Principal Financial Product Development

Empowered to live. Inspired to work.
Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally.

• Hybrid model – up to 50% work from home
• Flexible schedules including ample flexibility in the summer months
• Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
• Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP
• Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
• Learning and development programs
• Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)
• Professional membership/certification reimbursement and more!

Casual/seasonal & intern team members are not eligible for benefits except for state-mandated programs.

This position offers a hybrid work option up to 50% remote and is based out of the Bloomington, IL;
Sun Prairie, WI; or Lakeville, MN office locations.

This position is responsible for creating and implementing a repeatable process for product definition, development, optimization, and management that aligns with the company’s objectives and market needs. Responsibilities include working with company stakeholders to identify market opportunities, sharing and managing to a process for developing new lending products, and developing and standardizing the process to optimize existing products to ensure a competitive edge and enhance the client experience.

Close collaboration with internal teams is essential to deliver impactful products that drive revenue growth and market differentiation.

• Develop and execute a comprehensive process to ideate, test, develop and optimize for loan products aligned with organizational goals and market demands.
• Document this standard process for loan product development, ensuring each stage from ideation to launch is clearly defined and repeatable from concept through to client experience. Communicate this process with all business areas including sales, new markets, BT and credit to ensure a shared understanding of the framework and the benchmarks associated with each step.
• Build a Product Development Life Cycle (PDLC) playbook for the organization.
• Collect regular market assessments and competitive analyses to identify emerging trends and opportunities for differentiation.
• Work with cross functional partners to Identify product features and specifications based on client feedback, regulatory requirements, and business objectives.
• Collaborate with cross-functional teams including finance, marketing, risk management, and technology to design loan products that meet client needs while balancing risk and profitability.
• Lead the launch of new loan products and coordinate with marketing, sales and sales enablement teams for go to market strategies and product promotion.
• Develop and standardize the key performance indicators (KPIs) and metrics to determine the performance of loan products.

• Partner with market research to develop and utilize client feedback, surveys, and focus groups to gain insights into client preferences and pain points, informing product design decisions.
• Collaborate with Sales Enablement and Marketing to build comprehensive…