Experience Inc. Jobs

Description

Summary:

Responsible for the design & implementation of deposit pricing strategy for Private Banking interest-bearing deposit products. Goals include achieving interest expense and profitability targets for Huntington Bank, while growing deposit balance at the lowest cost.

Detailed description:

• Interpret and forecast business-driver trends: current and future.

• Independently evaluate previous month's results to plan; review product-rate driver trends and update economic scenarios and forecasts for the current month, quarter and year.

• Monitor progress weekly: competitor's rates and advertisements, economy, Huntington's balances-revenue, plan targets, balances at risk, product driver trends, and optimal pricing targets.

• Communicate changes to scenarios, risks, rates, positioning, financials, trends and other analysis within regular meetings, emails, updates to partners and communication channels.

• Partner with other disciplines sharing insights from competitor, price elasticity and break-even analysis for enhancing sales, cross-selling, and client retention initiatives.

• Manage exception pricing process for Private Banking clients.

• Drive analytics required to find customer & sales insights needed to effectively craft and implement pricing strategy.

Basic Qualifications:

• Bachelor's Degree 7 years of product development, pricing, forecasting, and / or finance experience.

Preferred Qualifications:

• Financial services experience, preferably in a Deposits-related role.

• Master’s degree

• Strong and creative analytical skills, competence/confidence in pulling and analyzing data, and translating the analyses into actionable strategies and tactics.

• Strong decision making and negotiation skills and ability to provide rate solutions/strategies that work for the bank and for bankers.

• Knowledge of methods for effectively measuring, analyzing, planning and monitoring financial market trends, competitor trends and Huntington's revenue and balance sheet trends.

• Experience in collaborating with partners and peers in treasury, finance, technology, marketing, sales and vendors.

• Experience planning and executing multiple projects in a timely and efficient manner.

• Capability of utilizing business acumen and knowledge of business drivers for assessing market conditions and forecasting revenue and pricing actions.

• Effective written and verbal communication skills.

• Technical skills: SAS, Price Elasticity modeling software, Essbase, Microsoft Office suite.

#LI-Hybrid

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Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Hybrid

Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.

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