Aditya Birla Capital Hiring for Product Manager at Maharashtra, India Full Time

The Purpose Of This Job Includes

• To contribute in creating a strategic blueprint for the design of innovative business lines and products backed by strong insights on market needs
• Support strategic initiatives by way of research, market intelligence and analytics with regards to business expansion & growth
• Scan for opportunities available across various business segments in Housing / Mortgages and assist the Head – Product & Strategy in managing existing products & delivery of new products
• Drive management reviews & presentations
• Coordinating and partnering with cross functional teams for various high impact projects
• To drive various frontline & channel related contest along with BD team for housing products
• To coordinate with BSG & IT team for BRD & system changes with regards to new product launches or enhancement of existing products

KRA’s –

Key Result Areas

Supporting Actions

Product Development

• Manages development of a superior and competitive product suite while maintaining adequate risk and profitability parameters
• Conducts product research with clear target customer segmentation and revenue potential analysis and works with sales team to develop a viable business case
• Defines a detailed product vision and strategy roadmap for future product evolution based on market needs and opportunity available
• Manages all product related costs, fee structures and minimizes the revenue leakage possibilities in product design
• Enters into discussions/ feedback mechanisms on product themes with key clients, brokers/ DSAs and understand their needs & help to develop product strategies customized to their requirements
• Sets up an effective product training mechanism for the sales teams and channel partners for effective sales
• Makes regular amendments to product scope, design and terms based on regulatory changes and requirements

To design customer value propositions and servicing norms in line with the industry best practices

• To carry out targeted marketing campaigns with marketing teams based on customer segmentation and product launches and track the program effectiveness
• To coordinate with credit and operations teams to set up robust, customer friendly loan approval and booking processes and to recommend improvements to operating procedures and technological tools, as needed
• To work with the credit and risk teams for constantly reviewing product program and policy implementation and improve the program based on market benchmarking & continuous feedback
• To benchmark the portfolio-service offerings with the competition and highlight the critical modifications required
• To review location specific product norms basis deep bureau data analysis & also undertake portfolio review analysis with Analytics team

To provide operational support to the teams & Ad-hoc requests

• To design and launch contests and schemes for employees and Channel Partners for Mortgage lending products with focus on effective COA
• To drive cross sell propositions such as insurance, equity trading to create a one-stop shop for the customer
• Ad-hoc requests such as presentations and market intelligence to the teams