Max Life Insurance - Senior Manager - Product Management

Product Solutions Management (PSM) is a focal team for ideating, coordinating and monitoring new product development, take up and modification. Furthermore, PSM is responsible for enabling top line achievement and protection of bottom line with distribution. The job holder will be primarily responsible for supporting and jointly working on:

- Identification of new product opportunities and definition of product specifications

- Product performance reporting with suggested areas of improvement

- Sales Stories/concept identification, testing & implementation in the field

- Conceptualize and execute product launches in collaboration with cross function teams

- Liaise with channel leadership to help manage optimum product mix from the portfolio

KEY RESPONSIBILITIES:

New Product identification and development : 40%

- Identification of new product opportunities

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

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

Channel Management: 50%

Assist product channel manager in following aspects:

- Enable distribution managers optimize the topline 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 execution of the product strategy, business planning and strategy deployment basis market trends and company strategy

MEASURES OF SUCCESS

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

- Adherence to regulatory boundaries for product development

- Consistent and error free document creation for product filing and approval

- 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

Management reporting: 10%

- Management reporting and product dashboard delivery

- Regular market updates and implications for Max Life

Preference - Candidate with experience in product development and management in life insurance shall be preferred.

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

MINIMUM EDUCATION/MINIMUM /SPECIFIC EXPERIENCE:

- Preference to candidates with MBA from a good business school with excellent academic track record.

Total experience of 7-10 years in financial services or consulting.