MD Pricing & Profitability
Webster Bank

Boston, Massachusetts

This job has expired.

At Webster Bank, our financial intermediation activities are organized broadly around three distinct lines of business: the Consumer Bank, the Commercial Bank, and HSA Bank.

This position will be aligned with the Commercial Bank.

The Commercial Bank is hiring a Managing Director, Pricing and Profitability to oversee pricing and profitability for Commercial Banking businesses and products. The MD Pricing & Profitability will provide insights into business line economics including relationship probability reporting. They will also oversee the exception pricing process for Commercial opportunities while optimizing existing processes to help streamline pricing activities. Additionally, they will support the execution, administration, and maintenance of the loan pricing software, PrecisionLender. The individual will work to improve both the product's usability and employee engagement with the product through process improvements, system enhancements, and user training. The position calls for significant collaboration with the Commercial Bank's various business units and will provide high visibility into all levels of the organization.

As part of Webster Bank's sales and marketing activities, the Commercial Bank utilizes PrecisionLender - a loan pricing software solution that enables the day-to-day execution of hundreds of bankers. PrecisionLender provides Relationship Managers with real-time loan pricing insights that drive increased profitability for the bank but also a more robust relationship view for colleagues. The system is to be leveraged by all relationship officers and select portfolio management teams during the sales process.

Major Duties and Responsibilities:

  • Engages with sales, product, finance and business line leadership on pricing activities for the Commercial business segment.
  • Serves as the point of contact for pricing inquiries or escalations on deal profitability
  • Assists LOB with design and implementation of pricing framework for all newly proposed product offerings. Partner with business lines to ensure the needs of the clients are being met from an economics perspective.
  • Front line (colleague facing) subject matter expert -- requires an intimate understanding of the bank's implementation of PrecisionLender including the modules and data fields utilized, the data sources required to effectively operate the software, and the core data outputs derived from the software
  • Ongoing maintenance and improvement of templates / custom fields
  • Building out internal knowledge collateral -- includes the creation and maintenance of user procedures; includes creation of succinct training for system navigation / foundational tasks that underpin most colleague's daily usage
  • Collaborate with various divisions around the bank -- this position will work with several teams to ensure daily system usage and monthly/quarterly risk reporting are in line with bank requirements
  • Bank-wide communication -- encompasses proactive outreach to all system users and stakeholders regarding system enhancements, product issues, and short-term impacts to system performance; also includes direct communication with vendor and/or internal IT partners to address data issues or system enhancements
  • Bachelor's degree; preferably in a business, finance, accounting, or data science subject area (Master's degree a strong plus)
  • At least 7 years of experience in the financial services industry or in a profitability focused role at an enterprise software company; preferably with domain expertise in enterprise sales, sales operations / technology, commercial systems, profitability analytics, and/or FP&A
  • High agency contributor with an earnest interest in the sales and pricing process
  • Strong analytical and operational capabilities, with an ability to manage projects and timelines while effectively managing stakeholders
  • Strong written and verbal communication skills; ability to produce high-quality, succinct deliverables
  • Highly collaborative, strong interpersonal skills and cross-functional team experience; ability to lead and influence
  • Strong competency in Microsoft Office suite -- including Excel and PowerPoint

This job has expired.


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