Director, Pricing Analytics - Atlanta, United States - Synovus

Description

Job Description

Job Summary

Manages, establishes, and oversees the enterprise-wide governance process for pricing of the customer balance sheet, including loans and/or deposits. Provides strategic analysis/recommendations for Commercial and Consumer portfolio pricing by product and market through partnerships with the various strategic finance officers and senior management within the lines of business.

Job Duties and Responsibilities

• Establishes, maintains, and enhances an enterprise-wide governance process for the pricing of loans and/or deposits including models, approvals, and analytics.
• Provides thought leadership on pricing strategy for customer balance sheet items including analytics and opportunity identification that lead to recommendations to optimize rate paid, balance growth, and other LOB and bank objectives. Analyzes performance and reports out to senior leaders on a regular basis, and presents findings and recommendations to key business partners.
• Leads development of re-occurring pricing reports and analysis consisting of portfolio balance and interest rate trends and performance by pricing region or market. Reviews competitor pricing and recommends adjustments to strategy.
• Leads Treasury, Strategic Finance, and line of business partners in pricing committees. Effectively communicates implications or impacts of recommendations, builds buy-in, and incorporates feedback or addresses concerns raised.
• Acts as primary owner of loan and/or deposit pricing models within the Company. Works with other Finance partners to ensure alignment and accuracy of all assumptions between various pricing models and the corporate profitability system and training of team members on pricing models.
• Coordinates with leaders throughout the Company regarding material changes in assumptions that will impact results from the various pricing models.
• Acts as the primary contact with third party vendors that provide pricing analytics and market analysis.
• Manages the annual performance management and merit processes for direct and indirect reports. Coaches and develops team members and builds a work environment where team members are engaged and feel a positive sense of achievement about their role in the company. Works closely with Human Resources regarding employee relations, compensation, training, posting and filling vacant positions and other Human Resources related matters.
• Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
• Performs other related duties as required.

The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Synovus is an Equal Opportunity Employer supporting diversity in the workplace

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Minimum Requirements

Minimum Education:

Bachelor's Degree in business administration, finance, accounting, or related field OR an equivalent combination of education and experience.

Minimum Experience:

Ten years of product pricing, financial analysis or similar relevant experience in the financial services/banking industry.

Required Knowledge, Skills, Abilities:

• Strong understanding of loan and/or deposit market pricing and strategy.
• Experience with pricing tools, such as PrecisionLender or comparable systems
• Working knowledge of relational database architecture and cube design.
• Expertise in a variety of banking concepts, practices and procedures, such as funds transfer pricing, allocation methodologies, RAROC, and economic profit.
• Strong skill set translating complex business requirements into solutions that meet customer needs.
• Skill communicating with executive management to understand requirements and set priorities.
• Excellent organizational skills.
• Ability to work with partners to meet shared objectives.
• Strong written and verbal communications skills, including an ability to influence people to move toward collective organizational goals.
• Skill in effectively communicating financial results, both verbally and through reports, and presentations to leadership.
• Skill managing multiple projects concurrently and delegating while maintaining involvement in projects to meet deadlines.
• Strong critical thinking skills, including the ability to identify trends within raw data.
• Attention to detail.
• Ability to identify key insights from detailed information.