Senior Pricing Associate

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Job description

Description Job Family: Product Development & ManagementResearches, develops and implements competitive pricing programs and/or banking products and services for various lines of business to appropriately price based on risk, deposit, or credit goals while maintaining profitability. Continuously monitors the market and competitor strategies to ensure pricing is in line to provide consumers and/or clients a fair price while maintaining market share and/or deposit levels. Plans, directs and facilitates all phases of the pricing strategy changes from inception through introduction into the marketplace. Ensures products meet regulatory and industry standards.Job Function: Product DevelopmentResearches, develops and implements competitive banking products and services for the consumer, small business and corporate markets to maximize profits. Translates technological advances and consumer needs into usable and marketable products. Plans, directs and facilitates all phases of the product life cycle, from inception through introduction into the marketplace. Ensures products meet regulatory and industry standards.Summary of Responsibilities:The Sr. Associate, Pricing prepares reporting and analysis and assists in implementing corporate pricing strategies to increase gross profit by maximizing price through a combination of opportunistic pricing (high end) and standardization (low end) while optimizing market share.Essential Functions:Leads efforts to provide detailed quantitative analyses in support of identifying and vetting new opportunities to drive the organization's revenue and mitigate risk.Supports global pricing strategy development and refinement, including global pricing opportunity identification and pricing change planningManages rate change opportunity vetting and forecasting, including but not limited to business case and stakeholder impact assessment development on Annual Operating Plan/Multi-Year Plan from proposed new fees/services and/or rate modificationsWorks within cross-functional team and product/service owners to drive pricing development for new products and servicesBuilds and maintains business landscape knowledge while sharing insight with other associates to provide foundational context for pricing initiativesDrives relationships among business groups across the organization and works with business leaders in pricing, interchange, finance, product and technology teams to implement new pricing programsMonitors compliance activities on interchange rate programsOther Functions:Other duties as assigned.Requirements:Education -Bachelor's Degreeor equivalent work experienceExperience -9-12 years Pricing and/or pricing processes experience.Skills & Abilities - Strong background in accounting, financial modeling and forecastingBalance of strategic and executional skillsProven ability to establish and leverage credibility and rapport with peers and senior executives across disciplines and levelsTrack record of successfully delivering results across organizational boundariesAbility to facilitate and communicateStrong communication and presentation skills with keen business acumenPersonal presence and ability to clearly communicate compelling messages in written and verbal communicationsProven ability to lead cross-functional teams through influence versus direct management; excellent interpersonal skills.Superior communication and analytical skills, including strong ability to identify and solve ambiguous problems.Excellent customer experience intuition; demonstrated success in creating innovative and user-friendly software applications and customer-facing features.Overall proficiency with MS Office (Outlook, Word, PowerPoint); Advanced MS Excel skillsData-driven, experience in customer behavior analysis to drive product insights, including experience with web/mobile analytics platforms/tools.Attention to detail, excellent organization, ability to prioritize work load and meet deadlinesExcellent written and verbal communication skillsDemonstrated ability to implement procedures and guidelinesRigorous and focus on resultsCustomer-focusedPatient, willing to learn new skillsStrong intellectual curiosity and affinity for numbersAnalytical and organized with relentless attention to detailHighly motivated individual with ability to convey a sense of urgency and drive issues/projects to closureCompetencies:Influence - Information Sharing:Advanced - Leading and GuidingEnsures people receive the information they require, and brings the team together to share informationChange Orientation - Flexibility:Advanced - Leading and GuidingAnticipates the impact of change and creates an environment where change can be initiated with minimal disruptions and negative impactHelps people to understand how proposed changes will affect them and the organizationProblem Solving - Resourcefulness:Advanced - Leading and GuidingEnsures required resources and skills are in place to maintain smooth day-to-day operations and tackle arising problemsCustomer Focus - Customer Understanding:Advanced - Leading and GuidingStays up-to-date with needs, preferences, trends and practices which impact customersActs as a role model by being a source of advice and knowledge regarding customer issuesRisk Management - Continuous Process Improvement:Advanced - Leading and GuidingDesigns, develops and drives the adoption of risk management policies, processes, and proceduresApplies advanced skills in operational processes and uses it to improve work efficiency and qualityRisk Business Acumen - Industry Acumen:Advanced - Leading and GuidingKeeps up -to-date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organizationCan identify functional and organizational implications associated with major trendsDesigns solutions to address industry activities that impact the organizationRisk Business Acumen - Financial Command:Advanced - Leading and GuidingConsiders multiple business and financial factors when weighing the merits of alternative risk strategiesHas extensive experience in interpreting and analyzing a variety of financial data to diagnose significant or unusual operational risksWorking Conditions:Frequently: Minimal physical effort such as sitting, standing, and walking.Occasional moving and lifting of equipment and furniture is required to support onsite and offsite meeting setup and teardown.Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.Employer's Rights:This job description does not list all the duties of the job. You may be asked by your supervisors or managers to perform other duties. You will be evaluated in part based upon your performance of the tasks listed in this job description.The employer has the right to revise this job description at any time. This job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.To be considered eligible for internal posting, Santander employees must meet all of the following eligibility requirements:Completion of at least one year of active service in SantanderCompletion of at least twelve months in current positionBe in "Good Standing"Please click here to see the full policy- Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply. AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO