Product Development Manager manages the staff, resources, and processes required to implement the vision and strategy for new product development and product lifecycle management of existing products. Incorporates research and concept development projects and capabilities with market analysis, industry intelligence, and customer monitoring to support product roadmaps and innovate new products, enhancements, and redesigns. Being a Product Development Manager coordinates with internal stakeholders, including marketing, sales, and manufacturing, to ensure that new and existing products meet development targets and support the organization's financial goals. Develops teams with the knowledge and expertise to fulfill product development objectives. Additionally, Product Development Manager typically requires a bachelor's degree. Typically reports to a director. The Product Development Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Product Development Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
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...
Requirements
Responsiblities...
What we are looking for...
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.