Republic Bank
Profitability Team Lead
Republic Bank, Louisville, KY
"Republic Bank believes in the development and advancement of our associates. We offer the opportunity to learn all aspects of the company to prepare for future advancement. Come join our team for a career, not just a job!"
Grade 12
About Republic Bank
Republic Bank's values are built upon making an IMPACT for our clients, our associates and the communities we serve. (IMPACT stands for Innovate for the Future, Make it Easy, Provide Exceptional Service, Acknowledge & Celebrate Success, Commit to Caring and Thrive Together) The associates of Republic Bank are the key to our success as an organization and we value our associates. It's one of the reasons we've been named as one of the Best Places to Work in Kentucky for the last seven years! For more information about the company, please visit www.republicbank.com.
POSITION PURPOSE AND OBJECTIVES:
The Profitability Team Lead is a key partner in managing the daily operations and on-going programs of the department. This position helps ensure accurate and effective reporting to stakeholders and leverages its deep understanding of profitability to support strategic revenue-generating initiatives and overall growth of the Bank. In addition, this position is expected to maintain understanding of departmental processes to provide support and answer questions to others on the team and managing/disbursing the workload of the team.
MINIMUM QUALIFICATIONS:
• Minimum of 5 years' experience in a profitability and/or pricing role required, preferably in the financial services industry.
• Previous supervisor experience preferred.
• Demonstrates a strong knowledge of profitability, pricing, and performance data and trends.
ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES:
• Responsible for the Bank's loan and deposit pricing calculator maintenance and communication.
• Update the unit cost and FTP tables within the Bank's CRM system, adjusting for changes in market conditions and/or changes in Bank strategy as needed.
• Monitor results and usage of the pricing calculator, including back-testing actual results versus calculated forecasts.
• Responsible for the oversight of CRM householding/relationship data to best support profitability and pricing analysis. This includes collaborating with the Bank's CRM and Sales teams to support the on-going upkeep of this data.
• Oversee training programs related to the self-service pricing and profitability tools utilized across the Bank.
• Process month-end updates to the Bank's profitability and incentive data models.
• Understand the drivers of relationship and portfolio profit performance and how they impact Bank strategy.
• Collaborate with multiple business units and other cross-functional teams to complete strategic projects as needed.
• Prepare profitability reports/analysis as needed for internal stakeholders.
• Responsible for the validation and maintenance of incentive model calculations and distribution of monthly officer reporting.
• Assist with training of new associates; deliver components of new associate training and job-specific training courses as needed.
• Serve as a department subject matter expert regarding policies and procedures; perform periodic procedure review to create/update as needed. Provide training for these tasks as needed.
• Assist with projects that effect the department as needed.
• Oversight of department software applications.
• Serve as primary backup when manager is out.
• Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.
• Model and foster behaviors that support the Bank's values and corporate culture creating an atmosphere of trust, cooperation, accountability, and dedication to the organization.
• Willingly perform all other duties and projects as assigned.
INTERPERSONAL SKILLS AND COMPETENCIES REQUIRED:
• Excellent verbal and written communication skills.
• Ability to organize and prioritize to meet deadlines.
• Detail oriented with strong organizational skills.
• Requires a high-energy level and strong sense of urgency.
• Ability to recommend practical ways of using innovation, good judgment, creativity, and strategic thinking.
PHYSICAL REQUIREMENTS:
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this position, the associate is regularly required to sit, use hands to finger, handle, or feel; and talk or hear. The associate frequently is required to stand or walk. The associate is occasionally required to reach with hands and arms. The associate must occasionally lift and/or move 10 pounds. Specific vision abilities required by this position include close vision, and distance vision. The noise level in the work environment is usually moderate.
OTHER REQUIREMENTS:
• Travel between Republic Bank facilities.
• Occasional out-of-town travel may be required.
• Flexible work schedule that will include some evenings and weekends.
• Stay abreast of new developments, best practices, and statutory and regulatory changes.
