IFMR - Product Analyst

About the Company :

IFMR Rural Finance is an ISO 9001:2008 certified technology-process Company whose mission is - to be a catalyst to high quality originators who aspire to maximize financial well-being of their customers- . IRF aims to enable such high quality originators to provide convenient, flexible, reliable and continuous financial services to their customers through their state of the art technology solutions. IRF's technology, financial product solutions and deep expertise in professional services such as training and incubation has equipped a host of organisations in the financial services delivery domain with such design and delivery capabilities. This includes IRF's licensee company KGFS which offers a full range of financial services for low income households in remote rural areas.

Technology products designed and offered by IRF includes its flagship product Perdix that comprises of the customer management and loan management systems. Perdix also has centralised audit, e-learning and business intelligence tools to cater to all the technology needs of a growing financial institution. Further, IRF's mobile technology solutions offer full functionality of all its technology products on mobility devices such as mobiles and tablets. This provides a competitive edge to the financial institution making it truly customer centric.

As IFMR Rural Finance continues to add to its capabilities and move towards its mission, there is a need to hire a Product analyst in the insurance and investment space to create a deep understanding of these products.

About the role :

- The Product Analyst for Insurance and Investment products is responsible for leading product & process design, analysis, and reporting efforts for insurance, savings, mutual fund and pension fund products.

- The position also involves anticipating, identifying, and mitigating risks whether related to acquisition of customers, losses in the product portfolios or selection of insurance and mutual fund partners.

- When focused on insurance product design, the position involves conducting analysis of most suitable product structures, selection of insurance providers, setting actuarial prices, evaluating customer demographics, making precise insurance recommendations and monitoring delivery process efficiency and loss ratios.

- When focused on investment products, the position involves financial life-cycle needs modelling, analysis and reporting related to factors that affect customers- portfolio and arriving at optimal product recommendations.

- The Analyst for Insurance and Investment products is responsible for identifying trends and summarizing this information to a variety of internal clients.

- This position will interact with many other departments and external partners in the interest of achieving the overall company objectives.

Responsibilities :

The Analyst for Insurance and Investment products is responsible for :

- Delivering product and process structures suitable to rural clients

- Reporting on product and process efficiency metrics

- Conducting data and business analysis

- Utilizing best practices of data analysis to ensure data results are accurate, summarizing findings

- Developing recommendations and presenting analyses to management in a clear, concise, convincing, and actionable format

- Providing direction, training, and guidance to other team members and leading projects or special assignments as required

Desired Qualifications :

Education and Experience :

- Bachelor's degree or equivalent experience; Master's Degree (preferred) in Finance, Economics, Mathematics, Statistics, or similar quantitative field

- Minimum 3 years- of experience in insurance, investment products analysis is required

- Knowledge of finance, statistics, economics, retail insurance, mutual funds, pension funds and savings products

- Demonstrated understanding and experience with technical systems, rational datasets, data warehouses, data mining, and data analysis techniques is preferred

Others :

- Effective written and verbal presentation skills with an ability to communicate well with management; pro-active and detail-oriented

- Ability to work with minimal supervision displaying leadership in a team environment; an ability to interact collaboratively with internal customers

- Capable of managing multiple and varied projects, including ability to coordinate and balance numerous tasks in a time-sensitive environment, under pressure, meeting deadlines

- Demonstrated quantitative skills and ability to apply complex financial and statistical principles

- Must be willing to travel