Product Manager
Product Manager
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$ 84427 - 105539
1 Vacancy
Job Description
APGFCU Your Community Credit Union! For over 80 years APGFCU has shared our financial experience and provided valuable products and services to build stability and financial independence one member at a time. We are looking for those who want to join this movement and become a part of a growing organization. We offer competitive pay and great benefits.
SUMMARY: The Product Manager is responsible for all aspects of the product lifecycle from identifying sales and growth opportunities through design and delivery; ensuring competitive pricing including promotional pricing and sales strategies. Work requires building close relationships with APGFCUs internal and external partners to ensure timely and accurate execution. Responsible for determining potential areas of risk associated with new products and policies. The Product Manager owns the product/service and ensures that APGFCUs overall product strategy is consistent with corporate goals. This role includes the indirect management and cooperation of others within the department and throughout credit union to ensure the products success.
Essential Duties and Responsibilities:
- Create and maintain product performance plans including: product roadmaps marketing calendars product guides portfolio segmentation pertinent research and performance reporting.
- Support lines of business through market and competitor research including: industry marketplace and future trends using both primary and secondary sources.
- Identify develop and implement new products and initiatives to meet established strategic goals.
- Work with project teams on product market segmentation and service experience design.
- Deliver product performance analytics and reporting to lines of business leaders.
- Review product lifecycle for experiential improvements including shopping application funding servicing and final payoffs with a member centered design approach.
- Collaborates with staff to ensure training on new products/services and awareness of all product changes.
Research:
- Partner with the research team to conduct primary and secondary research on APGFCUs existing and potential products/services.
- Track all features of competitors products/services and promotions.
- Develop demographic and psychographic profiles of both users and non-users using MCIF and market data. Study the buying preference and behavior of members and potential members as well as sensitivity to feature changes especially pricing.
- Collaborate with members potential members branch sales IT and management staff to understand the market and to quantify the specific benefits that members expect from the product/service.
- Keep informed of all significant industry trends market developments and the competitive landscape.
Product Development:
- Develop new products/services and manages existing products/services within assigned product lines including pricing profitability channel promotions branding product life cycle segmentation relationship management and sales support. Continually reviews assigned products and makes recommendations for product enhancements and new products.
- Understand and apply applicable laws regulations and limitations of assigned product lines.
- Create a competitive matrix outlining the features of our products/services compared to our competitors.
- Establish and continually refines competitive pricing/profit models.
- Evaluate business partner relationships and establishes or discontinues relationships based on business partners ability to help APGFCU achieve its goals.
Project Management:
- Effectively manage multiple projects at once.
- Demonstrate strong organization of project schedules and manages competing timelines to ensure milestones are completed in a timely fashion.
- Demonstrate strong attention to detail; strong multi-tasking ability as well as ability to manage deadlines in a dynamic fast-paced work environment
Special Projects:
- Serve as Lending Product Development and Performance liaison on selected internal project teams.
ADDITIONAL: Responsible for completion of applicable training and compliance on federal regulations and APGFCU policies and procedures as related to the duties of this position (Bank Secrecy Act Information Security as examples if applicable).
QUALIFICATIONS:
EDUCATION: A bachelors degree in marketing business or related field. Experience may be used in lieu of education accepted.
EXPERIENCE: Five plus years experience in product development/management preferably in a financial institution with emphasis on quantitative and qualitative research and competitive data analysis. Expertise with MS Office Professional and all member delivery channels required. Proficiency in most if not all; SQL Word Excel PowerPoint Access relationship data warehouses and MCIF.
KNOWLEDGE SKILLS AND ABILITIES: Must know product development and product management processes. Strong analytic and critical thinking skills and an understanding of competitive analysis and benchmarking methodologies. Ability to obtain analyze and communicate information. Possess strong interpersonal and problem solving skills and creativity. Ability to take a project from conception to roll-out and evaluate the process for future improvement. Ability to work collaboratively to turn raw research data into actionable plans for managements consideration. Exceptional written oral and presentation communication abilities and able to work with all levels of the credit union.
PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job the employee is regularly required to stand; walk; use hands to finger handle or feel objects tools or controls; and talk or hear. The employee frequently is required to reach with hands and arms. The employee is frequently required to sit stoop kneel or crouch. The employee must frequently lift and/or move up to 25 pounds and be capable of transporting related supplies and equipment. Specific vision abilities by this job include vision distance vision color vision peripheral vision depth perception and the ability to focus.
Compensation information: Offers are based on experience and education.
$84427.20 - $105539.20 annually
APGFCU provides comprehensive benefits such as: medical and dental (shared expense) vision 401(k) life and disability insurance flexible spending account employee assistance program referral program educational assistance holidays annual leave and sick leave.
APGFCU is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race color religion sex national origin disability to Protected Veteran status. Please use the attached link to view the EEO law poster is committed to working with and providing reasonable accommodations to persons of all abilities including persons with disabilities. If you need a reasonable accommodation for any part of the employment process please send to the Human Resources Department and let us know the nature of your request and your contact information. Reasonable accommodations are considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodations will be responded to from this e-mail address.
Required Experience:
IC
Employment Type
Full-Time
