Chief Manager - Product Development - General Insurance Firm

Job Description:

Designation Chief Manager - Product Development

Location Corporate Office - Mumbai

Reporting to Chief Underwriting Officer

Key Purpose:

- As a key member of the Product development & Underwriting team.

- This role is accountable for market research, innovation & product filing and should have the following traits.

Role and Responsibilities including but not limited to Market research & Innovation.

- Designing of policy wordings & related documents.

- Product filing as per IRDAI norms.

- Liaison with all stakeholders (Sales, IT, Operations, Legal & Compliance) for all product development matters.

- Ensure 100% compliance with all regulatory & product approval related aspects.

- Work with IT and Operations staff to ensure that business requirements are met.

- Product Training to underwriters and other stakeholders.

Qualification and competencies

- B./ B Tech / MBA/PG

- 5-7 Years of experience in product filing with General Insurance firm

- Hands on experience with analytical tools and statistical packages

- Additional Insurance diploma or certification will be preferred

- Excellent comprehension and communication skills

Key Success Indicators:

- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

- Negotiation Skills- Bringing others together and trying to reconcile differences.

- Judgment and Decision Making - Considering the relative costs and risks attached along with the benefits of potential actions to choose the most appropriate one.

- Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions