Payment Solutions Manager

Fifth Third Bank • OH

101d • $152,100 - $327,000

About The Position

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. GENERAL FUNCTION: Owns and actively manages all aspects of the product line P&L with an emphasis on sales delivery and execution. Sets strategic direction and underlying strategic initiatives that will support that strategy. Partner with Product and TM leadership on three-year strategic plans, quarterly strategic reviews (including executive summary/strategy section of large proposals). Owns and actively manages the financial plan for commercial card. Continuously reviews and explains variances/changes to quarterly numbers and long-term(3-year) numbers. Manages the Strategic Account Manager, Treasury Solution Consultants and the Card Enablement Team to deliver to achieve financial and client experience goals. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

• Undergraduate degree or MBA (preferred) or commensurate experience.
• 10-15+ years in the discipline of sales and product management with responsibility for P&L management.
• Full understanding of the profit dynamics of the product line will impact the product's P&L.
• Creative and bold thinker.
• Experience in managing an organization/business transformation.
• Defined vision and managed organizational change to achieve that vision.
• Has in-depth knowledge of the markets and clients who utilize the solution.
• Can segment and prioritize key market segments and clients to ensure profitable sales.
• Has clear understanding of client/sales relationship issues (outside the solution) and understands how the solution is linked/related to other services the client is purchasing from the bank.
• Strong client presentation skills.

Responsibilities

• Identify opportunities to broaden product feature/functionality and drive product development based on market and competitive intelligence.
• Partner with Product Management to build business case for strategic investment and manage the ready-to-launch process including legal, risk and marketing plans.
• Identify opportunities to expand product reach vertically (deeper penetration) or horizontally (expand value proposition) via working with Business Development.
• Establish pricing strategy and P&L goals for the solution line with product management.
• Manages the sales execution of all product strategic initiatives: integrating with Playbook and the Commercial delivery channel.
• Developing sales plans and client pitch presentations and inspects Sales force effectiveness to ensure strong solution performance.
• Adjusts strategy and strategic priorities due to changes in market conditions, technology, or the competitive landscape.
• Spends approximately 25-30% in direct contact with clients and/or sales.
• Articulates to internal business partners (tech, ops, Commercial Sr Bankers, Executive leadership) the business strategy and the relationship to key ops and tech initiatives.
• Gains cross-functional buy-in to overall business plan.
• Prioritizes based upon strategic P&L value to the business.
• Work closely with product and marketing communication to plan all external-marketing activities including Brochures, PR (interviews) articles in trade journals, client conferences.
• Manages the annual planning Sales and Revenue with focus on profitability and risk management.

Benefits

• Comprehensive benefits and differentiated compensation offerings.
• Incentive compensation plan based on company, line of business and/or individual performance.
• Programs designed to support the individual needs of employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

• Job Type: Full-time
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees