Product Manager-HO & SUPPORT-Third Party Products

Kotak Mahindra Bank

5 - 10 years

Mumbai

Posted: 02/07/2025

Job Description

Job Summary:

We are seeking a dynamic and strategic Senior Product Manager in TPP team. This role demands end-to-end ownership of product performance, including P&L accountability, regulatory compliance, stakeholder management, and innovation. The ideal candidate will be a proactive leader with a deep understanding of the insurance landscape and a proven ability to drive revenue through cross-functional collaboration.

 

Key Responsibilities:

Product P&L Ownership:

Take full responsibility for the product line’s profitability, including pricing strategy, cost management, and performance tracking.

Revenue Growth:

Drive top-line growth by collaborating with distribution channels (digital, agency, bancassurance, etc.) to optimize product placement and sales strategies.

Compliance & Regulatory Management:

Ensure all products and processes adhere to applicable insurance regulations and internal compliance standards. Liaise with legal and regulatory bodies as needed.

Product Innovation:

Identify market gaps and customer needs to conceptualize and develop new insurance products. Lead the product development lifecycle from ideation to launch.

Stakeholder Engagement:

Build and maintain strong relationships with internal teams (sales, marketing, underwriting, operations) and external partners to ensure seamless product execution and alignment with business goals.

 

Qualifications & Experience:

  • Bachelor’s degree in Business, Finance, or related field; MBA preferred
  • 12+ years of experience in product management within the insurance or financial services industry
  • Strong understanding of third party products and regulatory frameworks
  • Proven track record of managing product P&L and driving revenue growth
  • Excellent communication, leadership, and stakeholder management skills

About Company

Kotak Mahindra Bank is one of India's leading private sector banks, offering a wide range of financial services including personal banking, corporate banking, investment banking, insurance, and asset management. Established in 1985 and headquartered in Mumbai, it is known for its innovative banking solutions, customer-centric approach, and strong focus on digital transformation. The bank caters to diverse customer segments, from individuals to large corporations, emphasizing trust, transparency, and growth.

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