Commercial Manager - Cards

At Qred, we're building the world's best bank for small businesses. Since launching 11 years ago, we've grown from startup to profitable fintech scale-up, and following our merger with Liberis, we're now a global group generating over €300 million in annual revenue and serving more than 100,000 small businesses across 17 countries in Europe and North America. Together, we combine a regulated, deposit-funded bank with an embedded finance network of partners, using smart technology, real-time data and human judgment to make financing simple, fast and fair. With bold growth plans and strong momentum across multiple markets and currencies, we're now looking for a Commercial Manager to strengthen our Card function for the next phase of growth.

About the Role

In this role, you will hold end-to-end commercial ownership of our rapidly scaling business card P&L. You bridge rigorous technical execution with commercial impact, using modern financial systems and advanced AI tooling to transform raw performance data into actionable business decisions.

Key responsibilities

Track portfolio performance against forecast targets across markets, proactively diagnosing root causes behind variance for key stakeholders.

Model unit economics and P&L drivers - including revenue streams, acquisition costs, and credit losses - to identify high-impact margin opportunities.

Define and optimize core commercial levers such as feature pricing, partner commission frameworks, and loyalty program economics.

Align cross-functional initiatives across Product, Credit Strategy, and Finance to implement performance improvements and quantify business outcomes.

Embed modern AI agents into daily research, financial modeling, and data analysis workflows to elevate operational scaling.

What we're looking for

You bring a highly structured, analytical mindset and an instinct for resolving ambiguous business problems with quantitative clarity. You drive alignment effortlessly across disciplines, communicate complex metrics concisely to leadership, and are motivated to build scalable commercial frameworks in a high-velocity environment.

Qualifications

Several years of experience across commercial strategy, business development, partnerships, or commercial finance within fintech, payments, lending, or regulated financial services.

Proven track record of owning end-to-end partner terms, contract negotiations, and long-term commercial relationship management.

Strong expertise in building financial models from scratch, with deep command of unit economics, lifetime value (CLV), and P&L dynamics.

Daily fluency using AI agents for data querying, financial modeling, and analysis, paired with the critical judgment to audit their outputs.

Professional working proficiency in English, both written and spoken.

Why us?

This is the place to be if you're looking for a place to grow. Qred is growing fast, and our Qredsters along with it. With a non-bureaucratic organization and delegated responsibilities, we make sure there's a short path from idea to action. In addition to our great culture, you get to work with the latest cutting-edge techniques, full ownership, and last but not least a bunch of great competent colleagues to learn from!

One Last Thing

This is a full-time, permanent position based in our headquarters in Stockholm. We believe our culture thrives when we work together, which is why we have an office-first approach. To balance this with some flexibility, we have the option of working remotely one day per week. We review applications on a rolling basis and while the start date is flexible, the right candidate can join us immediately.

Qred celebrates diversity and does not discriminate based on ethnicity, religion, national origin, gender, sexual orientation, age, disability status, or any other applicable characteristics protected by law.

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