Deposit Pricing and Product Lead Analyst - Regional Bank: Onsite, All Huntington Markets

Huntington National Bank•Detroit, MI

9d•Onsite

About The Position

Responsible for the design & implementation of deposit pricing strategy for Regional Banking interest-bearing deposit products. Goals include achieving interest expense and profitability targets for Huntington Bank, while growing deposit balance at the lowest cost. Interpret and forecast business-driver trends: current and future. Independently evaluate previous month's results to plan; review product-rate driver trends and update economic scenarios and forecasts for the current month, quarter and year. Monitor progress weekly: competitor's rates and advertisements, economy, Huntington's balances-revenue, plan targets, balances at risk, product driver trends, and optimal pricing targets. Communicate changes to scenarios, risks, rates, positioning, financials, trends and other analysis within regular meetings, emails, updates to partners and communication channels. Partner with other disciplines sharing insights from competitor, price elasticity and break-even analysis for enhancing sales, cross-selling, and client retention initiatives. Manage exception pricing process for Regional Banking clients. Drive analytics required to find customer & sales insights needed to effectively craft and implement pricing strategy.

Requirements

Bachelor's Degree
7 years of product development, deposit pricing, forecasting, and/or finance experience.

Nice To Haves

Financial services experience, preferably in a Deposits-related role.
Master’s degree
Strong and creative analytical skills, competence/confidence in pulling and analyzing data, and translating the analyses into actionable strategies and tactics.
Strong decision making and negotiation skills and ability to provide rate solutions/strategies that work for the bank and for bankers.
Knowledge of methods for effectively measuring, analyzing, planning and monitoring financial market trends, competitor trends and Huntington's revenue and balance sheet trends.
Experience in collaborating with partners and peers in treasury, finance, technology, marketing, sales and vendors.
Experience planning and executing multiple projects in a timely and efficient manner.
Capability of utilizing business acumen and knowledge of business drivers for assessing market conditions and forecasting revenue and pricing actions.
Effective written and verbal communication skills.
Technical skills: SAS, Price Elasticity modeling software, Essbase, Microsoft Office suite.

Responsibilities

Design & implementation of deposit pricing strategy for Regional Banking interest-bearing deposit products.
Achieving interest expense and profitability targets for Huntington Bank, while growing deposit balance at the lowest cost.
Interpret and forecast business-driver trends: current and future.
Independently evaluate previous month's results to plan; review product-rate driver trends and update economic scenarios and forecasts for the current month, quarter and year.
Monitor progress weekly: competitor's rates and advertisements, economy, Huntington's balances-revenue, plan targets, balances at risk, product driver trends, and optimal pricing targets.
Communicate changes to scenarios, risks, rates, positioning, financials, trends and other analysis within regular meetings, emails, updates to partners and communication channels.
Partner with other disciplines sharing insights from competitor, price elasticity and break-even analysis for enhancing sales, cross-selling, and client retention initiatives.
Manage exception pricing process for Regional Banking clients.
Drive analytics required to find customer & sales insights needed to effectively craft and implement pricing strategy.