What are the responsibilities and job description for the Banking Product Manager - Des Moines or Cedar Rapids position at ADP Workforce Now?
There are important qualities you look for in an employer – meaningful work, community engagement, competitive benefits, commitment to employee development, and so many more. At Bankers Trust, our team members experience an inclusive and community-focused culture and we’re proud of the premier workplace we’ve created. We regularly receive best in class results through our biennial employee engagement survey. We’re also proud to receive recognition from others, including our designation as a “Best Place for Working Parents®,” being a four-time recipient of the Greater Des Moines Partnership’s Inclusion Award, and being named one of the “Best Businesses Supporting Local Charity” by readers of the Business Record.
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).
EQUAL OPPORTUNITY EMPLOYER
“PROTECTED VETERANS” AND “INDIVIDUAL WITH DISABILITY”
Salary : $78,000 - $92,000