What are the responsibilities and job description for the Product Analyst position at Amalgamated Bank of NY?
This position serves a critical role in optimizing product economics, support key product initiatives, conduct research and analyze data to drive product excellence. In addition, this person will be the subject matter expert (SME) for all product related data and KPIs for senior management consumption. This position will report to the Director of Product Management.
By joining our team, you’ll be joining a Bank that believes that that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers.
Essential Job Functions:
- Build business cases and analyze product economics to optimize profitability
- Support key product launch and implementation
- Conduct market and competitive research to identify opportunity
- Conduct client research to identify key client pain points
- Provide analytical support and develop monthly reports on product performance using various volume, revenue, and cost metrics
- Extract and leverage data sources from various systems to perform data validation on monthly product data, and if necessary, liaise with product stakeholders to ensure data integrity
- Automate routine reports to improve efficiency
- Review data and information to identify key trends and area for improvement
- Liaise between Relationship Management team and external stakeholders to support client onboarding for various treasury products
- Work on various revenue and billing analysis exercises to improve income ratios across the product suite
- Assist with various product related initiatives including but not limited to re-pricing analysis, collateral material, product campaigns, etc.
- Provide accurate ad hoc reporting when requested by business line and product management stakeholders
- Be the Subject Matter Expert (SME) in billing, maintain rules within a logic-based billing system to ensure sound billing logic, and review monthly billing
- Provide client product support as needed
- Perform other duties as directed
Knowledge, Skills and Experience Requirements:
- Bachelor’s Degree, preferably in Economics, Business Administration, or Finance
- Minimum 2 years of banking experience or relevant internship experience
- Strong analytical approach, comfortable with numbers and ability to draw conclusions and insight, as well as provide recommendations based on analysis
- Ability to manage and prioritize multiple projects, managing timelines, and key updates to stakeholders
- Basic understand of Banking Products and Services preferred
- Ability to adapt well in fast-paced environment and comfortable working in a growing department and role
- Technical Skills: Intermediate Proficiency in Excel (pivot tables, conditionals, data models, vlookup, INDEXMATCH, etc.) required, familiarity in database querying (SQL, Power BI) preferred
Our job titles may span more than one career level. The starting base salary for this role is between $80,000.00 – $90,000.00. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.
Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.
Salary : $80,000
