Deposit Pricing Lead Analyst - Regional Banking

Huntington National Bank•Atlanta, GA

1d•$93,000 - $189,000•Onsite

About The Position

This position is responsible for the design and implementation of deposit pricing strategy for Regional Banking interest-bearing deposit products. The goals include achieving interest expense and profitability targets for Huntington Bank, while growing deposit balance at the lowest cost. The role involves interpreting and forecasting business-driver trends, evaluating previous month's results to plan, reviewing product-rate driver trends, and updating economic scenarios and forecasts. It also includes monitoring competitor rates and advertisements, economy, Huntington's balances-revenue, plan targets, balances at risk, product driver trends, and optimal pricing targets on a weekly basis. The analyst will communicate changes to scenarios, risks, rates, positioning, financials, trends, and other analysis through regular meetings, emails, updates to partners, and communication channels. Additionally, the role partners with other disciplines to share insights from competitor, price elasticity, and break-even analysis for enhancing sales, cross-selling, and client retention initiatives. The analyst will manage the exception pricing process for Regional Banking clients and drive analytics to find customer and 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

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.