Fifth Third Bancorp
Consumer Home Equity Pricing Analyst
Fifth Third Bancorp, Cincinnati, Ohio, United States, 45208
Consumer Home Equity Pricing Analyst
Make banking a Fifth Third better We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. GENERAL FUNCTION: Responsible for developing analytics and reporting that helps the line of business manage its pricing strategy to meet or exceed revenue goals and capitalize on market share in accordance with corporate goals and objectives. Focus on providing value-added analysis and recommendations to support business growth. ESSENTIAL DUTIES & RESPONSIBILITIES: Lead the development and implementation of best practice pricing by creating and defining the tools, process, guidelines, and standardized reporting that will help define a pricing strategy, set prices, and execute pricing plans to achieve revenue, profit and market share goals. Collaborate with internal partners when appropriate to develop process and analytics that are needed to strengthen baseline pricing recommendations that drive bottom line results. Ensure timely & actionable reports are provided to leadership team, on routine or ad-hoc basis, that story tells product positioning through data visualization and quantitative and qualitative analysis. Produce reporting that helps the LOB operate and monitor performance and KPIs related to profitability production, as well as provide forecasting of future performance. Conduct competitive analysis to assess competitor impacts to localized pricing and promos, market share, and product features / benefits. Define data requirements and resources to support analysis and reporting of overall pricing effectiveness. Synthesize and interpret pricing analytics and present recommendations. Update and monitor pricing posted and communicated across multiple channels. Support continuous improvement of pricing processes. Apply advanced analytical thinking to key pricing issues, including but not limited to the development of demand curves and price elasticity calculations. Improve the use of predictive analytics to proactively manage price Ensures daily pricing in systems is consistent with published rates, importing pricing information and verifying accuracy. Quantify value of products against competitor offerings Create an executive reporting dashboard to communicate impact of pricing decisions MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: Bachelor's Degree in Statistics, Mathematics, Economics, or equivalent experience required 3-5 years experience in retail, analysis or pricing preferred Proficient in a wide range of analytical, quantitative, and statistical techniques and tools to derive insights from large, complex data environments Exceptional ability to extract strategic insights from large data sets Office computer skills required; preference for Microsoft application experience Advanced Excel skills required Experience with statistical analysis software packages (e.g., SAS) required Excellent communication skills: listening, verbal and written Strong organizational, planning, and time management skills Strong work ethic complemented with a positive, can-do attitude Ability to learn company systems and tools At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day. The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.
Make banking a Fifth Third better We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. GENERAL FUNCTION: Responsible for developing analytics and reporting that helps the line of business manage its pricing strategy to meet or exceed revenue goals and capitalize on market share in accordance with corporate goals and objectives. Focus on providing value-added analysis and recommendations to support business growth. ESSENTIAL DUTIES & RESPONSIBILITIES: Lead the development and implementation of best practice pricing by creating and defining the tools, process, guidelines, and standardized reporting that will help define a pricing strategy, set prices, and execute pricing plans to achieve revenue, profit and market share goals. Collaborate with internal partners when appropriate to develop process and analytics that are needed to strengthen baseline pricing recommendations that drive bottom line results. Ensure timely & actionable reports are provided to leadership team, on routine or ad-hoc basis, that story tells product positioning through data visualization and quantitative and qualitative analysis. Produce reporting that helps the LOB operate and monitor performance and KPIs related to profitability production, as well as provide forecasting of future performance. Conduct competitive analysis to assess competitor impacts to localized pricing and promos, market share, and product features / benefits. Define data requirements and resources to support analysis and reporting of overall pricing effectiveness. Synthesize and interpret pricing analytics and present recommendations. Update and monitor pricing posted and communicated across multiple channels. Support continuous improvement of pricing processes. Apply advanced analytical thinking to key pricing issues, including but not limited to the development of demand curves and price elasticity calculations. Improve the use of predictive analytics to proactively manage price Ensures daily pricing in systems is consistent with published rates, importing pricing information and verifying accuracy. Quantify value of products against competitor offerings Create an executive reporting dashboard to communicate impact of pricing decisions MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: Bachelor's Degree in Statistics, Mathematics, Economics, or equivalent experience required 3-5 years experience in retail, analysis or pricing preferred Proficient in a wide range of analytical, quantitative, and statistical techniques and tools to derive insights from large, complex data environments Exceptional ability to extract strategic insights from large data sets Office computer skills required; preference for Microsoft application experience Advanced Excel skills required Experience with statistical analysis software packages (e.g., SAS) required Excellent communication skills: listening, verbal and written Strong organizational, planning, and time management skills Strong work ethic complemented with a positive, can-do attitude Ability to learn company systems and tools At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day. The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.