Media Product Development Manager jobs in Indianapolis, IN

Description

Merchants Bank of Indiana is seeking a Product Development Manager for our residential mortgage division to manage our existing loan product offerings and to lead the expansion of new product offerings across the retail, wholesale, and correspondent channels. The ideal candidate has experience in developing and implementing non-agency underwriting guidelines with an emphasis on Prime Jumbo and the Private Label Securitization market.  Preferred candidates will have knowledge of the non-agency market in areas such as underwriting guidelines, pricing, rating agency, third-party review process, exception handling, and credit. The candidate will be a confident leader who can guide cross-functional teams in the full lifecycle of a product, from idea to release. 

After one year as a Product Development Manager, you will know you were successful if you...

• Drive all aspects of our product implementation strategy for assigned product lines including product and business planning processes for cross-functional teams.
• Analyze customer needs, and current market trends, and assess current competitor offerings to seek opportunities for differentiation.
• Analyze product requirements and develop and maintain compliant product guidelines.
• Develop, implement, and maintain new product launch timelines across multiple business channels and departments.
• Evaluate new product ideas and develop appropriate go-to-market plans.
• Complete gap analysis of competitor Prime Jumbo guidelines and develop a competitive product offering that is salable into the Private Label      Securitization marketplace.
• Collaborate with TPR firms and rating agencies to develop a sensible guideline exception process for loans included in Private Label Securities.
• Continually monitor investor announcements that may require process or technology changes and ensure the resulting action items are completed promptly.

Requirements

Responsiblities...

• Drive the execution of all processes in the product lifecycle, including product and market research, competitor analysis, planning, positioning, requirements and roadmap development, and product launch.
• Translate product strategy into detailed requirements and final development by project teams.
• Create product strategy      documents that describe business cases, high-level use cases, technical      requirements, revenue, and ROI
• Analyze market data to develop sales strategies and define product objectives for effective marketing communications.
• Collaborate closely with      IT, credit, operations, marketing, legal, compliance, training, and sales teams in the development, QA, and release of products, and balance resources to ensure success for the entire organization.
• Develop product positioning and messaging that differentiates product offerings across primary market segments.

What we are looking for...

• Bachelor’s degree (or equivalent) in business, management, finance, or technology. 
• 5 years of mortgage lending experience with supervisory experience in roles like national underwriting, credit, and operations.
• 3 years of mortgage product management experience – both analyzing and maintaining current products and developing new products.
• Strong knowledge of the mortgage manufacturing processes, documentation, regulatory requirements, credit policy and pricing tactics.
• Strong knowledge and experience with non-agency mortgage products.
• Proven success in overseeing all elements of the product development lifecycle.
• Experience in delivering finely tuned product marketing strategies.

Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including Federal Housing Administration (“FHA”) multi-family housing and healthcare facility financing and servicing; mortgage warehouse financing; retail and correspondent residential mortgage banking; agricultural lending; and traditional community banking.  Merchants Bancorp, with $17 billion in assets and $14.1 billion in deposits as of December 31, 2023, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Servicing, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.

We are very proud of being recognized nationally as one of the top-performing public banks in the US. By S&P Global Market Intelligence and locally as a Best Place to Work in Indiana for seven consecutive years. Learn more about this read more here.