Jobs Companies Bank of America Workplace Benefits Product Manager

About this Workplace Benefits Product Manager role at Bank of America

Bank of America · Onsite · Pennington

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
Responsibilities include monitoring financial performance of Retirement product, working with more senior Product Managers in developing product plans, strategies and enhancements, and performing data collection and coordination activities.

Responsibilities:

  • Understanding the product and responding to inquiries from internal stakeholders

  • Ability to work with Excel

  • Day to day administration

  • Communicating with stakeholders on product updates, training and reporting related topics

  • Identifying processes requiring improvement or automation to mitigate risk to the business

  • Identifying escalated items and working with management towards a timely resolution

Required:

  • Minimum 10 years experience, Workplace Benefits product experience preferred

  • Project management experience

Desired:

  • Keen communication skills

  • Highly organized

  • Strategic in mindset and approach

  • Strong Excel background

Skills:

  • Business Acumen

  • Data Management

  • Oral Communications

  • Presentation Skills

  • Written Communications

  • Benefits Plan Development

  • Business Analytics

  • Collaboration

  • Sales Performance Management

  • Stakeholder Management

  • Analytical Thinking

  • Benchmarking

  • Innovative Thinking

  • Problem Solving

  • Product Management

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent. Bachelor’s Degree or equivalent work experience preferred.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Pennington - 1400 American Blvd - Hopewell Bldg 4 (NJ2140)

Pay and benefits information

Pay range

$85,500.00 - $111,200.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
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How this Product Manager salary compares

This role pays $98,350/yrbelow the typical range for Product Manager roles.

$108,548 median $170,500 $240,204

Typical range $136,000–$205,000/yr, from 4,761 comparable Product Manager listings on JobsRadar (pay annualized to USD). See Product Manager salary insights →

About Bank of America

Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity. Getting started Regardless of the position you are interested in, the starting points to building your resume are the same: 1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications. 2. Think about why you can do the job and make a list of your skills that are relative to the job. 3. Identify experiences or accomplishments that show your proficiency in t

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