Vice President, Line of Credit

Vice President, Line of Credit About the Role: Our client, a fast-growing digital consumer lender, is looking for an entrepreneurial Vice President to run and grow its revolving credit product. Customers receive a credit limit, borrow against it, pay it down, and borrow again. The product has early traction, and this leader will improve its economics, expand its customer base, and build it into a lasting, profitable business line. The Vice President will report to the head of the lending business and will have full profit-and-loss accountability, spanning strategy, product growth, credit, funding, operations, and financial results. We are looking for a hands-on operator who has already grown a revolving credit or consumer lending business from its early stages to significant scale. What You Will Do: Run the P&L: Take full ownership of profit and loss for the revolving credit business. Hit revenue and profitability goals while managing risk-adjusted returns and grow the business from early traction to real scale. Set Strategy and Scale: Shape and carry out the plan to make this a durable, distinctive product, and define how it fits alongside the company’s other lending products to reach more customers. Improve Unit Economics: Strengthen returns across the full account life cycle, including starting credit limits, limit increases, drawings, utilization, pricing, and repayment. Drive Growth: Partner with Marketing to add new accounts through direct, partner, and mobile channels. Increase repeat usage and customer lifetime value and own the growth plan. Product and Technology: Work with product and engineering teams to improve the digital experience from application through draws, payments, and account management, with a focus on acquisition, engagement, and retention. Credit and Risk: Collaborate with Credit, Risk, and Analytics on underwriting, credit line strategy, pricing, and portfolio monitoring, balancing growth with healthy credit performance. Capital and Funding: Develop and expand the funding strategy with Finance and Capital Markets to support balance growth and lower the cost of capital. Lead Across the Company: Align Marketing, Operations, Finance, Legal, Compliance, and Technology around the goals of the business. AI Efficiency: Proficiency in applying AI tools to improve operational efficiency and decision-making What We Are Looking For: Bachelor’s degree in business, Finance, Economics, or a related field; MBA or other advanced degree preferred 10+ years of progressive experience in consumer lending, fintech, or financial services, including senior roles with direct P&L ownership A track record of scaling an early-stage business line or product into a profitable operation, ideally in lines of credit, credit cards, or other revolving credit Deep understanding of revolving credit economics: credit line assignment and management, utilization, pricing, credit and portfolio performance, and what drives a profitable lending business Experience growing a digital consumer credit product through marketing channels, partnerships, and customer engagement Working knowledge of consumer lending regulation for open-end credit, including TILA and Regulation Z, ECOA, FCRA, UDAAP, and related state and federal rules Experience serving subprime or near-prime customers preferred A hands-on, entrepreneurial operator who does well in a fast-moving environment and is comfortable with change and ambiguity Strong leadership, communication, and analytical skills, with the ability to influence at every level The drive to take ownership of the business and its results Benefits: Flexible paid time off Medical, dental, and vision insurance 401(k) with company match Paid family leave Annual wellness and work-from-home stipends Remote-first culture MMD Services Inc. is an equal opportunity employer. All applicants are considered for all positions without regard to race, religion, color, sex, gender, sexual orientation, pregnancy, age, national origin, ancestry, physical/mental disability, medical condition, military/veteran status, genetic information, marital status, ethnicity, alienage, or any other protected classification, in accordance with applicable federal, state, and local laws.