What are the responsibilities and job description for the SR Product Manager position at Smith Johnson Tech?
Job Title:
Sr Payments Product Manager
Location: Weber County, Utah
Status: Onsite; FTE
Job Number: 15589
Overview
The Senior Product Manager is responsible for managing products throughout the product lifecycle, gathering and prioritizing product and member requirements, defining the product vision, and managing cross functional teams to deliver winning products and ensure product line sustainability. The Senior Product Manager's job also includes ensuring that the product supports the company's overall strategic vision and performance goals. A successful Senior Product Manager manages the credit union's product offerings to ensure the credit union achieves its growth, yield, and risk management goals.
The Senior Product Manager is critical in the roles of interviewing, selecting and hiring of new team members. Additionally, Senior Product Managers have the responsibility mentor, train, conduct performance evaluations and one-on-ones, and direct the efforts of staff to ensure production levels and credit union performance is met.
Responsibilities
- Strategic Management
- Establish and drive short-, and long-term strategic plans and objectives ensuring organizational strategies are aligned
- Create analytical infrastructure to aid in rapid turnaround of recommendations on evolving strategic challenges
Maintain product forecast including growth, revenue and expenses, to be used by various business functions
Pricing
- Create and optimize pricing models with strategic goals of the credit union
- Establish and maintain pricing for multi-billion-dollar loan portfolios
- Lead strategic pricing initiatives to optimize member satisfaction and revenue requirements
- Develop price elasticity models for all and products
- Create complex pricing models to guide product pricing decisions
Innovate analytical methodologies for an increasingly sophisticated pricing model
Research
- Analyze market trends using primary and secondary research to develop key value propositions
- Scrutinize competitors and advise Senior Management how to effectively position against them
- Measure product awareness with members and target market
Use Structured Query Language (SQL) Tableau, and other data engines to produce actionable data analysis
Product Innovation
- Develop and justify product modifications and improvements
- Build and launch products and/or product features
- Drive product and process innovation and automation to deliver highly scalable and profitable solutions
- Oversee and function as the owner of product innovation activity
- Ensure the user experience and business requirements are fully represented during the product design process
Accountable to users for feature sets, navigation, quality, and overall experience
Interaction with Others
- Consult with and Advise senior management on product, product innovation, pricing, and strategy to meet credit union objectives
- Lead cross-functional teams on product risk management, pricing, growth and yield
- Bridge every department that touches the product
- Function as project manager to ensure products are completed on time and requirements are met
- Supervise Product Managers, Product Analysts II, and Product Analysts I
Qualifications
• Bachelor's degree in business or related field required, Master's degree preferred
• Eight Plus years in product management or related field, preferably in a financial institution
• Knowledge of Credit Union products, services, policies, and procedures
• Understanding of market pressures that drive product performance
• Extensive knowledge of statistics and related computer applications and financial and market indicators
• Proficient in Structured Query Language (SQL), Tableau, R Studio, and Python
• Demonstrate success defining and launching excellent products
• Proven ability to influence cross-functional teams
• Able to distil relevant information, communicate ideas, and present findings in public speaking environments
• Outstanding abstract, analytical, critical, and creative thinking abilities
• Negotiation expertise
• Strong leadership, decision making, problem solving, communication, and project management skills
• Proficient in Tableau, Excel, PowerPoint
Salary : $125,000 - $175,000