Product Development Specialist

Job Title: Product Development Specialist
Job Classification: Technical

Job Summary: Responsible for creating and improving the bank’s products.

B. Duties and Responsibilities
Market Research: Conduct market analysis to identify
customer needs and trends. Analyze competitor products
and identify gaps in the market.
Product Design and Development: Collaborate with
cross-functional teams (engineering, marketing, sales) to
develop new products. Create product specifications,
prototypes, and testing procedures.
Project Management: Manage product development
projects from conception to launch. Develop timelines
and coordinate resources to ensure timely delivery.
Testing and Quality Assurance: Conduct product testing
to ensure quality and compliance with standards. Gather
feedback from customers and make necessary
adjustments.
Documentation: Maintain records of product
specifications, test results, and changes.
Collaboration: Work closely with marketing and sales
teams to develop product positioning and launch
strategies. Provide training and support to sales staff on
new products.
Cost Analysis: Analyze product costs and work on
strategies to optimize profitability.

C. Supervisory Responsibilities:
Supervises the following
positions:

D. Working environment/conditions:
No. of hours of work per week: 8:00AM – 5:00PM (8 hours)

Driving: As Needed

Nature of Work Environment: Office Based

May travel for marketing research, meet with clients

E. Qualification Standard
Education: Bachelor’s degree in Business, Marketing, Engineering, or a related field.

Work Experience:
 Experience in product development or project management.
Training Requirements:  Product Design and Development
 Project Management
 Market Research

Competencies Required:
 Proficient in project management software and tools.
 Knowledge of design software and product testing
methodologies.
 Strong attention to detail and organizational skills.
 Strong analytical and problem-solving skills.
 Excellent communication and teamwork abilities.
 Familiarity with market research and product
lifecycle management.