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Description:

Job Purpose

The Product Development Specialist will be responsible for designing, evaluating, and optimizing banking products and campaigns that drive the bank’s strategic pillars of Sustainable Business Growth, Customer Experience, and Innovation and Digital Transformation. Development and growth of a broad and diverse range of duties across most functions and aspects of consumer lending. Actively contribute to research of consumer lending markets and products by gathering, analyzing and summarizing a diverse range of information.

Summary of Key Responsibilities:

• Development of competitive customer-centric products, rigorous profitability analysis, and strategic campaign design for deposit mobilization and customer growth.
• Lead end-to-end development of new banking products across customer segments.
• Design profitable, self-funding deposit mobilization campaigns.
• Define, develop and execute the annual regional strategic marketing plan through gathering and analyzing market research data.
• Monitor market trends and information collected by the Bank to identify potential areas for the development of new financial products, and the restructuring of existing products.
• Take new and modified commercial lines products from concept to implementation across all lines of business for the target niche
• Define campaign mechanics, customer segmentation, incentives, and ROI projections.
• Develop a broad range of elements of market and product development proposals such as product requirements, process flows, cost assessments, etc.
• Coordinate development with Credit, Risk, Operations, Finance, Digital, and Compliance.
• Identify, assess and manage potential providers of key services, including business, operational and technological aspects of the co-operation.
• Collaborate with a broad range of internal stakeholders to ensure successful realization of projects.
• Monitor live campaign performance and prepare post-campaign evaluations.
• Identify new product opportunities and risk-adjusted recommendations.
• Conduct profitability assessments for all new and existing products.
• Evaluate pricing, cost of funds, operational costs, and projected uptake.
• Ensure product compliance with BoZ guidelines and internal policies.
• Provide product performance insights and presentations.
• Draft and present the required documentation, such as business proposals, research results, process descriptions and procedures

Required Skills and Personal Attributes 

• Excellent Communications Skills
• Very strong analytical and numerical skills
• Excellent Product Management Skills
• Excellent Financial modelling skills
• Excellent Data Analytics Skills
• Excellent Product Lifecycle Management Knowledge
• Excellent organization and ability to manage multiple projects
• Holistic Thinking
• Hight level of integrity and maturity
• Strong attention to detail and meeting deadlines
• Team player and good judgement
• Market research and consumer insights skills
• Excellent Presentation skills 

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Primary Areas of Accountability: