Deposit Product Analyst

About the role

The Product Analyst reports to the Deposits Product Manager and supports deposit product and pricing initiatives that advance enterprise goals and roadmap. This includes development and regular delivery of reporting, testing for product changes and launches, project management support for new product rollouts, and analysis of product performance and profitability. The role involves supporting the execution of the overall business strategy, including production expectations, performance, profitability, and compliance.

A Product Analyst requires critical thinking, a financial services background, strong communication, and cross-functional collaboration skills. The role plays an important part in ensuring successful product delivery.

Supervisory Responsibilities

Supervision Received: Moderate (from Deposit Product Manager)

Supervision Given: None

Responsibilities

• Support development of new products, modification of existing products, and integrated project launch plans via testing, reporting, and cross-functional coordination with teams including sales, marketing, finance, compliance, operations, and IT.
• Understand aspects of product lines, including compliance, regulations, operations, systems, sales, marketing, delivery, and technology.
• Work with Product Managers to ensure product initiatives achieve deposit and loan growth plans and meet annual profitability targets through accurate and timely analyses.
• Review and report on the financial impact of new product development, pricing strategies, program launches, and customer segmentation.
• Support the development of product activity dashboards and perform analytical product summaries using historical and competitive data for loan, deposit, and fee-based products.
• Provide statistical support for the development and design of new products, reports, and marketing programs (e.g., relationship management materials, segmentation packaging) to improve EPS.
• Maximize product profitability and EPS by supporting the maintenance of competitive and profitable fee-based services, loan, and deposit product suites.
• Assist in developing a competitive marketing database, including maintenance and analysis of competitive rates (e.g., fee-based services, deposits, loans) and marketing programs.
• Participate in forecasting, performance measurement, monitoring, and overall client experience and impact analysis.
• Perform other duties as assigned; responsibilities may change or new ones may be assigned at any time.

Requirements

• Associate’s degree in Data, Business, Accounting, or a related field.
• 1+ years of general banking experience.

Skills

• Analytical ability to interpret data and present it in a meaningful, easily understood form.
• Experience working extensively with spreadsheets to analyze financial data, predict future costs, revenue, and profitability with support from internal finance teams.
• Excellent written and verbal communication skills.
• Ability to support team members in achieving their goals.
• Strong project management skills, including experience managing business initiatives across groups.
• Excellent organizational skills with the ability to manage multiple priorities and meet deadlines.
• Knowledge of bank products and services, including digital banking features and technologies.
• Proficient in Microsoft Office with the ability to learn and utilize new and existing banking software applications.
• Ability to collaborate with all levels of staff and share ideas to achieve company-wide results.
• Drive to succeed and commitment to continuous improvement of internal and external experiences.

Physical Requirements

• Able to regularly sit for prolonged periods of time.
• Occasional travel within the corporate footprint.
• Extensive computer usage is required.

Benefits

• Medical, Dental, and Vision Insurance
• Health Savings Account
• Flexible Spending Account(s)
• Company Paid Life Insurance, Long Term Disability, and Short Term Disability
• Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
• Tuition Reimbursement
• Employee Referral Program
• Wellness Reimbursement Program
• Star Volunteer Program
• Employee Banking and Financial Perks
• Paid Time Off (PTO)
• Company Paid Holidays

Compensation offers are based on relevant skills, training, experience, education, and market and organizational factors. Successful candidates may be eligible for cash or equity-based incentives based on role and performance.