Product Development Analyst- Reno

United Federal Credit Union • Reno, NV

11d

About The Position

The Product Development Analyst will provide timely financial, operational, and technical measurements to support the Product Department and leadership in making informed, strategic decisions. This role is instrumental in evaluating product pricing, portfolio performance and promotional effectiveness. The Product Development Analyst leverages an understanding of member needs, the competitive landscape and business goals to provide management with reports/analyses to assist with product strategy across all product lines owned by the Department.

Requirements

• Bachelor’s degree in finance or business-related field, or two years of related work experience required.
• Three years of analytical experience is required.
• Proficiency in the use of spreadsheets, databases and management reporting and general ledger systems.
• Demonstrated attention to detail and skills in prioritizing and organization of work.
• Good communication skills – both listening and presentation and the ability to effectively write correspondence and memos.
• Demonstrated skills in analysis and reporting including the ability to analyze and interpret financial ratios and statements and to interpret government regulations.
• Advanced analytical and problem-solving skills.
• Resourcefulness in gathering, analyzing, and reporting information.
• Accuracy in compiling data with attention to details.
• Ability to meet deadlines in fast-paced environment and changing corporate priorities.

Responsibilities

• Develops processes to systematically monitor and analyze industry and competitive trends in product pricing, internal pricing margins, and balance sheet objectives. Evaluates economic factors affecting product costs and pricing. Measures pricing competitiveness across Consumer and Business product lines using data from paid sources, independent research, and internal systems.
• Evaluates, develops, and enhances pricing processes including the communication, approval, and execution of pricing and product decisions for assigned loan, deposit, and ancillary products. Collaborates with Finance, Sales, IT and Product/Marketing leadership to ensure all pricing changes are completed accurately and promptly.
• Delivers monthly product reporting, including dashboards, ALCO price change documentation, and departmental reports on product growth trends, performance, activation, and usage.
• Builds portfolio and product-level insights. Identifies and analyzes gaps and opportunities. Assists with recommendations and coordinates the on-time delivery of approved efforts.
• Participates in the development and execution of marketing product strategies.
• Assists with product life cycle management of assigned products including monitoring industry trends, analyzing competitor product strategies, staying abreast of vendor and technology advancements and offerings, and maintains product plans. Identify opportunities to automate recurring reporting and analysis tasks to improve efficiency and accuracy.
• Conduct analyses as necessary in support of key business metrics and strategic objectives.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees