VP, Transaction Banking - Billing Product Manager / Data Analysis

MUFG•Jersey City, NJ

1d•$135,000 - $155,000•Hybrid

About The Position

This role is responsible for helping drive the management and data analysis of billing related to the bank’s Transaction Banking / Cash Management products, which includes account analysis, pricing, and financial impact analytics. Additionally, the role includes understanding the treasury management fee competitive landscape and determining strategies to further commercialize the product suite to increase top line revenue, and contribute to net margin of the Transaction Banking business. Candidates are required to have direct work experience and good functional knowledge of Transaction Banking / Cash Management products, such as payments, collections, digital channels, and deposit products. The candidate should also understand product billing and pricing structure and processes to be able to understand billing structures and produce detailed quantitative analysis reports and estimates. Candidates are also required to have advanced Excel quantitative data analysis / ETL (Extract, Transform, Load) skills to be able to reconcile data across a high number of data sources and create estimates / pricing modeling. The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day.

Requirements

Typically requires B.A. or B.S. or equivalent experience: MBA a plus.
A minimum of 6-8 years of experience working with Transaction Banking / Treasury Management products
Advanced technical skills required related to Excel (acros, complex formulas, pivots, etc.), comparators tools
5+ years of technical quantitative analysis / ETL
5+ years of banking experience in billing and pricing
Strong financial reporting & analytics experience.
Strong interpersonal oral and written interpersonal communication skills, and matrix management skills.
Strong strategic and project planning with an execution track record.
Advanced knowledge of technical projects from Requirements to User Acceptance planning and testing (UAT), to Solution Go-Live.

Nice To Haves

Financial Services strongly preferred.

Responsibilities

Product Management for billing of Transaction Banking products
Product strategy: Participate in efforts to identify billing / pricing needs across the TB suite of products across target customer markets. Collaborate with other TB product managers to clarify billing and pricing requirements for their products.
Pricing reviews: Interface with sales to review and approve exception pricing requests.
Product management: Maintain product documentation / fee schedules, TB procedures, proforma, and forms.
Product profitability and pricing: Provide analytical support for strategic and tactical decision making and business reviews. For executive presentations, identify volume and revenue trends and their sources, with forecasting. Partner with Relationship Managers, Client Service officers, and TB Treasury Relationship Managers as appropriate to drive revenue growth and identify impacts to product financials.
Partner with key stakeholders: Act as primary point of contact related to billing and pricing with key stakeholders. Respond to questions and requests from Operations, Technology, TB Service and TB Sales. Serve as an escalation point for complex customer service issues. Perform triage of billing / pricing related issues.
Communications: Create communications for internal staff, senior management, and clients related to billing / pricing. Leverage existing product and organizational strengths to achieve stated business objectives including effective risk management. Drive billing / pricing improvements for customers and for internal processes Leverage solutions across multiple markets to improve time to market. Create a consistent customer experience and manage delivery cost
Billing – Detailed Data Review & Analysis Perform detailed quantitative data analysis at an ETL engineer level to produce detailed data analysis and estimation based on complex pricing and billing data across multiple data sources
Serve as a key participant in life cycle activities such as business requirements definition, user acceptance testing, drafting marketing and sales support materials, developing operating procedures, and representing the business to operational, project and technology teams.
Understand drivers of treasury management income including ECR, fee income, NII, and inform leadership of areas of opportunity.
Focused on revenue growth, including annual review of standard and exception fees for Transaction Banking.
Actively ensure compliance with all rules and regulations including Patriot Act, CIP requirements, and other applicable regulatory and compliance policies and procedures.