Manager – Product Management

A leading life insurance company is seeking a proactive Manager – Product Management to join its actuarial team in Mumbai. In this pivotal role, you will ensure that all product features are competitive and fully aligned with the company’s strategic objectives. Furthermore, you will manage the end-to-end implementation process, coordinating across multiple departments to ensure successful launches. Consequently, this position is vital for delivering high-quality product collaterals and meeting strict regulatory timelines.

The Manager – Product Management must facilitate the creation of aesthetic and comprehensive documentation for different target segments. Additionally, you will provide critical support for sales training and lead the development of technical product modules on e-learning platforms. Therefore, the company is looking for a motivated individual with experience in cross-functional project management. If you possess a strong understanding of product design and regulatory norms, this Manager – Product Management role offers a premier professional opportunity.

Key Responsibilities

• Coordinate and manage initiatives to ensure product features are competitive and compliant with norms.
• Liaise with cross-functional teams (Pricing, Sales, IT, and Legal) to track the timely delivery of projects.
• Create key product collaterals, including sales brochures, application forms, and IRDAI filing documents.
• Review the technical accuracy of all product-related documents in both print and digital media formats.
• Conduct product launch sessions to train the sales force and facilitate internal education.
• Develop sales enablers such as pitch stories, FAQs, and one-pagers to effectively communicate ideas.
• Responsible for rejuvenating existing products for different channels through specialized pitches.
• Conduct gap analysis for new products and manage departmental audit and quality assurance procedures.
• Handle specific product-related queries from internal teams and customers with timely responses.
• Provide e-learning content and modules to increase product awareness among the sales force.

Requirements and Qualifications

• Bachelor’s degree with a background in Actuarial Science, Business, or a related field.
• Strong experience in product management or actuarial functions within the life insurance sector.
• Demonstrated ability to manage complex schedules and interdependent cross-functional projects.
• Excellent technical writing skills for the creation of comprehensive product documentation.
• Ability to translate complex product designs into aesthetic and customer-friendly sales enablers.
• Knowledge of the IRDAI regulatory filing process and compliance standards for insurance products.