"Alerted.org

PENNYMAC

Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

A Typical Day

The Assistant Vice President, Product Owner will be responsible for helping define the product vision, prioritizing the backlog, and maximizing the business value for the core strategic pillars: Analytics Platform/BI Tools and Data Engineering Infrastructure. This role focuses on driving cost reduction, platform stability, and user efficiency by successfully decommissioning legacy systems and standardizing the BI ecosystem. You will operate at the critical intersection of business strategy, data engineering, and analytics enablement. Your primary focus will be to accelerate the adoption of cutting-edge BI tools and the Snowflake Analytics Platform, ensuring our data solutions directly support and enhance business objectives.

The A VP Product Owner will :

+ Define and articulate the product vision, strategy, and roadmap for our analytics and data engineering initiatives.

+ Translate business needs into clear, actionable requirements and user stories for data engineering and BI development teams.

+ Prioritize the backlog of features and enhancements, ensuring alignment with strategic goals and delivering maximum business value.

+ Collaborate closely with stakeholders across business units, data engineering, and analytics teams to gather requirements, manage expectations, and ensure successful product delivery.

+ Drive the adoption and optimization of BI tools and the Snowflake Analytics Platform, providing guidance and support to users.

+ Monitor and analyze product performance, identifying opportunities for improvement and innovation.

+ Champion data governance and quality initiatives to ensure the integrity and reliability of our data assets.

+ Stay abreast of industry trends and emerging technologies in data and analytics, incorporating best practices into our product strategy.

+ BI Tool Modernization: Own the roadmap for the Sigma Adoption & Migration initiative, ensuring the successful transition of reports from legacy BI formats (Tableau, Excel, SSRS) to achieve Direct Cost Reduction & Productivity.

+ User Efficiency & Self-Service: Drive initiatives for User Empowerment (Self-Service in Sigma) to significantly reduce ad-hoc requests to the Data Engineering team and enable faster business decisions.

+ Cost Governance: Oversee the License & Cost Optimization strategy, establishing and tracking usage KPIs and a defined licensing approach for all BI tools to ensure measurable cost savings.

+ Platform Stability: Enforce the BI Tool Governance (Readiness Checklist) to standardize the onboarding of new reports, thereby preventing errors and ensuring platform stability and scalability. Data Engineering Infrastructure and TCO Reduction

+ Legacy Decommissioning: Lead the initiative for Legacy System Decommissioning (SQL/on-prem databases) by prioritizing migration to Snowflake to achieve Significant Total Cost of Ownership (TCO) Reduction on hardware and legacy licensing.

+ Cost Control: Direct the focus on Optimization & Performance within Snowflake to control cloud expenditure, actively working to reduce monthly compute and storage costs.

+ Operational Resiliency: Define and prioritize work to achieve high Operational Resiliency, specifically implementing automated resolution for Pennypipe failures to ensure "zero business-critical reporting outages" and protect revenue.

+ Migration Acceleration: Prioritize SQL Server Reduction & Migration Cleanup efforts to accelerate the overall modernization timeline and shorten the path to TCO reduction.

What You’ll Bring

+ Proven experience as a Product Owner in Data, BI, or Infrastructure domains.

+ Deep understanding of cloud data warehousing (e.g., Snowflake) and BI tool ecosystems (e.g., Sigma, Tableau).

+ Strong ability to balance technical modernization efforts with business value and ROI (TCO reduction, cost control, efficiency).

+ Experience in managing and prioritizing backlogs (JIRA, Kanban, Scrum) for platform teams with competing goals (e.g., migration vs. operational support)

Why You Should Join

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:

+ Comprehensive Medical, Dental, and Vision

+ Paid Time Off Programs including vacation, holidays, illness, and parental leave

+ Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)

+ Retirement benefits, life insurance, 401k match, and tuition reimbursement

+ Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

To learn more about our benefits visit: https://pennymacnews.page.link/benefits

For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:

+ Lower in range - Building skills and experience in the role

+ Mid-range - Experience and skills align with proficiency in the role

+ Higher in range - Experience and skills add value above typical requirements of the role

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.

Salary

$95,000 - $155,000

Work Model

OFFICE