Unified Payables - Product Manager

U.S. Bank•Minneapolis, MN

3d•Hybrid

About The Position

The Product Manager, Unified Payables, is the dedicated, hands-on product owner for U.S. Bank’s Unified Payables offering for middle-market clients. The offering brings together invoice workflow, supplier onboarding, multi-rail payment execution, ERP connectivity, and reconciliation in one bank-backed experience. This individual contributor turns strategy into a product that ships and sells by defining requirements, leading client discovery, shaping packaging and pricing, and equipping Sales. It is a build-stage role focused on moving quickly, making data-driven decisions, and competing with accounts payable and bill pay platforms. The role owns product requirements, backlog priorities, and release plans, and defines the end-to-end client journey. It works with clients, Agile delivery teams, Technology, Architecture, Pricing, Finance, Sales, Legal, and third-party partners to validate, build, launch, and commercialize the product. The Product Manager also oversees product measures and market insight, supports integration and partner decisions, and helps ensure regulatory, payment-network, bank-policy, fraud-prevention, auditability, and vendor-risk needs are addressed. The role requires working onsite at a U.S. Bank location three or more days per week.

Requirements

Bachelor’s degree or equivalent work experience.
Typically eight or more years of relevant experience.
Strong product management, design, and development skills, including writing clear requirements and user stories and working with Lean/Agile delivery teams.
Considerable knowledge of product/program development, pricing, implementation, and strategic analysis.
Strong financial and competitive analysis and computer skills, including business-case development and product profitability analysis.
Demonstrated marketing and marketing research skills, including client research and data-driven decision-making.
Technical marketing skills and experience building sales enablement, demos, and go-to-market materials.
Excellent verbal, written communication, and presentation skills.
Demonstrated leadership and interpersonal skills, including the ability to influence without direct authority across a matrixed organization.

Nice To Haves

Product management experience in accounts payable automation, bill pay, integrated payables, commercial card, treasury management, or B2B payments at a financial institution, fintech, or payments software provider.
Expert knowledge of procure-to-pay and accounts payable workflows, including invoice capture, approvals, supplier onboarding and vendor management, payment execution, and reconciliation.
Working knowledge of payment rails (ACH, wire, check, virtual card, RTP, and FedNow) and ERP and accounting-system integration and APIs.
Experience applying AI and automation to accounts payable workflows, such as invoice capture, exception handling, and payment optimization, or using AI tools to speed up discovery and prototyping.

Responsibilities

Own product requirements, backlog priorities, and release plans for the Unified Payables minimum viable offering and later releases, aligned with the portfolio vision.
Define the end-to-end client journey across invoice intake and approvals, supplier onboarding and validation, payment execution and routing, remittance delivery, and ERP posting and reconciliation.
Translate client and business needs into epics, features, user stories, and acceptance criteria; partner with Agile delivery teams through refinement, planning, testing, and launch.
Define OKRs and success measures, including client wins, adoption, paper-to-electronic conversion, straight-through processing, and revenue per client, and report performance.
Lead client interviews, surveys, and voice-of-client work with middle-market accounts payable, treasury, and finance leaders, translating findings into prioritized requirements.
Track competitors and recommend where to match, differentiate, or partner.
Build personas, journey maps, and prototypes, including AI-assisted prototypes, to validate concepts with clients and stakeholders.
Develop packaging, bundling, and pricing recommendations with Pricing and Finance and take them through product governance.
Create sales enablement materials, including positioning, demo flows, playbooks, FAQs, and training for relationship managers and treasury management consultants; support client campaigns and cross-selling between TPS and CPS client bases.
Serve as the product subject matter expert for RFPs, client meetings, implementations, and escalations.
Track pipeline, wins, and adoption, and use results to adjust the roadmap and go-to-market approach.
Partner with Technology and Architecture on ERP and accounting-system integrations, APIs, and payment orchestration across existing TPS and CPS capabilities.
Support build, buy, and partner analysis, including fintech and vendor evaluations and business-case inputs.
Help combine overlapping products and capabilities into one coherent offering with a single client experience.
Ensure the product meets federal and state regulatory requirements, payment-network and Nacha rules, and bank policy; coordinate legal review of client-facing collateral and documentation.
Build fraud prevention, supplier bank-account validation, and auditability into product design.
Manage product risk and third-party vendor oversight through bank risk-management processes.

Benefits

Healthcare coverage, including medical, dental, and vision.
Basic term and optional term life insurance.
Short-term and long-term disability insurance.
Pregnancy disability and parental leave.
401(k) and employer-funded retirement plan.
Paid vacation of two to five weeks depending on salary grade and tenure.
Up to 11 paid holiday opportunities.
Adoption assistance.
Sick and Safe Leave accrual of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law.
Incentive and recognition programs.
Equity stock purchase.