Product Development Manager (Insurance)

Purpose:

The jobholder will primarily be responsible for supporting the product development initiative of the organisation in conjunction with the Head Product Development

Context

He/ She will work closely with the marketing team, Actuarial team, Ops team, IT and the designate Sales channels to help design innovative and flexible products for the Company.

Main Priorities:

• Conduct competition benchmarking and create a competition library
• Involve in complete life cycle of product development from preparing Draft Product Specs to getting the product live on all systems/peripherals
• Create sales stories/combo solutions and publish product cracks; engage with the training team to disseminate information
• Analysis of sales, identify improvement areas and pockets of excellence, disseminate information to the distribution team in a structured manner
• Execute the distribution engagement initiative; regular interaction with FOS for feedback on products, marketing collateral and work to implement feedback
• Create content and review marketing collateral
• Maintain all regulatory requirements/hygiene

Qualifications:

Minimum Graduate with 4-6 years of experience in life insurance industry. Preferably with experience in products

Skills/ Knowledge:

• Strong analytical & numerate skills
• Excellent communication skills
• Strong market awareness
• Should be well versed with product regulations
• Hands-on experience of Life Asia

Experience:

• Relevant experience in areas of product management
• Exposure to a broad range of insurance products, have a strong understanding of the insurance industry in India
• You should enjoy working independently in a fast paced and dynamic environment