Product Manager - Mumbai, India - Sciente Consulting Pvt Ltd

Description

We are looking for a Product Manager, for an insurance company, who will apply subject matter knowledge in product planning and execution throughout the product life cycle. The individuals in this group should have a keen eye for gaps in consumer product offerings and the innovative mindset to fill them. They are responsible for aligning stakeholders, prioritizing product feature and capabilities and defining a vision for a product.

Mandatory Skill(s)

• Should hold 3 years to 7 years of product development experience.
• Has demonstrated experience in life insurance product management.
• Have strong analytical skills and proficiency in Excel.
• Should process excellent communication and presentation abilities.
• Has In-depth knowledge of insurance principles and industry trends.

Desirable Skill(s)

• Have postgraduate degree, preferably in Economics, Statistics, Mathematics, or MBA/Marketing.
• Competency in competitive benchmarking and maintaining a repository of competition products.
• Should have expertise in collaborating with channel partners and understanding their business needs.
• Track record of developing effective sales collaterals and optimizing product positioning.

Responsibilities

• Strategic Planning: Collaborate on the planning, design, and development of product strategies aligning with the company's business objectives.
• Product Development: Lead the development and filing of new insurance products as per the agreed-upon product planner within specified timelines.
• Market Analysis: Provide timely publication of Monthly Competition Updates, Segment Analysis, and Competition Benchmarking. Maintain a repository of competition products.
• Channel Partner Engagement: Regularly meet with channel partners to understand their product needs and offer support to achieve channel business targets.
• Sales Collaterals: Develop sales collaterals and advisory tools to optimally position products in the market.
• MIS Preparation: Create and maintain a comprehensive Product Management Information System (MIS) for effective decision-making.
• Project Collaboration: Assist the project team on various initiatives, ensuring seamless integration of product strategies.

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