Unit Product Manager - Tractor Loan

JOB PURPOSE :

- Create product and policy framework for Tractor Financing

- To work as a key member in project launch team, supporting the product lead in creating - product program, policy & underwriting framework working closely with Risk/RCU/Collection and underwriting. Work on supporting system build requirements along with COE.

- Product Program

Benchmarking along with relevant functions for components of product program vis :

- Product features

- Commercials

- Risk & underwriting

- System workflow

- Collection

- Initial Product set up

- New product document creation

- Product code creation

- Profit cost center and GL code creation

- Cross sell framework

- Work with Life insurance team and other cross sell SPOC for cross sell product, pricing and proposition.

- Product suite finalization

- Customer communication frame

- Business MIS & Reports

- Reporting module development

- Reporting & MIS framework

MAJOR CHALLENGES :

(Challenges faced on an on-going basis in carrying out the job)

- New business understanding, cross function dependency along with timelines adherence

DECISIONS:

(Key decisions taken by job holder at his/her end)

Policy/system design/cross sell selection/scheme designs

INTERACTIONS:

(Key working relationships a job holder needs to have INSIDE and OUTSIDE the company to accomplish the job)

Internal:

- Roles you need to interact with inside the company to enable success

- Alignment with function (Risk,underwriting,PMO,operations,HR,finance) to create product program & policies

- Co ordination with COE & IT for builds

External: Roles you need to interact with outside the company to enable success

Dealers:

- Competition employees

- Insurance companies SPOC for cross sell products

DIMENSIONS :

(Key numerical data which will reflect the scope and scale of activities concerning this job)

Financial Dimensions (FY 24)

(These should be quantifiable numerical amounts)

Insurance penetration @ 70%

Opex control