Lead Product Analyst

Lead Product Analyst

A Lead Product Analyst is a mid-level individual contributor responsible for ensuring a product's value and viability within a product line. This role involves leading empowered, cross-functional product teams to solve customer problems that align with business needs. Being a mid-level product management role, you will have the opportunity to own products of lesser complexity that drive business value. The Lead Product Analyst, like any of our product managers, is accountable for the product's success, from vision to execution, and collaborates closely with various functions and stakeholders to deliver valuable, viable, usable, and feasible solutions.

Key Responsibilities

1. Product Accountability
• Responsible and accountable for the product's value and viability, including profit and loss
• Formulate and achieve Key Performance Indicators (KPIs) for identified problems to solve.
• Drive strategy-aligned solutions to achieve product profit and loss objectives.
• Measure KPIs and analyze outcomes to inform future strategies.
2. Vision and Strategy
• Co-create, own, and evangelize the product vision, strategy, and roadmap.
• Align product objectives with the product line and business goals.
• Co-create in collaboration with business stakeholders, engineering, experience, and delivery.
3. Market and User Engagement
• Conduct user research and competitive analysis.
• Engage the team with users and stakeholders through continuous research and direct interactions.
• Collaborate and guide the team toward solutions that address priority user and business needs.
4. Collaboration and Teamwork
• Work side-by-side with cross-functional (business, engineering, experience, and delivery) team members to achieve KPI outcomes.
• Promote a product operating model that emphasizes outcomes over output (minimize overproduction while maximizing value).
• Build empowered teams and product communities who exhibit collective product ownership.
5. Continuous Improvement
• Remove obstacles for the team and ensure smooth flow of continuous value achievement.
• Promote and drive rapid, emergent, and ongoing learning and adaptation to meet objectives.
• Drive innovation and improvement of the process to drive out waste and accelerate value achievement
• Spread knowledge and best practices within the product vertical community.

Qualifications

1. Education
• Bachelor's degree in Business, Marketing, Engineering, or a related field.
2. Experience
• Ability to travel 0-10%, on average, based on the work you do and the clients and industries/sectors you serve
• 5-8+ years of proven experience in product management or related roles.
• Experience being accountable for value and viability results for an empowered product team.
• Experience in modern product craft of delivering the right thing, in the right way, at the right time.
• Accountability for value, viability and P&L objectives for a product.
3. Skills
• Strong analytical and problem-solving skills.
• Strong communication and collaboration abilities.
• Ability to influence at all organizational levels through inclusion and leadership.
• Detail-oriented, organized, and visionary.
• Learning-forward, experimental, and value-oriented mindset.
• Customer-centric methods and practices.
• Experience in modern product management craft and domain (tools, methods, and practices).
• Ability to navigate complexity and uncertainty.
4. Domain Knowledge
• Domain knowledge across one or more business areas.
• Quick to reach expert-level knowledge within the product domain being served.
5. Personal Traits
• Leadership capabilities and aptitude.
• Customer-centric mindset.
• Ability to work as an individual contributor in a collaborative, cross-functional team.
6. Beliefs and Methods
• Humble, curious, and learning-forward mindset.
• Favor small step action and evidence over detailed upfront planning and precision aiming.
• Experience with lean solutions and rapid, inexpensive experimentation to emerge the right thing, in the right way, at the right time.
• High levels of continuous customer and user engagement.

Core Competencies

• Analytical Skills : Ability to analyze data and derive actionable insights.
• Problem-Solving : Innovative and experimental approach to solving complex problems.
• Communication : Clear and effective communication with team members, stakeholders, and customers.
• Leadership : Ability to lead and inspire cross-functional teams, fostering collaboration and collective movement toward product goals.
• Customer-Centricity : Deep understanding of customer needs and engagement patterns, driving teams to deliver solutions that customers love and that work for the business.
• Strategic Thinking : Ability to develop and execute a strategic vision for the product, aligning it with broader business objectives.

Conclusion

The Lead Product Analyst plays a crucial role in ensuring the success of our less complex yet valuable products by balancing customer needs with business objectives. This role requires a blend of strategic vision, analytical skills, and collaborative teamwork to deliver valuable, viable, usable, and feasible solutions. It demands some experience in the modern product management craft and a drive for continuous improvement.

For individuals assigned and/or hired to work in California, Colorado, Hawaii, Illinois, New Jersey, Maryland, Minnesota, Nevada, New York state, Washington State, and Washington, DC, Deloitte is required by law to include a reasonable estimate of the compensation range for this role. This compensation range is specific and takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $88600 to $181900.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.