12/06 Ruchika Bhardwaj
Managing Partner / Founder at Workoid Consultants

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Deputy Manager - Product Management - Insurance Firm (2-5 yrs)

Gurgaon/Gurugram Job Code: 708098

We are looking for Deputy Manager - Product Management for a leading Insurance company based at Gurgaon.

Job Location : Corporate HQ, Gurgaon

Education : MBA Reputed business school with excellent academic track record.

CTC : Best in Industry

Department : Products

Function : Product Management & Channel Marketing

Reporting to : VP - Product Management & Channel Marketing

Exp : 2 yr - 5 yrs with 1 year in sales

Nature of the Role : Individual Contributor

Working Timings : 9 am onwards, 5 days working

Industry Preference: Financial services, automobiles or consulting sector.

KEY RESPONSIBILITIES - Product Management:

1. New Product identification and development :

- Identification of new product opportunities

- Project management and coordination with other departments like Operations, Finance and Marketing

- Responsible for creating sales literature, filing and launch readiness of new products

- IRDA discussions/ negotiations and response to queries, decisions thereof/ alternatives to be proposed by PCM, thereafter convincing and aligning Channel Head and/or Distribution partners

- Ensure Impactful Launch, adhering to New Product Development lifecycle, of New products/ Sales concepts

2. Channel Management:

Assist product channel manager in the following aspects :

- Enable distribution head to optimize the top line and bottom line results

- Identification of trends and improvement areas which help distribution performance

- Coordinate with other departments to ensure channel initiatives are launched and run smoothly.

- Help in the execution of the product strategy, business planning and strategic deployment basis market trends and company strategy

3. Important Activities:

- Create Sales concepts bundled with Bank's core products

- Develop sales tools for product/ segments with support from the marketing team

- Supporting organization-wide projects like driving - protection products sales-

- Publish monthly engagement dashboard report to all stakeholders

KEY RESPONSIBILITIES - Channel Marketing

1. Launch products and increase LI penetration across segments with Bank partners: Develop and manage campaigns for new/ existing products in addition to segment specific campaigns-

- Increase penetration of new & existing product in the specific seller helping in product penetration through various marketing activities and initiatives

2. Work with the Bank to Activate various sellers and visibilise the brand: Build Visibility for th brand across touch points-

- Ensure visibility for the brand across Bank touch points leveraging its assets

- Evaluate the feasibility of joint campaigns and partner with the Bank to popularise the products/brand and increase activisation of seller \ branches by customizing campaigns

3. Compliance with Regulatory and Legal guidelines

- Use & File of all customer-facing marketing collaterals, along with its management

- Ensure necessary approvals from relevant departments for all communication (internal/external)
 
Important activities :

- Creative Agency Management: Ensuring quality output and managing timely delivery

- Spends management: Ensure maximum cost efficacy of marketing budgets

- Marketing / Brand: Integrate all communication so that it is commensurate with the Brand thought

KEY COMPETENCIES/SKILLS REQUIRED :

- Proficiency in MS PowerPoint, MS Word and MS Excel

- Ability to work with cross-functional teams, strong networking and interpersonal skills

- Data interpretation skills (analytical in nature)

- Detail- oriented, organized, critical thinker with strong work ethics

- Good interpersonal & communication skill

MEASURES OF SUCCESS :

- To bring a comprehensive product and marketing view to the channel partner and internal leadership to ensure that organization strategy is well deployed

- On time delivery of product filing plans: Quarter-wise adherence & delivery of approved product calendar

- Adherence to regulatory boundaries for product development & marketing communication

- Consistent and error-free document creation, along with necessary approvals

- The comprehensiveness of market & sales analysis

- Smooth coordination with other departments: Regular project management and updates to senior management

- Timely and accurate management reporting at agreed timelines to enable decision making for leadership

If the above role excites you, Kindly share your updated Photo Word (Doc) resume with the below-mentioned details -

Name :
Current Residence Location :
Total Experience (yrs) :
Relevant Experience :
Industries worked in :
Current Organization :
Previous Organization:  
Reporting Manager :
Designation :
Span ( NA) :
Next Level :
Education  Institute - Year - Stream :
Domain Expertise - 1. Exp in Products ( yrs) 2. Exp in Sales (yrs) :
Key Skills :
Notice Period:  
Current CTC (Fixed + Variable+ PLI ) :
Expected CTC :
Next Appraisal Cycle:  
Gaps if any ( Ed / Career ) reason with time period :

Ruchika
Team Workoid

Women-friendly workplace:

Maternity and Paternity Benefits

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