Bank of America Product Pricing Manager in Jacksonville, Florida

Job Description:

The Product Pricing Manager is responsible for conducting analysis of pricing model output, portfolio data and daily new loan volume data that identifies strategies to maximize new volume profitability, contribution margin, responsible growth and credit quality targets for Consumer Vehicle Lending (CVL) products.

The ideal candidate will have a strong analytical background and extensive technical knowledge executing pricing strategies and working with model governance in the recommendation and approval of new pricing models and/or strategies.

  • Work extensively with CVL business partners in the approval of new pricing models and / or strategies, including the validation of ongoing model performance compared to expectations;

  • Extract financial and statistical data from multiple Enterprise databases using data mining skills (SAS, SQL, Tableau) to support pricing strategy recommendations to CVL Leadership;

  • Monitor and track new loan volume trends to identify areas of pricing opportunity in various pricing segments;

  • Compare business performance to key CVL competitors, incorporating available competitive intelligence data and industry data;

  • Interact extensively with Business Development, Senior Product Pricing Managers, Credit Analytics & Strategies, CVL Leaders & partners on Pricing related projects, risk/reward analysis and performance optimization.

Enterprise Role Overview:

Responsible for reviewing and pricing products and services. Analyzes the profitability of the client and/or specific services, works up pricing recommendations, and implements and verifies pricing. Must work closely with Product managers on pricing strategies and involve Product managers on deals when necessary. Is responsible for communicating with sales officers and addressing pricing questions and/or issues from the Sales team. Must also be aware of the deal size and arrange for senior management approval calls. May act as an individual contributor or may lead a smaller team in developing and/or influencing pricing strategies and profitability. Provides comprehensive solutions to complex problems or needs. Has extensive technical or functional knowledge of pricing strategies and models.

Required Skills: “Must” have these skills to be minimally qualified.

  • 3-5+ years of working experience in financial modeling, analyses.

  • Ability to think strategically and tactically to drive product success.

  • Excellent oral and written communication skills with the ability to confidently present to Senior Leaders.

  • Able to work with minimum supervision in a fast-paced and challenging environment; a team-player with ability to build relationships across the firm.

  • Ability to form strong partnerships with key business partners and work with them on initiatives, holding them accountable when needed.

  • Positive attitude towards change and ability to think out of the box to solve business issues.

Desired Skills:

  • BI Platform Experience – MicroStrategy, Cognos, SAS, Tableau

  • Understanding of elasticity and optimization models.

  • Experience with AI and Machine Learning

  • Knowledge of automotive and/or banking/financial services industry.

  • Understanding of how the Bank works from an Enterprise perspective

  • Bachelor’s degree and/or Master’s degree in a quantitative discipline is preferred. Mathematics, Statistics, Economics or related field.

Posting Date : 12/06/2018

Location :

Jacksonville, FL, BANK OF AMERICA OFFICE PARK, 9000 SOUTHSIDE BLVD BLDG 300,

FORT WAYNE, IN, 9921 DUPONT CIRCLE DR W (IN9131),

Charlotte, NC, ONE INDEPENDENCE CENTER, 101 N TRYON ST,

  • United States

Travel : Yes, 5% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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