at Synchrony in Chicago, Illinois, United States
Job Description
Job Description:
Role Summary/Purpose:
As part of the Synchrony Pricing COE, you will participate in managing deal processes across all five sales platforms. This involves renewals, pricing changes (including promotional offers), contract negotiations, portfolio acquisitions and start-ups.
We’re proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.
Essential Responsibilities:
+ Support Platform Pricing COE leader and team in managing deal processes across all five sales platforms for renewals, pricing changes (including promotional offers), contract negotiations, portfolio acquisitions and start-ups. For select opportunities, lead the pricing process.
+ Support Platform Pricing COE leader and team in analyzing and proposing deal economic structures for renewal and business development opportunities. For select opportunities lead the derivation of deal economic structures. Develop appropriate economic sensitivities for 2nd line, Working Group, Investment Risk Sub-Committee, and regulatory requirements.
+ As part of contract negotiation team, participate in the discussion on pricing matters by working closely with Legal and the Client.
+ Participate in Third Party discussions including on-site proposal meetings with customers and their representatives.
+ Provide due diligence support and leadership as needed for portfolio purchases and valuations.
+ Support and execute on key projects to improve the transparency and sustainability of the pricing process (e.g. model enhancements, client compensation analysis, multi-product pricing).
+ For deals assigned, work with cross-functional deal team (Credit, Marketing, Sales/Business Development) in developing assumptions and ensure all assumptions are aligned and sufficiently challenged.
+ Participate in pricing discussions in Working Group and Investment Risk Sub-Committee meetings.
+ Lead or assist in managing the model governance framework including model monitoring submissions and annual model governance reviews.
+ Perform other duties and/or special projects as assigned
Qualifications/Requirements:
+ Bachelor’s Degree in Accounting or Finance and a minimum 5 years progressive financial experience.
+ In lieu of a degree, a minimum of 9 years of progressive financial experience
+ Minimum of 3 years of financial modeling experience.
Desired Characteristics:
+ Strong analytical skills including the ability to identify key trends, quantify analysis and recommend changes to meet objectives.
+ Must have an excellent presence and be able to communicate well and present ideas in a clear and concise manner.
+ Proven process skills including a demonstrated ability to drive change.
+ Resourceful, creative; independent, ability to work in a fast-pasted dynamic environment.
+ Ability to work well in a team environment and to effectively interact with senior management and the Sales/Business Development organization.
+ Knowledge of Consumer finance preferred.
Grade/Level: 13
The salary range for this position is 130,000.00 – 210,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.
Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.
Salaries are adjusted according to market in CA, NY Metro and Seattle.
Eligibility Requirements:
+ You must be 18 years or older
+ You must have a high school diploma or equivalent
+ You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process
+ You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
+ New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months’ time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months’ time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don’t meet the time in position or performance expectations).
Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Our Commitment:
When you join us, you’ll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we’re building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks+ (https://www.synchronycareers.com/our-culture/#diversity) , with more than 60% of our workforce engaged, you’ll find community to connect with an opportunity to go beyond your passions.
This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.
Reasonable Accommodation Notice:
+ Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
+ If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am – 5pm Monday to Friday, Central Standard Time
Job Family Group:
Finance