Senior Manager/Chief Manager - Product Development - Health Insurance

Job Summary :

Assist in product ideation, capability development, regulatory filing & launch and in-life product management. Also responsible for adherence to standard operating processes agreed for product development and maintenance.

Key Responsibilities :

- Develop innovative product ideas backed through market research/workshops

- Rigorous market segment analysis, customer need analysis

- Ensure speed to market by adherence to product calendar

- Protect New Business Margin

- Manage the rigorous process of IRDAI filing documentation and interaction with IRDAI officials for smoother product approval

- End-to-end project management for - Go To Market- which includes - System changes, training module development, website interface, marketing collaterals etc

- Working knowledge of developing and implementing IT platforms for new products and launches - responsible for creation of business requirement document with respect to all stakeholders.

- Branch visits to interact with agents, DSTs, brokers to do specific focus groups as well as feedback on current products

- Provide subject matter expertise in policy administration issues & suggest effective & efficient timely solutions

Key Stakeholders :

- Internal : Corporate Actuarial, IT, Legal, Finance, Channel Heads, Operations, Claims, Underwriting and Marketing.

- External : Insurance Regulator (IRDA)

Measures Of Success :

- Product delivery as per the product calendar

- Stakeholder management by addressing their requirements through product solutions

- Stakeholder query management

- Achievement of product mix to deliver planned top & bottom line

Qualification & Experience :

- Management Graduate/ Graduate with 5-8 years of relevant experience

- Experience in Product Management of minimum 2 years (preferably in Health Insurance)

- Knowledge of File & Use documentation of IRDAI

- Should have handled - Go To Market- projects in Insurance sector

Key Competencies & Skills Required :

- Good Knowledge of health insurance market, product analysis and Health Insurance regulations.

- Strategic Thinking

- Analytical Ability

- Influence without Authority

- Project Management

- Ability to work under minimal guidance

Personal Competencies Required :

- Good communication skills in terms of both verbal and written

- Good presentation skills

- Self starter and highly motivated

- Experience in coordinating with multiple stake holders and cross functional teams