Job Description : Position : Manager - Product Management No. of Positions : 1 Department : PSM Function : Product Development Reporting to : SM - Product Management Band - 4A Location : HO Team Size : 3 Key Responsibilities : New Product Identification : - ldeate on new product specifications basis inputs from Listening posts, ideation team - Collaborate with the Marketing & Research team on testing field appeal and effectiveness of concepts - Observe Market, Competition trends for ideas and refinement possibilities - Work with Pricing Actuaries for obtaining competitive new product pricing within pricing benchmarks - Responsible for preparing and obtaining Business case documents for Distribution and Internal approvals. Delivery to Product Roadmap : - Create business case documents for new products and obtain sign off from distribution leaders. - Interpret impact of regulations on new products. Ensure compliance for new products - Find solutions for complex system requirements/ workarounds and ensure readiness before launch - Orchestration with 8-9 different departments for CFG1, CFG2, BRD role, UAT scenario creation role, ORN-draft, ORN-Final, DQM with Management, etc. - Facilitate intra-departmental smooth functioning and handoffs through sub groups and one on one interaction. - Create and manage all product literature and marketing collaterals of new product which is consistent with Policy document and F&U. - Create an Integrated acquisition theme for all the channels - Create quarterly themes in collaboration with Marketing and distribution to energize distribution and improve case size - Work with unstructured data to arrive at key insights to drive Product mix and sales initiatives through new concept development, training, product advocacy and field management support - Offer value-added inputs in pre-launch kit preparation, generate sales concepts through identified sources. Stakeholder relationship : - Relationship management with Business Partners on a strategic level and day to day requirements. Portfolio Review and Maintenance : - Ensure take up rate of product in the channel (in terms of % contribution as well as AFYP) as per pricing report, including the mix of variants/ case size/ policy terms, etc. in order to maintain pricing margins. - Create hypothesis for poor take up and test market it to prove/ disapprove hypothesis - Story rendition and articulation basis the customer and seller profile of the channel. - Basis the channel need, create an integrated quarterly theme consisting of new sales stories to drive case size and conversion - Conduct specific interventions to improve the case size (Drive products/sales solutions, basis need) - Regular updates to distribution on Product related MIS Every quarter in case adverse trends are observed, course correction to be ideated and implemented, including modifying sales stories, tightening on-boarding controls (welcome calls, customer declarations, CPV, supporting persistency & mortality controls, etc.) - Ensure product recertification within agreed timelines Measures of Success : - Product delivery as per the product calendar - Achievement of product mix to deliver planned top line and bottom line - Enable Product related delivery for new growth opportunities - New Ideas implementation Key Relationships (Internal/External) : Internal : - Chief Distribution Officer - Operations leaders - Chief Underwriter - Ecommerce & Employee Channel Leader - Pricing Head - Appointed Actuary - Chief Marketing Officer - Chief Financial Officer - L&D-Head Key competencies/skills required : - Ability to drive Cross-functional agenda - Strategic thinking - Analytical ability - Project Management - Influence without authority - Interpersonal skills

Gurgaon/Gurugram

Max Life Insurance - Manager - Product Management 

Max Life Insurance - Manager - Product Management  ,Job Description for Max Life Insurance - Manager - Product Management  in MAX Life Insurance in  Gurgaon/Gurugram for (2-5) years of experience. Apply Now!

Job Description for Max Life Insurance - Manager - Product Management  in MAX Life Insurance in  Gurgaon/Gurugram for (2-5) years of experience. Apply Now!