Deposit Pricing Product Manager IV Position Available In Essex, Massachusetts

The Deposit Product Pricing Manager is responsible for developing, implementing, and managing deposit pricing strategies to support the bank’s overall strategic objectives. This role plays a critical part in optimizing the bank’s deposit portfolio, balancing profitability and deposit funding needs. The ideal candidate must possess a blend of analytical skills, strategic thinking, market understanding and attention to detail. •

Key Responsibilities:

•+ Design, recommend and implement deposit pricing strategies through detailed analytics and supporting documentation to meet company-wide deposit growth goals – this includes developing pricing recommendations and presenting those for review and approval by governing committee. + Track performance of deposit balance trends (vs plan) bank-wide and across business lines. + Conduct in-depth analysis of market trends, competitor pricing, and customer behavior to provide insights and pricing recommendations. + Support Product team with any regularly scheduled or ad-hoc pricing analysis requests. + Produce regular reporting and presentations for senior leadership on pricing effectiveness, forecasts, and any ad-hoc analysis requests. + Implement approved pricing strategies i.e. building interest plans, changing rates, updating internal and external facing pricing materials, and drafting and sending related communications. + Collaborate with Product, Finance, Business Lines, Marketing and Compliance to implement deposit pricing strategies. + Partner with Technology and Operations to execute pricing changes and optimize pricing configurations. + Responsible for developing and/or maintaining all controls and documentation, policies, procedures related to Pricing. + Participate in audits, risk assessments, and policy reviews as needed. •

Qualifications:

•+ Bachelor’s degree in business, finance or related field. + 8+ years of experience in product management, Pricing, business analysis, or a related role in banking or financial services. + Deep understanding of pricing theory, price elasticity, margin optimization and competitive benchmarking. + Demonstrated experience in developing and managing product pricing strategy across consumer and commercial segments. + Familiarity with ALCO processes and P&L analysis to assess profitability impact of pricing changes. Strong analytical and quantitative skills, with experience in pricing optimization. + Experience in BI extraction tools such as SQL is a must. Expert-level Excel skills including advanced formulas, pivot tables, scenario analysis, and modeling. + Experience in creating dynamic, visually intuitive dashboards using PowerBI or Tableau. + Exceptional ability to craft clear, compelling narratives and strategic pricing recommendations tailored for executive audiences. Proven experience developing high-impact PowerPoint presentations. + Proven ability to navigate and influence cross-functional environments. + Strong communication and organizational skills, with attention to detail and follow-through.