Max Life Insurance - Deputy Manager - Product Management

Position : Deputy Manager - Product Management

Department : Product Management

Function : Product Management & Channel Marketing

Reporting to :

AVP - Products & Channel Marketing

Location : Gurgaon, Haryana

Product Management :

New Product identification and development :

- Identification of new product opportunities

- Project management and coordination with other departments like Operations, Finance, and Marketing

- Responsible for creating sales literature, filing and launch readiness of new products

- IRDA discussions/ negotiations and response to queries, decisions thereof/ alternatives to be proposed by PCM, thereafter convincing and aligning Channel Head and/or Distribution partners

- Ensure Impactful Launch, adhering to New Product Development lifecycle, of New products/ Sales concepts

Channel Management :

Assist product channel manager in following aspects :

- Enable distribution head to optimize the top line and bottom line results

- Identification of trends and improvement areas which help distribution performance

- Coordinate with other departments to ensure channel initiatives are launched and run smoothly.

- Help in execution of the product strategy, business planning and strategic deployment basis market trends and company strategy

Channel Marketing :

Launch products and increase LI penetration across segments with Bank partners:

- Develop and manage campaigns for new/ existing products in addition to segment specific campaigns

- Increase penetration of new & existing product in the specific seller helping in product penetration through various marketing activities and initiatives

- Work with the Bank to Activate various sellers and visibilise the MLIC brand: Build Visibility for the MLIC brand across touch points

- Ensure visibility for the MLIC brand across Bank touch points leveraging its assets

- Evaluate the feasibility of joint campaigns and partner with the Bank to popularise the Max Life products / brand and increase utilization of seller \ branches by customizing campaigns

Compliance with Regulatory and Legal guidelines :

- Use & File of all customer-facing marketing collaterals, along with its management

- Ensure necessary approvals from relevant departments for all communication (internal/external)

Important Activities :

- Create Sales concepts bundled with Bank's core products

- Develop sales tools for product/ segments with support from marketing team

- Supporting organization-wide projects like driving - protection products sales-

- Publish monthly engagement dashboard report to all stake-holder

Creative Agency Management: Ensuring quality:

- Output and managing timely delivery

- Spends management: Ensure maximum cost efficacy of marketing budgets

- Marketing / Brand: Integrate all communication so that it is commensurate with the Brand thought

KEY COMPETENCIES/SKILLS REQUIRED :

- Proficiency in MS PowerPoint, MS Word, and MS Excel

- Ability to work with cross-functional teams, strong networking and inter- personal skills

- Data interpretation skills (analytical in nature)

- Detail- oriented, organized, critical thinker with strong work ethics

- Good interpersonal & communication skill

MINIMUM EDUCATION/MINIMUM /SPECIFIC EXPERIENCE :

- Preference to candidates with MBA from a good business school with an excellent academic track record.

- Total experience of 3 years out of which 1 year in sales

- Preferably from financial services, automobiles or consulting sector.

MEASURES OF SUCCESS :

- To bring a comprehensive product and marketing view to the channel partner and internal leadership to ensure that organization strategy is well deployed

- On time delivery of product filing plans: Quarter-wise adherence & delivery of EMC approved product calendar

- Adherence to regulatory boundaries for product development & marketing communication

- Consistent and error-free document creation, along with necessary approvals

- Comprehensiveness of market & sales analysis

- Smooth coordination with other departments: Regular project management and updates to senior management

- Timely and accurate management reporting at agreed timelines to enable decision making for leadership