VP, Billing / Pricing Product Manager - Transaction Banking

MUFG Commercial Deposit And Revenue Management Role

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Job Summary : This role is responsible for helping drive the bank's commercial deposit and revenue management products, which includes account analysis and revenue reporting, interest and balance sheet analytics. This will be completed through further development of a reporting & analysis suite and market based analytics. Additionally, the role includes understanding the treasury management fee competitive landscape, and determining strategies to further commercialize the product suite to increase top line revenue, and contribute to net margin of the Transaction Banking business.

Due to the complexity of billing structure, candidates are required to have deep functional knowledge of billing and pricing processes to be able to understand billing structures independently. Candidates are also required to have technical quantitative data analysis skills / ETL (Extract, Transform, Load) skills to be able to reconcile data across a high number of data sources and create estimates / pricing modeling. The candidate must be able to work independently to understand billing / pricing structures and processes and produce detailed quantitative analysis reports and estimates.

Major Responsibilities :

• Product strategy : Participate in efforts to identify billing / pricing needs across the TB suite of products across target customer markets. Collaborate with other TB product managers to clarify billing and pricing requirements for their products.
• Pricing reviews : Interface with sales to review and approve exception pricing requests.
• Product management : Maintain product documentation / fee schedules, TB procedures, proforma, and forms.
• Product profitability and pricing : Provide analytical support for strategic and tactical decision making and business reviews. For executive presentations, identify volume and revenue trends and their sources, with forecasting. Partner with Relationship Managers, Client Service officers, and TB Treasury Relationship Managers as appropriate to drive revenue growth and identify impacts to product financials.
• Partner with key stakeholders : Act as primary point of contact related to billing and pricing with key stakeholders. Respond to questions and requests from Operations, Technology, TB Service and TB Sales. Serve as an escalation point for complex customer service issues. Perform triage of billing / pricing related issues.
• Communications : Create communications for internal staff, senior management, and clients related to billing / pricing.
• Leverage existing product and organizational strengths to achieve stated business objectives including effective risk management.
• Drive billing / pricing improvements for customers and for internal processes
• Perform detailed quantitative data analysis at an ETL engineer level to produce detailed data analysis and estimation based on complex pricing and billing data across multiple data sources
• Serve as a key participant in life cycle activities such as business requirements definition, user acceptance testing, drafting marketing and sales support materials, developing operating procedures, and representing the business to operational, project and technology teams.
• Understand drivers of treasury management income including ECR, fee income, NII, and inform leadership of areas of opportunity.
• Focused on revenue growth, including annual review of standard and exception fees for Transaction Banking.
• Leverage solutions across multiple markets to improve time to market.
• Create a consistent customer experience and manage delivery cost

Qualifications :

The typical base pay range for this role is between $135K - $155K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and / or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays.