VP/SVP - Product Manager - Personal Loan

VP/SVP Product Manager- Personal Loan

Purpose of the role: Product Manager for Personal Loans is responsible for overseeing the development, management, and enhancement of a financial product designed.

Key responsibilities:

Job description:

- Product Development: Developing and enhancing personal loan products, considering market trends, customer needs, and competitive landscape.

- Market Research: Conducting market research to identify customer preferences, competitor offerings, and emerging trends in personal loans.

- Strategy Planning: Formulating product strategies, including pricing, positioning, and go-to-market plans.

- Requirements Gathering: Collaborating with cross-functional teams to gather and prioritize product requirements.

- Product Lifecycle Management: Overseeing the entire product lifecycle, from ideation to retirement, to ensure products remain competitive and profitable.

- Risk Management: Assessing and mitigating risks associated with personal loan products, such as credit risk and compliance with regulations.

- Data Analysis: Analyzing customer data and performance metrics to make data-driven decisions for product improvements.

- Customer Experience: Focusing on delivering an exceptional customer experience through user-friendly loan applications and support services.

- Collaboration: Collaborating with teams like marketing, sales, and underwriting to ensure alignment with product goals.

- Regulatory Compliance: Staying updated on relevant regulations and ensuring that personal loan products are compliant.

- Budget Management: Managing budgets and financial performance related to personal loan products.

- Communication: Effectively communicating the product vision and progress to stakeholders within and outside the organization.

- Continuous Improvement: Identifying areas for improvement and optimizing personal loan products based on feedback and performance data.

- Customer Support: Collaborating with customer support teams to address customer inquiries and concerns related to personal loans.

This role requires a blend of financial knowledge, market awareness, and project management skills to successfully develop and manage personal loan products.