Assistant Product Manager - Lending Products

Muthoot Fincorp Limited; Chennai District; On-site; INR 650,000 - 900,000; Full time

Job summary

Muthoot Fincorp Limited in Chennai is seeking a Junior Manager - Product to drive end-to-end development and management of the Business Loans, LAP, and Home Loans portfolio. You will own the product roadmap and work with cross-functional teams including Sales, Credit & Risk, Operations, IT, Compliance, and Marketing to deliver value to customers.

You will translate business needs into PRDs, monitor sprint progress, and provide data-driven insights to senior management for strategic decisions.

Qualifications

• 2–3 years of BFSI experience in lending products.
• Strong product management and business analysis concepts.
• Experience with wireframing and UI/UX design.
• Proven ability in product development and sales enablement.
• Proficiency in Excel, SQL, Jira and other PM tools.
• Knowledge of LOS is a plus.
• Strong analytical thinking and stakeholder management.
• Effective cross-functional communication.

Responsibilities

• Lead end-to-end development and management of the product portfolio (Business Loans, LAP, Home Loans).
• Own and manage the product roadmap; collaborate with cross-functional teams.
• Translate business needs into user stories and PRDs.
• Monitor KPIs, sprint progress, and ensure timely delivery.
• Coordinate risk/compliance alignment; drive data-driven decisions.

Skills

BFSI lending experience

Product management concepts

Wireframing UI/UX

Product development

Excel SQL Jira

LOS knowledge

Analytical thinking

Stakeholder management

Communication skills

Education

MBA in Finance/Management

Graduate degree

Tools

Excel

SQL

Jira

LOS (Loan Origination Systems)

Job description

JUNIOR MANAGER - PRODUCT

Role Profile Products (SULB) MUTHOOT FINCORP | Page 2 of 3

ROLE SPECIFICATION

Role Title Assistant Product Manager Company Muthoot Fincorp Limited Function/Department Product Location Chennai

ROLE SUMMARY

The role leads end-to-end development, management, and enhancement of the Business Loan, Loan Against Property (LAP) & Home Loan product portfolio, aligning with Muthoot Fincorp's strategic objectives. It involves owning and managing the product roadmap, market collaboration processes with cross-functional, compliance teams to drive revenue growth, and delivering exceptional client experience.

Product Strategy & Operations

• Define and execute product strategy for Business Loans, LAP, and Home Loans, aligned with organizational goals, while identifying growth opportunities and expansion avenues.
• Manage the end-to-end product lifecycle, from ideation to launch and post-launch optimization.
• Translate business needs into clear user stories, PRDs (Product Requirement Documents), and acceptance criteria.
• Monitor product deliverables, sprint progress, and key performance metrics to ensure timely execution.
• Oversee day-to-day product operations, including issue tracking, impact assessment, and release coordination.
• Provide data-driven insights and actionable recommendations to senior management for strategic decision-making.

Process Excellence & Customer Experience

• Continuously review and optimize loan approval, disbursement, and monitoring processes to improve efficiency and reduce turnaround time (TAT).
• Drive the implementation of technology-led solutions to enhance operational efficiency and customer experience.
• Work closely with Risk and Compliance teams to ensure adherence to credit policies and regulatory requirements.
• Proactively identify potential risks in product design and internal processes, and implement mitigation strategies.

KEY INTERACTIONS

Internal Stakeholders

• Sales Teams
• Credit & Risk Teams
• Operations & Disbursement Teams
• Technology / IT Team
• Compliance & Legal
• Marketing Team

External Stakeholders

• Channel Partners / DSAs
• Vendors (Technology partners, Valuation agencies, Legal partners)
• Regulatory Bodies (as required)
• Co-lending Partners
• Customers

KEY ROLE DIMENSIONS

• Geographical coverage – PAN India
• Direct reportees - Nil
• Total team size - 4 SULB

KEY SKILLS & BEHAVIOURAL ATTRIBUTES

• 2–3 years of experience in the BFSI sector, preferably in lending products.
• Strong understanding of product management and business analysis concepts.
• Hands‑on experience with wireframing and UI/UX design principles.
• Proven ability in product development and sales enablement.
• Proficiency in tools such as Excel, SQL, Jira, and other product management platforms.
• Basic understanding of Loan Origination Systems (LOS) is an added advantage.
• Strong analytical thinking, problem-solving ability, and stakeholder management skills.
• Effective communication with the ability to bridge business and technology teams.

EDUCATION / EXPERIENCE

Graduate or MBA in Finance or Management (preferred); mobility & communication; willingness to travel as required; proficiency in English, Hindi, and/or relevant regional languages.

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