Director Product Management New Product Development, Consumer Lending

$188,700 - $230,800/Yr

Boeing

Full-time - Senior

1,001-5,000 employees

Transportation Equipment Manufacturing

About the position

The Director of Product Management for New Product Development in Consumer Lending at BECU is responsible for leading the creation and enhancement of innovative lending solutions that resonate with members. This role involves strategic vision, collaboration with cross-departmental teams, and leveraging industry insights to drive growth and member engagement. The director will oversee product strategies, manage product goals, and ensure alignment with organizational objectives, ultimately positioning BECU as a leader in consumer lending.

Responsibilities

• Drive the creation of consumer lending products that meet member needs and support growth targets.
• Lead the enhancement of current products and services to align with member needs and business objectives.
• Leverage research and competitive insights to identify member and product opportunities.
• Develop and oversee the vision, strategy, and roadmap for complex products and capabilities.
• Influence decisions within the context of complex capabilities to ensure alignment with strategic goals.
• Assess the existing product portfolio for new opportunities and recommend modifications based on member insights.
• Create product and pricing recommendations that align with strategic and financial objectives.
• Provide insights on competitive trends and innovative strategies to engage members.
• Ensure effective research, concept development, and delivery of products that enhance BECU's capabilities.
• Manage product goals and priorities across multiple capabilities, ensuring alignment with organizational objectives.
• Establish and monitor key metrics to track product and capability success, making adjustments as needed.
• Collect and assess lessons learned, adapting the vision and roadmap based on findings.
• Connect with necessary industry partners to bring new initiatives to life.
• Collaborate with User Experience and Design teams to enhance member and employee experiences.
• Provide mentorship and coaching at all levels, fostering growth and development within the team.
• Coordinate information sharing among team members to enhance collaboration and knowledge.
• Meet regularly with staff to provide feedback on goals and competencies, encouraging their growth.
• Take on additional responsibilities as assigned.

Requirements

• Bachelor's degree or equivalent work experience in a technology, business, or related discipline.
• Minimum 8 years of product management or equivalent experience.
• Minimum 5 years of people leader experience.
• Experience in developing, deploying, and supporting product and/or integrated suite of products.
• Experience with federal laws, rules, regulations that impact financial institutions industry.
• Experience overseeing all elements of the product development lifecycle.
• Experience leading cross-functional teams.
• Experience understanding and determining product strategies based on the voice of the customer.
• Experience managing and maintaining vendor relationships.

Nice-to-haves

• Advanced degree.
• Ability to proactively identify business and customer needs and opportunities, overcome barriers, and formulate solutions with minimal supervision.

Benefits

• Medical, dental, vision, and life insurance coverage.
• Disability and AD&D insurance.
• Health care and dependent care flexible spending accounts.
• Health savings accounts.
• 401k plan and employer-funded retirement plan.
• Accrual of paid time off (PTO) at 6.16 hours per pay period, up to a maximum of 160 hours per year.
• Ten paid holidays throughout the calendar year.