Assistant Manager – Product Development

A leading life insurance company is seeking a motivated Assistant Manager – Product Development to join its dynamic team. In this pivotal role, you will lead competitor benchmarking and track industry trends to drive product innovation. Furthermore, you will manage the end-to-end project lifecycle for product launches by collaborating with Actuarial, IT, and Compliance teams. Consequently, this position is essential for ensuring that all new offerings are commercially viable and technically sound.

The Assistant Manager – Product Development must own the creation of sales literature and policy documents while ensuring regulatory adherence. Additionally, you will conduct periodic reviews of product performance to derive actionable insights for senior management. Therefore, the company is looking for an MBA in Marketing with 1 to 2 years of experience in the life insurance sector. If you possess strong interpersonal skills and expertise in Microsoft Excel, this Assistant Manager – Product Development role offers a premier opportunity for growth.

Key Responsibilities for the Assistant Manager – Product Development

• Track the insurance industry to prepare detailed competition benchmarking and market updates.
• Research new products and features launched by competitors to identify strategic growth areas.
• Conduct macro-level benchmarking of companies and overall product categories across the industry.
• Liaise with Actuarial, Operations, and IT departments to secure necessary inputs for product launches.
• Own the development of sales literature, policy documents, and content for marketing sales aides.
• Ensure all system BRDs are accurate and conduct thorough UAT to guarantee error-free implementation.
• Design and develop comprehensive training content and course materials for field knowledge enhancement.
• Build strategic positioning and sales pitches for both B2B and B2C customer segments.
• Prepare monthly and annual product performance reports to track deviations from the business plan.
• Coordinate with legal and compliance teams during the formal IRDAI product filing process.

Requirements and Qualifications

• Must possess a Postgraduate degree or an MBA in Marketing from a reputed institute.
• Minimum of 1 to 2 years of work experience, with at least 1 year in the Life Insurance industry.
• Proven exposure to product management or project management within a corporate setting.
• Expertise in Microsoft Excel and PowerPoint for data analysis and professional presentations.
• In-depth understanding of life insurance products and the broader financial services landscape.
• Strong leadership skills with the ability to provide clear direction to cross-functional teams.

Competencies and Skills

• Self-motivated professional with a high level of dedication and tenacity in project execution.
• Excellent interpersonal skills to effectively liaise with the Product Committee and stakeholders.
• Analytical mindset capable of deriving comprehensive insights from complex market data.
• Strong communication skills for drafting technical policy documents and sales collaterals.

If you are a marketing professional ready to lead the Assistant Manager – Product Development function for a premier insurer, we encourage you to apply today!