education

Bachelor's degree (business, finance, economics, marketing, or related)

Job description

Where Banking Feels Like Belonging At APGFCU, our values are at the heart of everything we do, empowering us as leaders in the credit union movement. We prioritize purpose and connection in how we serve our members, co-workers and communities - helping to navigate life's little and big moments.

Position Summary

The Lending Product Manager is responsible for the performance, profitability, and strategic direction of the credit union’s Credit Card, Consumer Lending, Home Loans, and Commercial Loans portfolios. This role is not a technical product manager position. Instead, it focuses on market analysis, portfolio performance, pricing optimization, credit trends, and member/business value creation. The Lending Product Manager partners closely with Consumer Lending, Mortgage, Commercial Lending, Marketing, Finance, Risk, Branch Leadership, and Digital Channels to ensure lending products meet the member’s needs, support business growth, and stay competitive in the market.

Key Responsibilities

• Own the product lifecycle for Credit Cards, Consumer Lending, Home Loans, and Commercial Loans from concept through retirement.
• Develop and execute strategies to drive portfolio growth, product usage, and member/business value.
• Conduct competitive market research on rates, fees, terms, promotions, and lending trends across all three lending areas.
• Identify opportunities to expand or refine products based on consumer, homeowner, and business needs.
• Portfolio & Performance Management: Monitor performance metrics for Credit Cards, Consumer Lending, Home Loans, and Commercial Loans, including volume, yield, profitability, delinquency, and charge offs. Recommend pricing, terms, and promotional strategies that improve product and portfolio performance. Partner with Finance to model projected impacts on pricing adjustments or new product introductions. Analyze trends across auto, personal loans, credit cards, mortgages, home equity, small business loans, and commercial real estate.
• Cross Functional Leadership: Collaborate with Marketing on campaigns and communication strategies tailored to consumer, homeowner, and business audiences. Work with Lending Operations, Mortgage Operations, and Commercial Lending teams to enhance processes and member/business experience. Partner with Risk and Compliance to ensure all lending products align with regulatory requirements and credit policy. Coordinate with Data & Analytics to build reporting and dashboards for each lending category.
• Product Governance & Execution: Maintain accurate product documentation, disclosures, policies, and marketing assets for all three lending groups. Present regular performance updates and strategic recommendations to leadership. Support digital and branch channels with product training, rollout coordination, and performance insights. Ensure product delivery is consistent across channels and aligned with the credit union’s service standards.
• Additional: Responsible for completion of applicable training and compliance on federal regulations and APGFCU policies and procedures as related to the duties of this position (Bank Secrecy Act, Information Security as examples, if applicable).

Qualifications

• Required Bachelor’s degree in business, Finance, Economics, Marketing, or related field.
• 3–5+ years of experience in product management, lending operations, portfolio management, or financial services.
• Experience with Credit Card and lending product performance, strategy, analytics, and business outcomes.
• Experience developing pricing or competitive strategies.
• Strong analytic skills; ability to interpret financial, performance, and risk data for all lending segments.
• Ability to lead cross-functional work without direct authority.
• Excellent written and verbal communication skills.
• Hybrid - Must be able to come into the office once a week.

What This Role Is Not

It is not a Technical Product Manager position and does not include responsibility for system architecture, APIs, software development planning, backlog ownership, sprint planning, or technical requirements gathering.

Preferred Experience

Preferred Experience in Credit Card, and other lending products like Consumer Lending, Mortgage Lending, or Commercial Lending.

Familiarity with credit risk metrics and underwriting concepts across multiple lending lines.

Understanding of digital lending environments and member/business journey design.

Success Measures

• Portfolio growth and profitability for Consumer Lending, Home Loans, and Commercial Loans.
• Improved product competitiveness, conversion rates, and member/business satisfaction.
• Effective rate/fee strategies that balance growth and risk.
• Strengthened internal alignment across all lending and support departments.
• Accurate, data-driven recommendations that guide organizational decisions.

Compensation information

$91,600 to $155,600 annually offers are based on experience and education.

• medical and dental (shared expense)
• vision
• 401(k)
• life and disability insurance
• flexible spending account
• employee assistance program
• referral program
• educational assistance
• holidays
• annual leave
• sick leave

APGFCU is an Equal Opportunity/Affirmative Action employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability to Protected Veteran status. Please use the attached link to view the EEO law poster http://www1.eeoc.gov/employers/poster.cfm APGFCU is committed to working with and providing reasonable accommodations to persons of all abilities, including persons with disabilities. If you need a reasonable accommodation for any part of the employment process, please send to the Human Resources Department and let us know the nature of your request and your contact information. Reasonable accommodations are considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodations will be responded to from this e-mail address.

APGFCU participates in E-Verify

and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. You can view the details by clicking here or returning to the careers homepage. APGFCU participa en E-Verify y proporcionará al gobierno federal la información de su Formulario I-9 para confirmar que usted está autorizado para trabajar en los EE.UU.. Puede ver los detalles haciendo clic aquí o regresando a la página de inicio de carreras profesionales.