Product Development Manager

Rate; United States; On-site; USD 110,000 - 120,000; Full time

Benefits offered by this job

401(k) plans

Vacation benefits

Medical, dental, and vision benefits

Flexible spending accounts

Commuter benefits

Job summary

A leading mortgage company is seeking a Product Development Manager to oversee the development and launch of innovative mortgage products. The ideal candidate will have 10+ years of mortgage lending experience and be proficient in product management. This role includes driving product strategy and collaborating with cross-functional teams to ensure successful market entry. Competitive salary ranges from $110K to $120K. Comprehensive benefits are offered, including a 401(k) plan, medical coverage, and more.

Qualifications

• 10 years of progressive mortgage lending experience required.
• 3+ years of product management experience with project management required.
• Strong knowledge of mortgage manufacturing processes and compliance.

Responsibilities

• Drive product strategy and tactical deployment for product lines.
• Conduct market analysis to identify differentiation opportunities.
• Manage the execution of all product lifecycle processes.

Skills

Mortgage lending experience

Product management experience

Market analysis

Cross-functional team management

Influencing stakeholders

Presentation skills

Education

Bachelor’s degree in business, management, finance, or technology

Tools

Excel

Job description

Overview

At Rate, we’re proud to offer innovative lending products that meet the needs of our customers. We’re seeking an experienced Product Development Manager to lead multidisciplinary development teams in the launch of mortgage product lines. The ideal candidate will have a keen eye for gaps in mortgage financial product offerings and an innovative mindset for filling them. This role requires strong market analysis, and the ability to strategize the full lifecycle of a product from ideation to release. We’re looking for a confident leader who can guide cross‑functional teams in the creation, development and launch of mortgage products that serve customers, generate revenue and grow market share.

Objectives of this role

• Drive all aspects of product strategy and tactical deployment for assigned product lines, including product- and business-planning processes for cross-functional teams.
• Analyze customer needs, current market trends, and assess competitor offerings to seek differentiation opportunities.
• Analyze product requirements and develop compliant programs that differentiate mass-market lending products/programs.
• Develop, implement, and maintain launch timelines across multiple departments.
• Appraise new product ideas and strategize appropriate go-to-market plans.

Responsibilities

• 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 describing 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 with IT, credit, operations, marketing, legal, compliance and sales teams in the development, QA, and release of products, balancing resources to support the organization.
• Develop product positioning and messaging that differentiates Rate across primary market segments.

Required skills and qualifications

• 10 years of progressive mortgage lending experience with supervisory experience in roles such as national underwriting, credit, or operations.
• 3+ years of dynamic mortgage product management experience with a proven track record of leading projects (project management experience).
• Strong knowledge of mortgage manufacturing processes, documentation, regulatory requirements, credit policy, and pricing tactics.
• Ability to influence stakeholders and manage conflict across teams.
• Proven success in overseeing all elements of the product development lifecycle.
• High effectiveness in managing cross-functional teams.
• Experience delivering targeted product marketing strategies.
• Exceptional writing and editing, with strong presentation and public speaking skills.
• Ability to deliver results as a member of a remote team.

Preferred skills and qualifications

• Bachelor’s degree (or equivalent) in business, management, finance, or technology.
• 5+ years of product management experience at an IMB with experience in agile.
• Advanced knowledge of Excel.
• Proven leadership and servant leadership in a managerial role.

Pay range: 110-120K base salary. Accepting applications for 30 days.

Benefits

The company offers a comprehensive benefits program to eligible employees, including eligibility to participate in a company-sponsored 401(k); vacation benefits; eligibility for medical, dental, vision, and prescription drug benefits; flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts); life insurance and death benefits; critical care insurance; personal accidental insurance; commuter benefits; pet insurance; certain time off and leave of absence benefits; well-being benefits (e.g., employee assistance program); and other supplemental benefits (e.g., legal planning assistance; identity theft protection; wellness resources).

Please click this link to learn more about our benefit offerings for Washington State: https://www.rate.com/careers/open-positions/disclosures

Job function

• Product Management and Project Management