PHI - Manager- Product Management
PHI - Manager- Product Management
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Prudentials purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured for our people customers and partners. We provide a platform for our people to do their best work and make an impact to the business and we support our peoples career ambitions. We pledge to make Prudential a place where you can Connect Grow and Succeed.
Prudential Health India is a Zero to One team undertaking a nolegacy greenfield health insurance deployment in India building journeys that truly empathize with the customer and offer a differentiated experience.
To partner with us in this mission we are looking for a talented Manager Product Management to join our Product & Propositions team in Mumbai.
We are looking for exceptional talent with a passion for transforming the health insurance experience in India. If you have a deep and thorough understanding of the current state of the industry and a clear vision of what a transformed future could be like for the scope detailed in this job description we are eager to speak with you!
As a Product Manager your typical week will include the following...
Create launch and refine health insurance propositions that serve customer needs improve saleability and manage risk for the organisation.
Own the full product lifecycle of Health Insurance products including Retail Indemnity Fixed benefit (Retail under Group and Standalone Retail) and Group (EmployerEmployee) products.
Conduct detailed distributor customer and market research and competitive analysis to identify new product opportunities and refine existing offerings.
Develop compelling differentiated product propositions for target customer/ seller segments that deliver revenue and lossratio goals.
Define and document detailed product requirements (constructs) including features functionalities pricing and distribution channels.
Develop policy wordings and product filing documents customer & sales collaterals that address all regulatory requirements while communicating the proposition with impact. Manage timely resolution of all regulatory queries in collaboration with relevant functions as .
Lead development and of gotomarket plans including marketing campaigns sales training and channel partner enablement.
Collaborate with crossfunctional teams spanning actuarial distribution health management marketing underwriting claims customer servicing and technology to implement and launch products.
Define and document system requirements for products ensuring seamless integration with internal and external systems and user journeys.
Ensure compliance with all relevant regulations and company policies.
Analyse product performance data to generate dataled insights and identify areas for improvement.
Identify and implement product enhancements and innovations to maintain a competitive advantage; Conduct regular product reviews and manage necessary adjustments to feature basket pricing and distribution strategy.
Conduct internal and external product validations including feasibility studies costbenefit analyses and customer feedback sessions.
Develop and implement effective channel and segment strategies to maximize product reach and penetration within the bank channel.
You could be the right candidate if you have
Degree in Business Finance Insurance Statistics or Cleared Actuarial Papers or related field or a related field. A Master of Business Administration from a reputed institute is desirable.
7 years of experience in product management preferably in the health insurance industry with at least 3 years of experience in a standalone health insurer
Minimum of 5 years of experience in handling Retail and Retail Under Group products within the General /Health insurance industry with handson experience in Quotation Management
Excellent knowledge of Product configuration in core systems and frontend sales platforms
Strong understanding of the health insurance market including industry trends regulations and competitive landscape.
Proven experience in developing and launching successful health insurance products.
Thrive in engaging and partnering with distribution teams and agent advisors to achieve sales outcomes.
Excellent analytical problemsolving and decisionmaking skills.
Effective communication presentation and interpersonal skills.
Ability to work independently and as part of a crossfunctional team.
Proficiency in data analysis and financial modelling.
This could be the gig for you if you
Have built bestinclass processes from scratch.
Are passionate about leveraging digital tools to transform customer experience.
Are passionate about consumer behaviour and culture; enjoy spending time with customers to understand what they really need. Have an attentive ear to listen to new ideas.
Join hands with other colleagues to solve for the customer.
Like to work in a culture where everyone can see what others are doing.
Take help from others when stuck and encourage others when there are setbacks.
Take full responsibility for your teams contribution output while thinking wingtowing across the organization.
Location: Mumbai
Position: Manager Product Management
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex race age ethnic origin educational social and cultural background marital status pregnancy and maternity religion or belief disability or parttime / fixedterm work or any other status protected by applicable law. We encourage the same standards from our recruitment and thirdparty suppliers taking into account the context of grade job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
Required Experience:
Manager
Employment Type
Full-Time
