Bankcard Product Manager

Location: Chicago
Posted on: November 20, 2024

Job Description:

GENERAL FUNCTION:

Manage bankcard products in order to drive sales, growth, penetration, and profitability. Develops long-term product plans, focusing on customers, competition, profitability, product life cycle, and service considerations. Works closely with business partners in developing enhancements, new product concepts, and preparing initial designs. Coordinates the activities of all corporate areas necessary to bring the product to market, develops financial operating plans, projects profit and loss, and is charged with achieving annual sales objectives for assigned products or areas.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• 
  
  
  

  
  
  

  
  

• Manage the rollout of new bankcard products and/or product enhancements and functionalities.
  
  
  

  
  
  

  
  
  

  
  

• 
  
  

  
  

• Work with Finance and manager on analysis of historical financial reporting, projections of financial results for future periods and annual budgeting.
  
  
  

  
  
  

  
  
  

  
  

• 
  
  

  
  

• Establish annual goals and objectives for each product and develop management reports to track progress on a monthly basis.
  
  
  

  
  
  

  
  
  

  
  

• 
  
  

  
  

• Develop and maintain product descriptions that describe each product offering, including how the products work from start to finish. Where appropriate, include flowcharts in the product description document.
  
  
  

  
  
  

  
  
  

  
  

• 
  
  

  
  

• Develop training materials and aids. Coordinate training sessions for business partners.
  
  
  

  
  
  

  
  
  

  
  

• 
  
  

  
  

• Develop and maintain relationships with key customers and internal business partners.
  
  
  

  
  
  

  
  
  

  
  

• 
  
  

  
  

• Manage key relationship with vendor representatives and industry contacts. Responsible for keeping current on association and network rules/regulations associated with assigned products.
  
  
  

  
  
  

  
  
  

  
  

• 
  
  

  
  

• Effectively manage cross-functional teams on complex issues related to development, implementation, and ongoing servicing.
  
  
  

  
  
  

  
  
  

  
  

• 
  
  

  
  

• Research competitor practices and pricing to ensure that bankcard products are competitive in features and pricing and that quality service is being provided.
  
  
  

  
  
  

  
  
  

  
  

• 
  
  

  
  

• Develop bankcard product pricing guidelines.
  
  
  

  
  
  

  
  
  

  
  

• 
  
  

  
  

• Monitor industry trends, including reading industry periodicals, web sites and other means necessary to develop industry expertise. Responsible for keeping current on various association and/or network rules and regulations.
  
  
  

  
  
  

  
  
  

  
  

• 
  
  

  
  

 SUPERVISORY RESPONSIBILITIES: None.

Keywords: , Cicero , Bankcard Product Manager, PR / Public Relations , Chicago, Illinois