Senior Manager/AVP - Product Management - Protection & Health Insurance

Designation : Senior Manager / AVP - Product Management

Location : Mumbai

Role Summary:

- The candidate will be responsible to take care of the complete product life cycle including product ideation, product development, and filing and approval process with the regulator with a special focus on Protection & health Products

- Responsible for Launching the products successfully in the identified key markets

- Responsible for generating/developing key consumer/distributor insights basis the business & driving the right product mix through new Product Initiatives

- Keep a close track on competitors, emerging consumer trends

- Study existing and revision in regulations to ensure compliance and suggest changes in processes. Lead internal and statutory audit requirements

Life Cycle Management (Base Products & Riders) :

- Initiate new product ideation, development and implementation

- Anchor complete product filing process with feedback from all stakeholders

- Responsible for generating/developing key consumer/distributor insights basis the business & driving the right product mix through new Product Initiatives

- Keep a close track on competitors, emerging consumer trends

- Study existing and revision in regulations to ensure compliance and suggest changes in processes. Lead internal and statutory audit requirements.

- Preparation of product documents - Specs, sales literatures, contracts etc in line with the regulatory and internal requirements.

- Process Adherence : Ensure timely completion of RCSA, Compliance Report, Resolution and Closure of open items in breach report, Manage TBEM requirements and processes, Ensure IRDA circulars are shared with team and implementation of required changes

Technical :

- Strong knowledge of products & processes across Protection & Health Lines of Business

- Finance / Insurance industry awareness

- Presentation, skills, Analytical and Excel skills

- Problem solving skills

- Good Knowledge of MS Office

- Understanding of basic life & health insurance regulations