Business Product Owner (Finance) at Vito Solutions

JOB OVERVIEW:

• One of South Africa's largest retailers known as the friendliest retail brand, winning local and international awards for innovation and the use of state-of-the-art systems and technology.
• The Business Product Owner's role involves effectively managing and growing the business's product portfolio and profitability. This includes expertly overseeing financial services products and cultivating robust relationships with key stakeholders to ensure ongoing product and portfolio expansion. Additionally, the position requires ensuring client projects are successfully completed, adhering to scope, time, and budget constraints. The Business Product Owner also acts as a senior product owner.

DESCRIPTION OF POSITION:

Key Responsibilities:

• Ensure that the financial targets for the fiscal year are achieved.
• Create business proposals to enhance the product lineup.
• Work with the Risk and Compliance teams to confirm all processes and products adhere to regulations.
• Negotiate agreements and maintain strong relationships with suppliers and partners.
• Coordinate with the client's legal team regarding new and existing contracts.
• Partner with the marketing team to develop engaging campaigns.
• Manage projects continuously within set deadlines while collaborating with stakeholders.
• Maintain strong relationships with all internal and external stakeholders.
• Complete all administrative tasks within the expected time frames.
• Regularly negotiate and finalise new products and services with partners.
• Focus on the ongoing enhancement and expansion of the product portfolio.

KNOWLEDGE AND SKILLS:

• Clear understanding of how transactional banking products work and how to derive revenue from this.
• Understanding of the National Payments Systems.
• Stock forecasting/management (for tech products).
• Product management (financials/business cases, projects, analysis).
• Computer literate (MS Office or Google Workspace).
• Intermediate Excel/Google Sheets level.
• Multiple partner management.
• Stakeholder management.
• Relationship/partnership management skills.
• Financial reporting.
• Draft business cases.
• Numerical aptitude.
• Analytical skills.
• Business analysis.

Competencies Required:

• Accuracy.
• Dutifulness.
• Planning.
• Creating support.
• Situational awareness.
• Drive.
• Flexibility.
• Stress resistance.

QUALIFICATIONS REQUIRED:

• Relevant tertiary qualification (e.g. BCom/Marketing Degree).

EXPERIENCE REQUIRED:

• 3 - 5 years of related work experience (either insurance or credit/sales or loans or bill payments, fintech products, tech products, banking).
• Must have worked in a debit/credit card product environment.

ADVANTAGEOUS SKILLS:

• Experience in the payment environment will be an advantage.
• Any experience within the financial services industry will be an advantage.
• Project management will be an advantage.