Principal Product Manager

About the role

Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin, bringing together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. The culture promotes meaningful work and professional development, with a flexible, hybrid work environment and excellent benefits.

This position is a visionary leader responsible for setting the strategic direction and long-term vision for a portfolio of products. The incumbent conducts advanced market analysis, anticipating industry trends, and defining comprehensive product strategies that align with organizational objectives. Collaborates with senior leadership and cross-functional teams, including engineering, marketing, and sales, to deliver innovative products that lead market segments and drive substantial business growth. Oversees the entire product lifecycle, focusing on strategic impact and thought leadership, while mentoring other product management professionals.

Responsibilities

Product Strategy and Development

• Oversees the strategic development and enhancement of products, ensuring prioritization aligns with long-term business goals and client needs.
• Evaluates and defines optimal placement and integration of products within the digital ecosystem to maximize functionality and strategic impact.
• Leads the planning and execution of significant functional changes to improve user experience, utilizing advanced competitive analysis to guide design decisions.
• Develops and steers comprehensive product roadmaps, integrating insights from market research, client feedback, and business imperatives.
• Ensures collaboration with internal development teams to meet strategic business results and timelines.

Integrated Product Leadership

• Leads collaboration with other associations and advocates for shared needs and alignment with strategic product strategies.
• Conducts strategic product reviews, utilizing data-driven metrics for continuous improvement and strategic decision-making.
• Leads and mentors cross-functional teams spanning development, marketing, sales enablement, and data analytics to ensure cohesive and strategic product execution.
• Strategically coordinates with sales teams to understand platform usage in client engagement and refine features to align with sales strategies.
• Develops and oversees metrics to measure product usage, adoption, and ROI for informed strategic decision-making.
• Collaborates with the Client Care Team to ensure product support needs are met, maintaining high client satisfaction.

Business and Client Value Realization

• Develops, prioritizes, and tracks strategic business needs or "jobs to be done" (JBTD) across multiple business units to ensure alignment with organizational objectives.
• Assesses and communicates the strategic value of each JTBD across client segments, ensuring stakeholders understand the impact and benefits of product initiatives.
• Identifies significant opportunities to expand digital usage, aiming to enhance client satisfaction and loyalty through targeted innovations.
• Strategically manages technical debt alongside new feature development to ensure long-term product sustainability and continuous improvement.

Data and Analytics Integration

• Collaborates with data teams to incorporate relevant datasets into platform capabilities for strategic insights.
• Develops and implements advanced strategies for data integration from multiple sources, ensuring data quality and relevance.
• Works with analytics teams to implement advanced visualization tools and identify strategic opportunities to enhance product value through data insights.

Requirements

• Bachelor’s degree in business or computer science or related field or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
• Minimum of 10 years of product management experience, with a proven track record in leading strategic initiatives and managing complex product portfolios.
• Experience in an agriculture and/or financial institution, preferred.
• Expert skill managing financial products including on-line banking, invoicing, payment.
• Expert experience managing large-scale projects and complex