**The above is intended to describe the general content of and requirements for the performance of this position. It is not construed as an exhaustive statement of duties, responsibilities, or requirements.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Grade 12
About Republic Bank
Republic Bank's values are built upon making an IMPACT for our clients, our associates and the communities we serve. (IMPACT stands for Innovate for the Future, Make it Easy, Provide Exceptional Service, Acknowledge & Celebrate Success, Commit to Caring and Thrive Together) The associates of Republic Bank are the key to our success as an organization and we value our associates. It's one of the reasons we've been named as one of the Best Places to Work in Kentucky for the last seven years! For more information about the company, please visit www.republicbank.com.
POSITION PURPOSE AND OBJECTIVES:
The Profitability Team Lead is a key partner in managing the daily operations and on-going programs of the department. This position helps ensure accurate and effective reporting to stakeholders and leverages its deep understanding of profitability to support strategic revenue-generating initiatives and overall growth of the Bank. In addition, this position is expected to maintain understanding of departmental processes to provide support and answer questions to others on the team and managing/disbursing the workload of the team.
MINIMUM QUALIFICATIONS:
• Minimum of 5 years' experience in a profitability and/or pricing role required, preferably in the financial services industry.
• Previous supervisor experience preferred.
• Demonstrates a strong knowledge of profitability, pricing, and performance data and trends.
ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES:
• Responsible for the Bank's loan and deposit pricing calculator maintenance and communication.
• Update the unit cost and FTP tables within the Bank's CRM system, adjusting for changes in market conditions and/or changes in Bank strategy as needed.
• Monitor results and usage of the pricing calculator, including back-testing actual results versus calculated forecasts.
• Responsible for the oversight of CRM householding/relationship data to best support profitability and pricing analysis. This includes collaborating with the Bank's CRM and Sales teams to support the on-going upkeep of this data.
• Oversee training programs related to the self-service pricing and profitability tools utilized across the Bank.
• Process month-end updates to the Bank's profitability and incentive data models.
• Understand the drivers of relationship and portfolio profit performance and how they impact Bank strategy.
• Collaborate with multiple business units and other cross-functional teams to complete strategic projects as needed.
• Prepare profitability reports/analysis as needed for internal stakeholders.
• Responsible for the validation and maintenance of incentive model calculations and distribution of monthly officer reporting.
• Assist with training of new associates; deliver components of new associate training and job-specific training courses as needed.
• Serve as a department subject matter expert regarding policies and procedures; perform periodic procedure review to create/update as needed. Provide training for these tasks as needed.
• Assist with projects that effect the department as needed.
• Oversight of department software applications.
• Serve as primary backup when manager is out.
• Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.
• Model and foster behaviors that support the Bank's values and corporate culture creating an atmosphere of trust, cooperation, accountability, and dedication to the organization.
• Willingly perform all other duties and projects as assigned.
INTERPERSONAL SKILLS AND COMPETENCIES REQUIRED:
• Excellent verbal and written communication skills.
• Ability to organize and prioritize to meet deadlines.
• Detail oriented with strong organizational skills.
• Requires a high-energy level and strong sense of urgency.
• Ability to recommend practical ways of using innovation, good judgment, creativity, and strategic thinking.
PHYSICAL REQUIREMENTS:
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this position, the associate is regularly required to sit, use hands to finger, handle, or feel; and talk or hear. The associate frequently is required to stand or walk. The associate is occasionally required to reach with hands and arms. The associate must occasionally lift and/or move 10 pounds. Specific vision abilities required by this position include close vision, and distance vision. The noise level in the work environment is usually moderate.
OTHER REQUIREMENTS:
• Travel between Republic Bank facilities.
• Occasional out-of-town travel may be required.
• Flexible work schedule that will include some evenings and weekends.
• Stay abreast of new developments, best practices, and statutory and regulatory changes.
**The above is intended to describe the general content of and requirements for the performance of this position. It is not construed as an exhaustive statement of duties, responsibilities, or requirements.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)