VP - Products - Insurance

We have an urgent opportunity for VP - Products with leading Insurance organization based at Gurgaon.

Location: Gurgaon (Delhi NCR)

Experience: 10 years+

Education: MBA/ PGDM (full time)

Role Purpose:

- End-to-end management of new product development and product launch activities, along with product management activities.

- The person will be assigned specific product group/ product lines and will need to conceptualize, design, gain agreement for, drive the approvals and governance processes for, and launch and deliver products as per the agreed product calendar.

- The role will involve engagement with all stakeholders involved in product development including the senior mgmt team.

- Additionally the role holder will be expected to manage a team of 2 deputy managers/ managers/SMs and provide inputs to the product head to help achieve the company’s product objectives and efficient working of the function.

Principal Accountabilities:

- Assist the head, products in developing the Choice product strategy to help achieve the business and organizational targets

- Lead the development and launch of new products and propositions as approved by PPRC and PLSC to target relevant customer segments within the banks’ customer bases, for the product areas assigned to the role

- Manage the group of products/ product lines to achieve the product KPIs

- Monitor and initiate product revisions to products in the role holder’s responsibility in context of market, regulations, and channel requirements.

- Lead the execution of product development and launch process for assigned projects to deliver in line with business requirements within the approved launch process.

- Work closely with Bancassurance teams of INM and sales teams to provide market feedback on customer requirements, pricing & product strategies and marketing campaigns.

- Formulate and implement campaigns in conjunction with sales and marketing teams

- Engage with key stakeholders in product development ie pricing team and Change Delivery and other cross-functions to drive timely and effective completion of product development processes.

Mandates:

- MBA/ degree in marketing from good university or college

- 5 years in financial services. Banking and/or insurance

- Experience in life insurance product development/ actuarial/ marketing - Min 5 years

- Working knowledge of IRDA regulations relevant to Products

- Knowledge of other compliance requirements linked to Products

- Good analytical skills

- Persuasion and negotiation skills

- Demonstrated creativity and ability to create impact through new product development

If interested, revert with your update profile along with the below details:

Current CTC (fixed+variable):
Expected CTC:
Notice Period:
Reporting To:
Reason for change:
Open to relocate to Gurgaon:

Anupra
Datawise Consultants Pvt Ltd