Eastern Bank
Deposit Pricing Product Manager IV
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Job Description
- Req#: 3425
- Design, recommend and implement deposit pricing strategies through detailed analytics and supporting documentation to meet company-wide deposit growth goals - this includes developing pricing recommendations and presenting those for review and approval by governing committee.
- Track performance of deposit balance trends (vs plan) bank-wide and across business lines.
- Conduct in-depth analysis of market trends, competitor pricing, and customer behavior to provide insights and pricing recommendations.
- Support Product team with any regularly scheduled or ad-hoc pricing analysis requests.
- Produce regular reporting and presentations for senior leadership on pricing effectiveness, forecasts, and any ad-hoc analysis requests.
- Implement approved pricing strategies i.e. building interest plans, changing rates, updating internal and external facing pricing materials, and drafting and sending related communications.
- Collaborate with Product, Finance, Business Lines, Marketing and Compliance to implement deposit pricing strategies.
- Partner with Technology and Operations to execute pricing changes and optimize pricing configurations.
- Responsible for developing and/or maintaining all controls and documentation, policies, procedures related to Pricing.
- Participate in audits, risk assessments, and policy reviews as needed.
- Bachelor’s degree in business, finance or related field.
- 8+ years of experience in product management, Pricing, business analysis, or a related role in banking or financial services.
- Deep understanding of pricing theory, price elasticity, margin optimization and competitive benchmarking.
- Demonstrated experience in developing and managing product pricing strategy across consumer and commercial segments.
- Familiarity with ALCO processes and P&L analysis to assess profitability impact of pricing changes. Strong analytical and quantitative skills, with experience in pricing optimization.
- Experience in BI extraction tools such as SQL is a must. Expert-level Excel skills including advanced formulas, pivot tables, scenario analysis, and modeling.
- Experience in creating dynamic, visually intuitive dashboards using PowerBI or Tableau.
- Exceptional ability to craft clear, compelling narratives and strategic pricing recommendations tailored for executive audiences. Proven experience developing high-impact PowerPoint presentations.
- Proven ability to navigate and influence cross-functional environments.
- Strong communication and organizational skills, with attention to detail and follow-through.
The Deposit Product Pricing Manager is responsible for developing, implementing, and managing deposit pricing strategies to support the bank’s overall strategic objectives. This role plays a critical part in optimizing the bank’s deposit portfolio, balancing profitability and deposit funding needs. The ideal candidate must possess a blend of analytical skills, strategic thinking, market understanding and attention to detail.
Key Responsibilities:
Qualifications:
About the company
Eastern Bank is a bank based in Boston, Massachusetts.
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