Consumer Lending Data Analyst

Fifth Third Bank•Cincinnati, OH

15d•Onsite

About The Position

This position is based in Cincinnati, Ohio and requires 4 days in the office at the 5/3 Bank Madisonville Office Building. Remote work is not an option. The role focuses on data analytics for the home equity line of business. The primary responsibility is developing analytics and reporting to help the line of business manage its pricing strategy, aiming to meet or exceed revenue goals and capitalize on market share in alignment with corporate objectives. The role emphasizes providing value-added analysis and recommendations to support business growth. The individual is responsible and accountable for risk management through open communication, elevating concerns, and adhering to policies and procedures. They must ensure actions and behaviors drive a positive customer experience and manage, monitor, and report risks within the Bank's risk appetite.

Requirements

Bachelor's Degree in Statistics, Mathematics, Economics, or equivalent experience required
3-5 years experience in retail, analysis or pricing preferred
Proficient in a wide range of analytical, quantitative, and statistical techniques and tools to derive insights from large, complex data environments
Exceptional ability to extract strategic insights from large data sets
Office computer skills required; preference for Microsoft application experience
Advanced Excel skills required
Experience with statistical analysis software packages (e.g., SAS) required
Excellent communication skills: listening, verbal and written
Strong organizational, planning, and time management skills
Strong work ethic complemented with a positive, can-do attitude
Ability to learn company systems and tools

Responsibilities

Lead the development and implementation of best practice pricing by creating and defining the tools, process, guidelines, and standardized reporting that will help define a pricing strategy, set prices, and execute pricing plans to achieve revenue, profit and market share goals.
Collaborate with internal partners to develop process and analytics that are needed to strengthen baseline pricing recommendations that drive bottom line results.
Ensure timely & actionable reports are provided to leadership team, on routine or ad-hoc basis, that story tells product positioning through data visualization and quantitative and qualitative analysis.
Produce reporting that helps the LOB operate and monitor performance and KPIs related to profitability production, as well as provide forecasting of future performance.
Conduct competitive analysis to assess competitor impacts to localized pricing and promos, market share, and product features / benefits.
Define data requirements and resources to support analysis and reporting of overall pricing effectiveness.
Synthesize and interpret pricing analytics and present recommendations.
Update and monitor pricing posted and communicated across multiple channels.
Support continuous improvement of pricing processes.
Apply advanced analytical thinking to key pricing issues, including but not limited to the development of demand curves and price elasticity calculations.
Improve the use of predictive analytics to proactively manage price.
Ensures daily pricing in systems is consistent with published rates, importing pricing information and verifying accuracy.
Quantify value of products against competitor offerings.
Create an executive reporting dashboard to communicate impact of pricing decisions.