VP, Transaction Banking - Billing / Pricing Product Manager at MUFG | NY, US | Rezi

VP, Transaction Banking - Billing / Pricing Product Manager at MUFG

VP, Transaction Banking - Billing / Pricing Product Manager

MUFG · NY, US

3 weeks ago

VP, Transaction Banking - Billing / Pricing Product Manager

MUFG · NY, US

21 days ago
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About the Role

This role is responsible for driving the management and data analysis of billing related to the bank’s Transaction Banking / Cash Management products, including account analysis, pricing, and financial impact analytics. The role also involves understanding the treasury management fee competitive landscape and determining strategies to commercialize the product suite to increase revenue and contribute to the net margin of the Transaction Banking business.

Responsibilities

  • Product Management for billing of Transaction Banking products
  • Participate in efforts to identify billing / pricing needs across the TB suite of products across target customer markets.
  • Collaborate with other TB product managers to clarify billing and pricing requirements for their products.
  • Interface with sales to review and approve exception pricing requests.
  • Maintain product documentation / fee schedules, TB procedures, proforma, and forms.
  • Provide analytical support for strategic and tactical decision making and business reviews.
  • Identify volume and revenue trends and their sources, with forecasting for executive presentations.
  • Partner with Relationship Managers, Client Service officers, and TB Treasury Relationship Managers as appropriate to drive revenue growth and identify impacts to product financials.
  • Act as primary point of contact related to billing and pricing with key stakeholders.
  • Respond to questions and requests from Operations, Technology, TB Service and TB Sales.
  • Serve as an escalation point for complex customer service issues.
  • Perform triage of billing / pricing related issues.
  • Create communications for internal staff, senior management, and clients related to billing / pricing.
  • Leverage existing product and organizational strengths to achieve stated business objectives including effective risk management.
  • Drive billing / pricing improvements for customers and for internal processes
  • Leverage solutions across multiple markets to improve time to market.
  • Create a consistent customer experience and manage delivery cost
  • Perform detailed quantitative data analysis at an ETL engineer level to produce detailed data analysis and estimation based on complex pricing and billing data across multiple data sources
  • Serve as a key participant in life cycle activities such as business requirements definition, user acceptance testing, drafting marketing and sales support materials, developing operating procedures, and representing the business to operational, project and technology teams.
  • Understand drivers of treasury management income including ECR, fee income, NII, and inform leadership of areas of opportunity.
  • Focused on revenue growth, including annual review of standard and exception fees for Transaction Banking.

Requirements

  • Direct work experience and good functional knowledge of Transaction Banking / Cash Management products, such as payments, collections, digital channels, and deposit products.
  • Understanding of product billing and pricing structure and processes.
  • Ability to understand billing structures and produce detailed quantitative analysis reports and estimates.
  • Advanced Excel quantitative data analysis / ETL (Extract, Transform, Load) skills to reconcile data across a high number of data sources and create estimates / pricing modeling.
  • Typically requires B.A. or B.S. or equivalent experience: MBA a plus.
  • A minimum of 6-8 years of experience working with Transaction Banking / Treasury Management products
  • Advanced technical skills required related to Excel (acros, complex formulas, pivots, etc.), comparators tools
  • 5+ years of technical quantitative analysis / ETL
  • 5+ years of banking experience in billing and pricing
  • Strong financial reporting & analytics experience.
  • Strong interpersonal oral and written interpersonal communication skills, and matrix management skills.
  • Strong strategic and project planning with an execution track record.
  • Financial Services strongly preferred.
  • Actively ensure compliance with all rules and regulations including Patriot Act, CIP requirements, and other applicable regulatory and compliance policies and procedures.
  • Advanced knowledge of technical projects from Requirements to User Acceptance planning and testing (UAT), to Solution Go-Live.

Skills

  • Transaction Banking
  • Cash Management
  • Account analysis
  • Pricing
  • Financial impact analytics
  • ETL (Extract, Transform, Load)
  • Excel quantitative data analysis
  • Payments
  • Collections
  • Digital channels
  • Deposit products
  • Product billing
  • Pricing structure
  • Quantitative analysis
  • Estimation
  • Forecasting
  • Risk management
  • Project planning
  • Communication skills

Location

  • MUFG office or client sites

Work Type

  • Hybrid

Experience Level

  • 6-8 years of experience working with Transaction Banking / Treasury Management products
  • 5+ years of technical quantitative analysis / ETL
  • 5+ years of banking experience in billing and pricing

Education Level

  • B.A. or B.S. or equivalent experience
  • MBA a plus

Salary/Compensations

  • $135K - $155K

Benefits

  • Comprehensive health and wellness benefits
  • Retirement plans
  • Educational assistance and training programs
  • Income replacement for qualified employees with disabilities
  • Paid maternity and parental bonding leave
  • Paid vacation, sick days, and holidays

About the Company

  • Mitsubishi UFJ Financial Group (MUFG) is one of the world’s leading financial groups.
  • Across the globe, MUFG has 150,000 colleagues, striving to make a difference for every client, organization, and community they serve.
  • MUFG stands for its values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
  • MUFG's vision is to be the world’s most trusted financial group.
  • It is part of MUFG's culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility.
  • This means investing in talent, technologies, and tools that empower employees to own their career.

Equal Opportunity

  • We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business.
  • We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.