Associate Vice President, Product Development

Location: Headquarters
Department: Research and Industry Technology
Req #: 331
# of openings: 1

Description

SUMMARY:

This individual is responsible for developing and managing products for the Mortgage Industry Standards Organization (MISMO).  MISMO is the standards organization for the mortgage industry. MISMO is a 501(C)(6) subsidiary of the MBA.  He/she will exhibit the skills necessary to act as the executive of a large, member-based organization. He/she will be accountable to the senior officers of the organization and to the MISMO Board of Directors.  He/she will have responsibility for ensuring that new products are developed that meet the needs of the mortgage industry while ensuring that they provide sufficient revenue to support all activities of the organization.  He/she should have a solid understanding of mortgage origination and servicing practices, data, and standards as well as broad knowledge regarding the structure of the mortgage industry.  

 

This individual will have new product development experience, along with a blend of management, business, data and technology expertise.  The individual must also be able to provide leadership and guidance to individuals working at many companies across the entire mortgage industry.

 

PRIMARY RESPONSIBILITIES:

  1. Generate ideas for products that serve the needs of the broad mortgage industry
    1. Conduct regular discussions with individuals from all facets of the industry to identify problematic areas
    2. Develop ideas for solutions to industry problems
    3. Properly vet ideas with industry experts
    4. Maintain a continually evolving list of product ideas
  2. Develop business case for products
    1. Document the impact of the proposed product on affected groups
    2. Determine the likelihood of adoption
    3. Identify additional collateral necessary for adoption
    4. Determine appropriate product pricing that generates sufficient revenue while ensuring broad adoption
    5. Recommend initiation of development for financially viable products
  3. Oversee the development of selected products
    1. Select and manage resources to develop the products
    2. Ensure products are delivered in a timely manner
    3. Ensure products are successfully introduced to the industry
  4. Manage Product Rollout
    1. Develop and execute effective marketing and communications plans
  5. Maintain existing products
    1. Develop industry resources to provide feedback to ensure that products continue to meet industry needs
    2. Update and issue revisions to products as necessary
  6. Coordinate activities with the AVP of Industry Standards

 

SPECIFICATIONS:

 

The ideal candidate will possess:

  • Significant experience with product development and management
  • A blend of business, data and technology experience
  • Experience interfacing with all levels of an organization
  • Experience in the mortgage industry or related industry technology
  • Strong communications skills, both written and verbal, and interpersonal skills.  The position requires daily contact with key MISMO, MBA and other customers.
  • Ability to work independently and manage multiple assignments and competing priorities
  • Undergraduate degree combined with 15 plus years of related experience.  Relevant graduate degree may be used to offset some of the direct work experience requirements.

 

All qualified applicants will receive consideration for employment without regard to race, sex, color, religion, sexual orientation, gender identity, national origin, protected veteran status, or on the basis of disability.

 

 




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