Product Director

Job description

Company Description

Vericast is the financial institution (FI) performance partner. We help banks and credit unions drive growth, improve efficiency, increase engagement and navigate change through the power of data, technology and people. Our advanced analytics, data-driven insights and integrated solution set enable better execution with agility, precision and scale. That’s why thousands of financial institutions look to Vericast and our 150 years of financial services expertise to help them achieve more. For more information, visit http://www.vericast.com or follow Vericast on LinkedIn.

Job Description

The Product Director - Consumer Lending Solutions is a process management position that manages the entire life cycle of product development for assigned products; involving strategy, planning, and project leadership to achieve business goals.

KEY DUTIES/RESPONSIBILITIES

• Lead Cross-functional Development Projects: Work as Project Lead on complex product projects (new or run-the-business) that involve Engineering and other Vendors or functions. Develop and execute project plans with clearly defined performance indicators. Report updates to stakeholders as needed. Cultivate strong relationships with cross-functional leadership internally and with clients and suppliers, as needed. Effectively influence others to adopt a course of action on critical, complex, or sensitive information. 25%
• Financial Review & Price Modeling: Conduct financial analysis to assess product viability, develop business cases with pricing models to support strategic investment decisions, and collaborate with finance teams to track profitability, mitigate financial risks, and optimize pricing strategies. Monitor product revenue performance, analyze sales pipeline trends, and leverage data-driven insights to refine monetization models and drive sustainable growth. 25%
• Set Strategy: Collaborate with the VP Product and senior leaders to develop product strategies aligned with financial goals. Support the conceptualization and execution of strategic business initiatives, including new product development, product line extensions, product enhancements, and partner programs. Provide thought leadership by anticipating industry trends and client needs, incorporating insights from Sales, clients, and other key stakeholders to drive product innovation. 15%
• Deliver Products to Market: For product features, betas, or other releases, lead support functions through the entire go-to-market process, assuring: operational alignment and documentation, pricing strategy, marketing collateral and product positioning, financial model, manufacturing plan, and Sales training. Serve as an ambassador for the product to internal and external audiences. 15%
• Evaluate Ideas: Evaluate product ideas within established processes to ensure the development of differentiated solutions that meet customer demand and align with business feasibility. Assess new opportunities through a strategic lens while ensuring compliance with financial regulations, industry standards, and data security requirements. Partner with legal, compliance, and risk management teams to navigate complex regulatory landscapes, mitigating risks while fostering responsible financial product innovation. Advocate for a balanced approach to growth, prioritizing security, consumer protection, and long-term sustainability. 10%
• Create + Communicate Roadmaps: Support the quarterly product roadmap planning processes to define product features/projects to be completed each quarter, working within capacity constraints. 5%
• Prioritize Features: Maintain or improve product efficacy, business process efficiency, and new product features by consulting and providing input to the product owner. 5%

Qualifications

EDUCATION

• Bachelor’s Degree (Required); Master’s Degree (Preferred)
• In lieu of the above education requirements, a combination of experience and education will be considered.

EXPERIENCE

• In-depth knowledge & extensive experience with financial institution/fintech related issues (Required).
• Knowledge of emerging technologies including AI tools, Confluence, JIRA, and the Microsoft Office Suite (Required).
• 8+ years prior leadership and management experience acquired within or outside of company, required.
• Knowledge of workflow/business relationships for all functional areas with in company.

KNOWLEDGE/SKILLS/ABILITIES

• Communication Skills: Able to effectively write reports and correspondence, discuss ideas at all levels of the organization, and present information to others, inside or outside of the organization.
• Interpersonal Skills: Able to empathize, influence, appreciate, and organize others.
• Analytical Skills: Ability to read, analyze, and interpret common business and marketing information, financial reporting, and legal documentation.
• Financial Skills: Ability to work with financial/profitability concepts and apply to practical situations.
• Innovation Skills: Ability to create and adapt products based on business & marketplace change, using existing knowledge to discover original ideas that benefit the business, and to assess and implement ideas from others.
• Leadership Skills: Ability to lead execution of projects/initiatives impacting various functional areas, and to effectively influence others to adopt a course of action on critical, complex, or sensitive information.
• Problem Solving Skills: Able to solve complex problems that have a broad impact within or outside department. Proactively seeks input from others to determine course of action.
• Strategic Thinking Skills: Ability to understand the business’s long-term goals and align product opportunities; as well, having and in-depth understanding of impact of decisions on overall organization.

DECISION MAKING

• Requires broad conceptual judgment and ability to deal with complex factors not easily evaluated.
• Owns interpreting business strategy and translating it into tactical departmental strategies and plans.
• Responsible for addressing complex business issues beyond immediate needs or where established policies may not be aligned with business needs/objectives.
• Manages complex projects across multiple functions that have a significant impact on the company. Makes decisions that influence efficiencies and impact product Profit & Loss (P&L).

COMMUNICATION AND CONTACTS

Interfaces with a variety of internal and external audiences to proactively develop and influence strategies.

Additional Information

Base Salary: $165,000 - $185,000

Position is eligible for an annual bonus incentive program.

The ultimate compensation offered for the position will depend upon several factors such as skill level, cost of living, experience, and responsibilities.

Vericast offers a generous total rewards benefits package that includes medical, dental and vision coverage, 401K with company match and generous PTO allowance. A wide variety of additional benefits like life insurance, employee assistance and pet insurance are also available, not to mention smart and friendly coworkers!

At Vericast, we don’t just accept differences - we celebrate them, we support them, and we thrive on them for the benefit of our employees, our clients, and our community. As an Equal Opportunity employer, Vericast considers applicants for all positions without regard to race, color, creed, religion, national origin or ancestry, sex, sexual orientation, gender identity, age, disability, genetic information, veteran status, or any other classifications protected by law. Applicants who have disabilities may request that accommodations be made in order to complete the selection process by contacting our Talent Acquisition team at [email protected]. EEO is the law. To review your rights under Equal Employment Opportunity please visit: www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf.

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