Liquidity Product Manager I
at Truist Bank
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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Responsible for managing the strategic and tactical aspects of assigned product portfolio to meet the needs of our targeted commercial markets and the strategic goals of Treasury Solutions. A product manager is responsible for managing product lifecycle processes including ideation, strategy creation, development, management, marketing, communication, commercialization, profitability, sales support strategies and ongoing monitoring and risk management.
Essential Duties and Responsibilities
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Plan, promote, manage and coordinate activities for assigned product portfolio and ensure synergy with related product line managers to meet objectives.
2. Manage product line direction through ongoing assessment of current products, pricing, and position.
3. Systematically develop and evaluate opportunities for new products and/or lines extensions; identify new target markets and related strategies.
4. Support development of new products and/or line extensions as required pursuant to pre-established product development processes.
5. Manage development, execution and maintenance of product profit and loss and product family business plan that provides current market information, including sales and gross profit margin history, year to date actuals and projections, key market position, sales channels and competitive strategies, pricing, market share, and product lifecycle and evolution plans.
6. Provide and/or present monthly, quarterly and annual product line update reports, as directed.
7. Encourage continuous process improvement by developing ways to assess and maximize opportunities for change.
8. Manage development of clear pricing strategies, discount structures, and guidelines for all sales channels and target markets; analyzes market data, competitive data, segment data, revenue/cost/profitability data and product/product line strategy.
9. Manage development of volume forecasts based on historical trends, market environment, business plan and pricing strategy impacts.
10. Participate in the prioritization of development and promotional projects for the product line and partnership with sales partners.
11. Support sales through joint sales calls to key clients; proposal/bid volume pricing, development assistance; trade show support and conference calls.
12. Maintain awareness of the competition and other market forces affecting the product line, through effective networking and research.
13. Act as a mentor to junior product associates and analysts.
14. Adhere to and follow all applicable policies and procedures; proactively escalate issues and risks to senior leadership's attention.
Qualifications
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor's degree in related field or an equivalent combination of education and related work experience.
2. 5+ years of relevant fi
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