Director, Pricing Product Owner

$125,000 - $165,000/Yr

Webster Bank - Hartford, CT

Full-time - Senior

Hartford, CT

Credit Intermediation and Related Activities

About the position

The Director, Pricing Product Owner at Webster Bank is a senior-level role focused on managing the commercial pricing platform, PrecisionLender, within the Commercial Bank. This position is responsible for driving the execution and delivery of pricing strategies across all commercial lines of business, ensuring alignment with market dynamics and corporate objectives. The role emphasizes continuous improvement of the pricing platform, user support, and strategic optimization of the Commercial Bank's balance sheet for future growth.

Responsibilities

• Manage the Commercial Bank pricing platform, PrecisionLender.
• Manage vendor relationships to ensure the latest upgrades and updates are implemented.
• Provide user support across commercial lines of business and manage internal assumption sets to ensure alignment with market dynamics and corporate objectives.
• Work with internal data partners and key stakeholders to ensure accuracy and integrity of all commercial bank data within the platform.
• Implement enhancements within the pricing solution to create a holistic view of client profitability and ensure communication to impacted users.
• Create an end-to-end product roadmap focused on capability enhancements that drive improved pricing performance and enhanced user experience.
• Continuously refine user resources and drive consistency across all pricing guidance to ensure alignment with strategic direction.
• Make recommendations and implement changes as needed.

Requirements

• Bachelor's degree required.
• 5-7 years of pricing experience and pricing platform management.
• Experience at a large financial institution in Finance/Corporate Treasury, Commercial or Investment Banking, Strategy, or a combination thereof, preferably with exposure to risk-based pricing or underwriting processes.
• Proficiency in theoretical and practical accounting and finance concepts and techniques, including cash flow models, ROE, and economic capital.
• Strong strategic and tactical critical thinking skills with the ability to synthesize complex information.
• Ability to translate ambiguous concepts into concrete analytical and reporting deliverables.
• Strong interpersonal skills and ability to build relationships across the enterprise.

Nice-to-haves

• Experience with PrecisionLender is a plus.

Benefits

• Incentive compensation based on performance.