Senior Manager - Product Management - Life Insurance

We have urgent openings for the position of Senior Manager with one of the leading Life Insurance company.

Job Description :

Product Planning, Development and Management

- Lead the planning, design and development of the product strategy and calendar for the Company, in consultation with sales, actuarial and other related functions, to ensure that the plan is dynamic and flexible enough to respond to market situations and meets company's business objectives.

- Lead the organization knowledge in area of products through consumer, competition and industry studies to track industry and product performance trends, define target segments and recommend development of new product ideas or modification of existing products that reflect the needs of target markets, channel and company.

Product Implementation

- Establish best practice standards, develop process maps, operating procedures and continuously work to define and enhance the company's product development, implementation and management processes and systems to ensure that they are streamlined, efficient, sustainable and complete and enables time bound delivery of the product plans.

- Ensure timely implementation of the product plans through coordination and liaison with sales, actuarial and other related functions.

- Ensure ongoing compliance with regulatory and internal guidelines in all aspects of product development, management and implementation

- Develop compelling sales stories, product pitches and campaign through all marketing mediums as per the requirement and need of the Organization

- Work with regional sales teams to develop product communication strategies and action plans

- Collaborate with cross-functional teams on new projects and ensure timely delivery as expected

Reviews & Governance

- Ensure due process is followed and regulatory compliance are in place for product documentations and other communications

- Engage with senior leadership for presenting product plans for monthly/quarterly updates

- Prepare reports for the consumption of other senior stakeholders for timely update

- To ensure accurate & timely delivery of with proper approvals

Team management

- Participate in team meetings and review and give constructive feedback on improvement areas

- Analyze data on a granular basis to devise strategies for meeting the targets

- Establish individual performance expectations and evaluation metrics, and assist in review of individual performance

Research & Analysis

- Analysis of business across different partners / channels, gaps analysis, competition tracking and plan for effective response

- Conducting workshops and reinforce product pitches

- Conducting research to understand and analyze the sales / customers' views on upcoming products of the company.