AVP/VP - Product Manager - Third Party Products - General Insurance/Health Insurance

AVP/VP - Product Manager - General Insurance/Health Insurance

Product Manager (Third Party Products- GI)

Department - Third Party Products

Location - Mumbai

Number of Positions 1

Reporting Relationships Sr. Vice President

Position Grade - M6/M7

Product Manager for General Insurance - head of the GI product team

- Overall responsibility for managing the distribution activity of the product category for the bank including P&L, regulatory compliance and audit and quality aspects.

- Develop and implement innovative products with the insurer and devise digital solutions for increasing the penetration of the product on the banks base through ease of sale.

- To co-ordinate with all internal departments of the bank for various product & process related items and create and drive relevant programs and schemes

- To help channel in analytics based Lead generation from existing database

- To create and manage product training programs across the country through the insurer/training team.

- To support channel with planned customer campaigns & marketing drives.

- To analyze the industry trends and products & work out propositions for suitable segments.

- To handle the distance/ direct marketing initiatives in co-ordination with the third party vendor, insurance partner & the in-house teams for the General Insurance.

- To drive General Insurance IRDA certification of the team.

- To have regular communications with channel on business drives, support items, recognition programs and regulatory changes.

- Ensuring delivery of all items related to product, P&L, MIS, digital, IT and analytics for the entire bank including all its divisions like assets, rural, agri apart from the main consumer bank.

- Excellent written and oral communication skills

- Post Graduate Degree with relevant work experience in Banking/Insurance

- Basic understanding of general insurance products & business.

- Digital savvy in both understanding customer trends and devising solutions.

- Analytical skills to evaluate various product/process ideas and deliver to the customers/channel.

- Team player with ability to work with wide and diverse group of teams on various projects and connect with the sales teams for driving the distribution channels.

- Strong mindset to adhere & comply with internal compliance & audit norms/requirements

- Should be a result oriented, go-getter, have a passion for success and be able to work under deadlines