4+ years in Treasury, Consumer, Product Management, or bank operations
Bachelor's degree in business, finance, or related field
Proven track record in launching impactful products
Experience in researching and developing new banking products preferred
Strong understanding of banking operations and regulations
Responsibilities
Manage product portfolio, recommending price changes and improving functionality
Collaborate with cross-departmental project teams to define business requirements
Lead product development initiatives and maintain ongoing product management
Work with marketing to create and update product materials
Participate in project teams at various levels of Project Management
Manage vendor relationships and assist in contract negotiations
Utilize Business Intelligence for financial reporting and ROI analysis
Assist in budget preparation and training for stakeholders
Present product strategies to management and community boards
Engage in continuous learning through training and conferences
Benefits
Group Health, Dental, and Vision Insurance
Generous Paid Time Off (PTO)
Volunteer Time Off (VTO)
401(k) plan with lucrative company match
Tuition assistance
Company Paid Life Insurance
Paid Parental Leave
Lifestyle Accounts for reimbursements on personal expenses
Team Member Banking with special employee benefits
Full Job Description
This position will be hired in either Des Moines or Cedar Rapids.
Job Summary:
The Banking Product Manager is responsible for the overall product management and strategic focus for assigned product lines and services. This position establishes marketing and product strategies based on the assessment of the competitive environment and develops new products/services to increase market share and meet identified customer needs. This position will be responsible for leading a specific product portfolio which may also include ownership of intensive systems, may require this individual to interact directly with customers, demo products, and lead new system implementations. The Commercial Banking Product Manager will meet regularly with the Enterprise Product Manager or Divisional Manager to ensure their strategies meet/align with the goals of the Enterprise Product team.
Primary Functions and/or Responsibilities:
Manages portfolio of products and services for, including recommending price changes, improving functionality, and reducing inefficiencies, etc.
Works with project teams from various departments to set business requirements, prioritize workloads, and understands resource requirements for assigned consumer projects.
Participates in product development and enhancement initiatives, in coordination with the Enterprise Product Manager or Divisional Manager. Researches new products and services, builds ROIs, writes business cases, works with PMO on implementation projects, and then maintains product in perpetuity.
Works with marketing to establish initial marketing materials for new products and services and updates existing materials as needed.
Participates on project teams in various levels of Project Management (SME, Sponsor, etc).
Manages 3rd party vendors and assists in contract negotiations for consumer services.
Utilizes Business Intelligence to prepare, financial reports on products, fees, and project ROI performances.
Assists management in budget preparation.
Hosts trainings for commercial officers, customers, and internal team members.
Prepares and presents product strategies and roadmaps to various levels of employees, including Management Committee, Executive Committee, and Community Boards.
Attends training, conferences, and webinars to continually enhance understanding of bank products and services.
Performs other duties as assigned
Education and/or Experience:
At least four years of combined experience in Treasury, Consumer, Product Management and/or bank operations required
Or Bachelor's degree in business, finance, or other related field required
Demonstrated success in defining and launching products with a proven track record of diving high impact projects that require strategic thinking analysis, business planning, and execution
Experience researching and developing new products and services preferred
Specific Skills, Knowledge & Abilities:
Thorough knowledge and understanding of general banking operations and regulations
Hiring Salary Range
The hiring range below reflects targeted base salary. Actual compensation will be determined based on the candidate's prior related experience & education and will be finalized at the time of offer. In addition to base salary, most positions are also eligible to participate in our annual bonus program. Select positions may also be eligible to earn incentives and/or commissions Hiring Base Salary Range: $78,000 - $92,000 plus Annual Bonus.
Benefits
Group Health, Dental, and Vision Insurance
Generous Paid Time Off (PTO)
Volunteer Time Off (VTO)
401(k) plan with lucrative company match
Tuition assistance
Company Paid Life Insurance
Paid Parental Leave
Lifestyle Accounts that provide employees with reimbursement for the things that are most important to them such as childcare, student loan payments, gym memberships, pet insurance and much more.
Team Member Banking - a suite of products and services with special benefits for employees
Hybrid Eligibility: Position may be eligible for a hybrid work schedule (requiring some days in the office each week).
