New Product Development Specialist - In Office, Hybrid, Remote

Posted 17 Days Ago
Be an Early Applicant
Hiring Remotely in Paramus, NJ
In-Office or Remote
100K-130K Annually
Senior level
Financial Services
The Role
The New Product Development Specialist will manage product lifecycle activities, enhance existing products, conduct market research, and collaborate across teams to improve product offerings and performance.
Summary Generated by Built In
Company Description

Longbridge Financial has launched HELOC For Seniors® — a first-of-its-kind home equity line of credit (HELOC) designed for homeowners 62+. This isn’t just another HELOC; it’s a game-changer, helping to transform how seniors access the wealth in their homes on terms designed for them. Due to a very successful initial launch and overwhelmingly positive market response, we’re actively recruiting and forming a team of seasoned HELOC professionals ready to take this to the next level as we continue our expansions.   

If you’re building your career in the HELOC space and are ready for a new, meaningful challenge, this is your opportunity to make a significant impact — with one of the nation’s leading forces in senior home equity solutions. 

At Longbridge, you’ll have the support of a trusted national lender and servicer, along with the chance to shape growth, impact lives, and redefine what home equity means for today’s older homeowners. 

 Bring your expertise. Expand your influence. Be part of something truly revolutionary in home equity lending. 

 

 

 

Job Description

Reporting to the Director of Product and Strategic Development the New Product Development Specialist assists in managing cross-functional projects and contributing to new and existing product development. Individuals must exhibit strong analytical skills within their assessments, strong organizational/time management skills, and exceptional communication skills when interacting with all levels of employees within the company. Experience in the HELOC and/or Banking industry is highly preferred.

Primary Job Duties:

  •  Identify opportunities within target markets to support product enhancements and new product development and portfolio growth.
  •  Support cross-functional initiatives involving sales, marketing, capital markets, training, operations, underwriting and IT.
  •  Manage product lifecycle activities from ideation through implementation, ensuring milestones are met.
  •  Proactively identify project risks and provide practical solutions to maintain timelines.
  •  Conduct competitive intelligence research and track trends across relevant markets.
  •  Foster a culture of continuous improvement by recommending enhancements to department processes and outputs.
  •  Leverage experience in HELOC and Banking industry to think strategically about our product offerings to maintain competitiveness

Key Responsibilities:

  •  Monitor Product Performance: Track and analyze KPIs, adoption rates, user feedback, and support trends to assess how products are performing in real-world use.
  •  Drive Continuous Improvement: Identify opportunities for refinement or enhancement based on data, customer insights, and cross-functional feedback.
  •  Manage Post-Launch Roadmap: Collaborate with sales, IT, marketing, and operations to prioritize and execute post-launch updates or fixes.
  •  User Feedback Loop: Establish structured channels to collect and interpret feedback from users, customer service, sales, and partners.
  •  Issue Resolution: Proactively identify post-launch issues and coordinate solutions with technical and business teams to minimize user friction and risk.
  •  Training and Enablement: Support internal teams (e.g., sales, customer support) with updated product knowledge, documentation, and FAQs based on what’s learned in the field.
  •  Stakeholder Communication: Deliver regular reports and presentations to leadership outlining product performance, lessons learned, and next steps.
  •  Cross-Functional Collaboration: Partner closely with marketing, operations, and engineering to ensure alignment on priorities and resource allocation.

Qualifications

 

  •  5+ years of relevant experience, preferably in the mortgage or reverse mortgage market.
  • Experience in Banking, and a strong understanding of banking product offering preferred
  •  Strong written and verbal communication skills, including experience managing cross functional projects.
  •  Exceptional attention to detail and commitment to producing high-quality work.
  •  Demonstrated problem-solving ability and innovative thinking.
  •  Strong organizational and time management skills; able to manage multiple priorities.
  •  Ability to influence decisions and build consensus across levels and functions.
  •  Excellent communication and project management skills
  •  Proven ability to translate feedback into actionable improvements
  •  Highly collaborative and able to work across departments
  •  Detail-oriented and organized, with a focus on execution and results
  •  Strong analytical skills, comfortable with metrics, dashboards, and basic data tools (ie. Excel, Tableau, etc.)

·

 

Additional Information

  • Working in a growing and dynamic industry
  • Full benefits: Medical, Dental, Vision, FSA/HSA, and wide array of voluntary products and discounts
  • 401(k) with company match
  • Paid time off
  • This is an Exempt role
  • Target base salary range is 100K- 130K, which is based on various factors including skills and work experience.
  • In addition to base salary, this role is eligible for a competitive additional compensation program via annual bonus that is based on individual performance.
  • LBF is an EEO/AA/Vet/Disabled Employer
  • Please note that salaries that are estimated on various job sites may not reflect the actual compensation. Job sites, set the estimated salary, not Longbridge Financial.

 

Important Note: When you click on a video, certain personal information may be sent to the video provider (such as YouTube, Vimeo, etc.). To learn more about our privacy practices, please review our company Privacy Notice.

 

Top Skills

Excel
Tableau
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The Company
Mahwah, NJ
362 Employees
Year Founded: 2012

What We Do

REVERSE MORTGAGE
A Reverse Mortgage can unlock the equity in your home for a more secure retirement.

Longbridge Financial. LLC helps qualifying homeowners take some of the financial stress out of retirement by gaining immediate access to the home equity they have built up over the years. We do this through a Reverse Mortgage – more accurately now called a Home Equity Conversion Mortgage (HECM).

The result is a retirement with more income, and no mortgage payments.

Let us help you get more out of your home and retirement.

Watch our short video at: www.longbridge-financial.com/what-is-a-reverse-mortgage-2

Visit us online at www.longbridge-financial.com. Or call 1-855-523-4326.

NMLS# 957935
NMLS consumer access - http://nmlsconsumeraccess.org

Longbridge Financial is a proud Equal Housing Opportunity Lender.

Privacy Policy:
https://longbridge-financial.com/privacy-policy/

Longbridge is a Licensed Mortgage Banker in the State of New York, but this site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in the State of New York will be accepted through this site.

Any information submitted through this page, including complaints or personal information, is subject to the privacy and security policies of the operator of this social media website, which policies are not under Longbridge Financial, LLC’s control. In sending any content through this page, you assume all risks and responsibilities related to the security, privacy, and confidentiality thereof.

This page may contain links to other third-party websites. When you click on these links you will leave this page and will be redirected to another site. These links are provided as a convenience and do not imply endorsement or approval by Longbridge Financial, LLC of any of these sites. Longbridge Financial, LLC does not control these sites and is not responsible for the content provided therein.

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