Head of Product

Hire Fellows; Manama; On-site; BHD 15,000 - 20,000; Full time

Job summary

A digital lending company in Bahrain is seeking a Head of Product to drive strategic growth and market expansion. This pivotal role involves leading cross-functional teams, owning P&L responsibilities, and ensuring compliance with local regulations. The ideal candidate has a master's degree and over 15 years of leadership experience in fintech or digital lending, with proven capabilities in developing business strategies and managing product teams. The position offers an opportunity to significantly influence company growth and adapt to market demands.

Qualifications

• 15+ years of experience in a leadership role in fintech, digital lending, or related sector.
• Proven success in P&L management and business expansion.
• Familiarity with consumer lending regulations and financial compliance.

Responsibilities

• Develop and implement a comprehensive business strategy aligned with company mission.
• Lead the product team to innovate and enhance digital lending solutions.
• Own P&L responsibilities, ensuring revenue and profitability goals are met.
• Identify and assess new market opportunities and lead product launches.

Skills

Leadership in fintech

Product management

Marketing strategy

P&L management

Market expansion

Education

Master’s degree in Business Administration or related field

Job description

We are looking for a Head of Product to drive strategic growth, market expansion, and lead cross-functional teams at a digital lending company in Bahrain. The ideal candidate will oversee and align Product department to achieve company objectives. This role is pivotal in driving profitable growth, expanding market share, and implementing strategies to ensure the company's growth. In this role, you will be accountable for delivering on key performance indicators (KPIs), including P&L, budget management, growth targets, and market expansion milestones.

Main Responsibilities

Strategic Leadership

• Develop and implement a comprehensive business strategy aligned with the company’s mission, focusing on customer acquisition, engagement, new products, revenues lines, and retention.
• Drive initiatives to enhance the company's market position in Bahrain and develop entry strategies for new markets.

Departmental Oversight

• Product: Lead the product team to innovate and enhance digital lending solutions, ensuring alignment with customer needs and regulatory standards.
• Business Development: Expand partnerships and alliances that enhance distribution channels, bolster market penetration, and open new revenue streams.

P&L and Financial Management

• Own P&L responsibilities, ensuring revenue and profitability goals are met across all business units
• Manage and optimize department budgets to drive cost-effective growth while delivering maximum impact.

Performance Management

• Establish and track KPIs for each department, focusing on growth, cost-efficiency, product quality, and customer satisfaction.
• Evaluate performance metrics regularly, report progress to the CEO, and adjust strategies as necessary.

Growth and Market Expansion

• Identify and assess new market opportunities, conduct feasibility studies for expanding Flooss’s digital lending footprint in the GCC region.
• Lead the launch of new products and features that address market demands, regulatory requirements, and consumer trends.

Risk and Compliance

• Ensure that all business activities comply with local regulatory requirements, especially regarding lending, consumer finance, and data privacy

KPIs

• Achieve budget adherence, minimizing cost overruns
• Ensure product target mix are achieved
• Monthly and quarterly user acquisition and retention targets
• Marketshare growth within countries
• Build new distribution channel and strategic partnership as per business plan

Qualifications

• Master’s degree in Business Administration, Marketing, or a related field
• 15+ years of experience in a leadership role in fintech, digital lending, or a related sector
• Proven success in P&L management, business expansion, and market share growth
• Strong background in product management, marketing strategy, and team leadership.
• Familiarity with consumer lending regulations and financial compliance.