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Vice President Product Development Jobs in Springfield, IL

Farm Credit Illinois

AVP/VP, Lending

Taylorville, IL · On-site

... development and career growth opportunities. Opportunity to work for a reputable and community ... products • Originate loans by assessing member and prospect needs, identifying growth ...

LRS

Account Executive

Springfield, IL

The VP of Product Development and Support, VP of North American Sales and EOM Services, VP of European Sales, VP of Capella Technologies Division, Director of Product Management, Director of ...

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Vice President Product Development information

See Springfield, IL salary details

$97.1K

$224.8K

$396.4K

How much do vice president product development jobs pay per year?

As of Jul 31, 2026, the average yearly pay for vice president product development in Springfield, IL is $224,836.00, according to ZipRecruiter salary data. Most workers in this role earn between $168,000.00 and $275,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Vice President Product Development, and why are they important?

To thrive as a Vice President Product Development, you need extensive experience in product strategy, market analysis, and cross-functional leadership, often supported by an advanced degree in business or engineering. Familiarity with product lifecycle management tools, agile methodologies, and data analytics platforms is typically required. Exceptional communication, strategic vision, and the ability to foster innovation are crucial soft skills in this role. These competencies drive successful product launches, align teams with business goals, and ensure competitive advantage in the marketplace.

How does a Vice President of Product Development typically collaborate with cross-functional teams to drive product innovation?

As a Vice President of Product Development, you'll work closely with engineering, marketing, sales, and customer support teams to ensure products meet both market needs and business goals. Regular strategy meetings, alignment sessions, and agile development practices are common to foster open communication and rapid decision-making. You'll often be responsible for setting the product vision, prioritizing features, and resolving conflicts between departments. Building strong relationships across teams is essential for successful product launches and continuous innovation.

What does a Vice President of Product Development do?

A Vice President of Product Development oversees the strategy, design, and execution of new products or improvements to existing products within a company. They lead cross-functional teams, collaborate with marketing, engineering, and sales departments, and ensure that product development aligns with the company's business goals. This executive is responsible for managing budgets, timelines, and resources, as well as monitoring market trends to guide product innovation. Their leadership is crucial for bringing successful products to market and maintaining a competitive edge.

What is the difference between Vice President Product Development vs Product Manager?

AspectVice President Product DevelopmentProduct Manager
ResponsibilitiesOversees entire product development strategy, manages teams, and aligns product goals with company objectives.Focuses on defining product features, managing product lifecycle, and coordinating with cross-functional teams.
Required CredentialsBachelor's or Master’s in Business, Engineering, or related fields; extensive experience in product development; leadership skills.Bachelor's in Business, Engineering, or related fields; experience in product management; strong communication skills.
Work EnvironmentExecutive-level, strategic planning, leadership meetings, cross-department collaboration.Project-focused, collaborative with engineering, design, marketing teams.

The Vice President Product Development holds a senior leadership role responsible for strategic oversight and team management, while the Product Manager focuses on product planning and execution. Both roles require relevant credentials and industry experience, but the VP is more involved in high-level strategy and leadership.

What are the most commonly searched types of Product Development jobs in Springfield, IL? The most popular types of Product Development jobs in Springfield, IL are:
What job categories do people searching Vice President Product Development jobs in Springfield, IL look for? The top searched job categories for Vice President Product Development jobs in Springfield, IL are:
What cities near Springfield, IL are hiring for Vice President Product Development jobs? Cities near Springfield, IL with the most Vice President Product Development job openings:
Vice President Product Development jobs near you

AVP/VP, Lending

Farm Credit Illinois

Taylorville, IL

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 14 days ago

Job description

About Farm Credit Illinois

Farm Credit Illinois (FCI) is an agricultural financial cooperative owned by more than 17,400 farmer, rural landowner, and agribusiness voting stockholders in the southern 60 counties of Illinois. Dedicated to Helping Farm Families Succeed, FCI provides competitive and flexible financing, crop insurance expertise, and Rural 1st country life lending. FCI manages an 8 billion loan portfolio, sells 1.5 million acres of crop insurance coverage, and employs approximately 300 staff in the Mahomet headquarters and 14 regional offices. The U.S. Farm Credit System is a network of locally owned cooperatives supporting rural communities, farm families, and agriculture with reliable, consistent credit and financial services today and tomorrow.

Why Join Us

Competitive compensation package. Grade and salary commensurate with experience, with an annualized base salary range of COMPENSATION.RANGE plus a bonus based on team and individual performance. This range is a good-faith and reasonable estimate of the range of possible compensation at the time of this posting.

Comprehensive benefit package includes 401(k) with 3% employer contribution and 6% employer match, vacation days, sick days, 13 paid holidays, parental leave, and volunteer leave, along with medical, dental, vision, and life insurance as further described at https://www.farmcreditfoundations.com/fcfbenefits/

 Professional development and career growth opportunities.

Opportunity to work for a reputable and community-focused financial institution dedicated to a positive, collaborative work environment that encompasses the association's mission to serve our members and the agricultural industry as we strive to help farm families succeed

The Role

The Assistant Vice President and Vice President of Lending maintains, grows, and services a portfolio while representing Farm Credit Illinois in the community and creating relationships with the people of rural America.

What You Will Contribute

       Build relationships and generate new business by actively engaging in the agricultural community, identifying prospects and referral sources, and participating in member and industry events

       Drive loan growth by pursuing new business opportunities, expanding relationships through referrals and crossselling, and maintaining an active prospect pipeline

       Apply agricultural and business knowledge to assess financial positions, advise on credit decisions, and deliver practical lending solutions across available loan products

       Originate loans by assessing member and prospect needs, identifying growth opportunities, and partnering with team members to prepare complete applications

       Prepare and support credit packages through financial analysis and collaboration with Credit Services and loan committees

       Close loans by ensuring accuracy and adherence to credit standards while delivering a positive and consistent member experience

       Proactively manage and service the loan portfolio by anticipating servicing needs, identifying and addressing risk, monitoring market conditions, and implementing effective servicing plans

What We Are Looking For

Required Skills

  • General knowledge of agricultural economics and farm operations
  • Strong analytical, problemsolving, and decisionmaking skills
  • Ability to assess complex financial and business information
  • Effective communication and relationshipbuilding skills
  • Comfort using technology and data to improve efficiency and sales effectiveness
  • Ability to collaborate, build trust, and work effectively across teams

Minimum Qualifications

  • Bachelor's degree in business, finance, agriculture, or a related field
    or equivalent education, experience, and skillset sufficient to perform the essential functions of the role
    • Assistant Vice President level: No prior experience required
    • Vice President level: Minimum of 3 years of experience in sales or an agrelated field
  • Willingness and ability to travel throughout the assigned territory

Farm Credit Illinois is an Equal Employment / Affirmative Action employer. We do not discriminate in hiring based on any characteristic protected by law.

If you need a reasonable accommodation for any part of the employment process, please contact us by email at careers@farmcreditIL.com and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this e-mail address.

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