Chief Manager - Product Development

HDFC Life; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

HDFC Life in Mumbai seeks an experienced Product Manager to lead development and lifecycle management of Traditional and COMBO offerings, ensuring regulatory compliance and market relevance. You will partner with Marketing, IT, Operations and Sales to implement product features, oversee end-to-end execution, and drive timely rollouts.

The role also involves market research, stakeholder communication, and training internal teams on product benefits.

Qualifications

• MBA preferred.
• 4-9 years of experience in Product Development, Insurance, & Product Launches.
• Strong understanding of product lifecycle and regulatory guidelines.

Responsibilities

• Drive launch of Traditional and COMBO products and oversee modifications.
• Ensure all product designs adhere to regulatory guidelines and approval processes.
• Collaborate with Marketing, IT, Operations, and Sales to ensure smooth product implementation.
• Analyze customer needs, competitor offerings, and industry trends to refine product strategies.
• Manage end-to-end execution of product development and modifications, ensuring timely rollout.
• Assist in training internal teams and communicating product features and benefits.

Skills

Product lifecycle

Regulatory guidelines

Stakeholder management

Analytical thinking

Project management

Communication skills

Education

MBA preferred

Job description

About the Department:

The Product team is responsible for the creation of new products and the redesign of existing ones. The objective is to ensure compliance with regulatory guidelines while aligning products with customer needs and organizational goals. This team serves as a key interface between Marketing, Information Technology, Operations, and Sales & Distribution, ensuring seamless product execution

What the Job Entails:

• Product Development & Modifications: Drive the launch of Traditional and COMBO and oversee modifications as per business and regulatory requirements.


• Regulatory Compliance: Ensure all product designs adhere to regulatory guidelines and approval processes.


• Stakeholder Collaboration: Work closely with Marketing, IT, Operations, and Sales to ensure smooth product implementation.


• Market Research & Analysis: Analyze customer needs, competitor offerings, and industry trends to refine product strategies.


• Project Management: Manage end-to-end execution of product development and modifications, ensuring timely rollout.


• Training & Communication: Assist in training internal teams and ensuring clear communication of product features and benefits.

Skills Required:

• Strong understanding of product development and lifecycle management


• Knowledge of regulatory guidelines related to product design


• Excellent stakeholder management and collaboration skills


• Analytical thinking and problem-solving ability


• Strong project management skills


• Effective communication and presentation skills

Qualifications:

MBA preferred

Work Experience:

• 4 to 9 years of experience in Product Development, Insurance, & Product Launches