Product Innovation Analyst
Start a Rewarding Career with Alliant
What will your day look like?
The Loan Trading Desk is a critical function for Alliant in deploying capital market strategies to maintain balance sheet liquidity and diversification, loan origination channel flexibility, and the achievement of non-interest income goals. Essential to the success of the Loan Trading Desk is the development of partner relationships with indirect lenders and fintechs that require financial partners for their loans. Targeted partners are generally “fintech” specialty finance companies that target consumer and residential loans.
The Product Innovation Analyst works closely with the Partner and Product Manager, Loan Trading and at the direction of the Manager, Loan Trading to operationalize and automate new product offerings. Prior to automation and integration into the Alliant ecosystem, the Innovation Analyst supports the day-to-day onboarding of loans. The Innovation Analyst will further work with the Partner and Product Manager to supply multiple internal partners with detailed product specifications and drive out downstream dependencies and data requirements. It is critical for the Innovation Analyst to be able to serve as a product expert and resource, making sure that objectives are defined, communicated and achieved in accordance with the credit union’s priorities and targets. The Innovation Analyst will seek regular input from Asset-Liability management, Credit Risk, Legal, Lending, Technology, Information Security and other internal groups in pursuit of the organization’s overarching objectives.
Upon the achievement of predetermined automation and performance objectives, the Innovation Analyst will oversee the transfer of the new product to either the residential or consumer line of business depending on the product’s characteristics. The Innovation Analyst will remain with the product as a subject matter expert and operational point person. General direction is received from the Manager, Loan Trading.
This position requires approximately 10% travel.
Responsibilities
Do you see yourself doing this?
- Comprehensive command of a new loan product including product pricing, legal agreements, credit expectations, performance, data feeds, compliance, quality assurance, operations.
- Strong ability to coordinate the flow of information from an external partner to multiple internal business partners.
- Excellent communication skills aimed at keeping internal and external stakeholders fully apprised.
- Responsible for project planning, execution, monitoring, delivery and oversight of the timely achievement of critical milestones.
- Positively influence others across functional areas and achieve buy-in to drive product development and implementation.
- Highly effective communication, and relationship-building skills with cross-functional teams to achieve aggressive organizational goals and successfully navigate a complex organization.
- Identification and resolution of issues that would present a risk to on-time implementation of product launch.
- Engage the appropriate technical resources and department leaders to identify resource requirements, milestones, timelines, risks and mitigation plans.
- Participates in the onboarding, processing, and reporting of new loans prior to automation of related activities.
- Validates the effectiveness and user acceptance testing of all automation prior to transition of the relationship to the Lending line of business.
- Produce reports and scorecards to update senior leadership.
Qualifications
What makes you a great fit?
You’ll be a great fit if in addition to a Bachelor’s degree in Finance, Economics, Accounting or similar quantitative discipline and 1 or more years of experience in one or a combination of the following: consulting, accounting, project management, capital markets, or banking industry
- Experience with consumer lending preferred
- Strong technical skills, including accounting and asset valuation/pricing modeling
- Proficient in Microsoft Excel, Word, and PowerPoint required
- Strong communication skills, both written and verbal
- Ability to manage multiple complex tasks while delivering high quality results
- Ability to build and maintain collaborative relationships
- Strong analytical thinking and problem-solving skills
- Solid understanding of project management processes and practices
- Proven ability to execute on deliverables
- Demonstrated ability to influence without authority
When you’re happy, we’re happy!
As a thank you for joining our team, you’ll benefit from:
- Competitive medical, dental, and free vision benefits
- Competitive compensation plan
- Contributions towards gym memberships
- Generous PTO and banking holidays off