Product Manager

Kotak Life; Mumbai; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Kotak Life in Mumbai's Goregaon East is seeking a Product Manager at Chief Manager/AVP level to lead product development and lifecycle management within the Life Insurance domain.

The role requires MBA with 3+ years of experience, strong cross-functional collaboration, and expertise in IRDAI regulations to drive launches and strategic initiatives.

Qualifications

• MBA from reputed business school with 3+ years of work experience.
• Life Insurance domain expertise with Product Development/Management experience.
• Strong understanding of life insurance products and IRDAI regulations.

Responsibilities

• Competitive benchmarking and share insights with Senior Management on time.
• Conceptualize and launch new products and enhance value via pricing or features.
• Engage with cross-functional teams for launch readiness of new products.
• Pre-Align stakeholders in IT/Legal/Pricing/Marketing/Distribution/Training for launches.
• Ensure timely product launches across channels and provide training (TTT).
• Analyze product data and identify trends to plan actions.
• Report regulatory data timely and respond to product queries.
• Manage end-to-end tech development of product with multi-stakeholder coordination.

Skills

Cross-functional teams

Data interpretation

Detail oriented

Interpersonal & communication

Stakeholder management

End-to-end product development

MS PowerPoint/Word/Excel

Education

MBA

Tools

MS PowerPoint

MS Word

MS Excel

Job description

Job Description:

Role: Product Manager

Designation: Chief Manager / Assistant Vice President – Product Development

Department: Product

Education: MBA

Work Experience: 3 years +

Work Location: Goregaon (East), Mumbai

Key responsibilities

1. Competitive benchmarking and have intel about the product launches to share insights with the Senior Management on time to time basis.

2. Conceptualize and launch new product and enhance value proposition of existing products through re-pricing or feature enhancement in line with agreed Product Calendar for the year

3. Engage with cross-functional teams for operational and launch readiness of new product and functionalities

4. Pre-Align stakeholders in IT/Legal/Pricing/Marketing/Distribution/Training to ensure smooth and timely launch of products/solutions.

5. Responsible for timely launch of product across channels, product training (TTT) for trainers, customer service and other back end functions.

6. Conduct products data analysis and sketch distributor and customer patterns to identify trends and create strategical plan of action.

7. Timely reporting of regulatory reporting and manage accurate and timely responses to the product related queries.

8. Manage end to end tech development of product & coordinate with multi stakeholders for smooth transitions

KEY COMPETENCIES/SKILLS REQUIRED

• Ability to work with cross functional teams and adapt in dynamic work environment
• Data interpretation skills (analytical in nature)
• Detail oriented, organized, critical thinker with strong work ethics
• Good interpersonal & communication skill
• Ability to manage multiple stakeholders and senior management
• Manage end to end tech development of product & coordinate with multi stakeholders for smooth transitions
• Proficiency in MS PowerPoint, MS Word and MS Excel

QUALIFICATION & WORK EXPERIENCE:

• Preference to candidates with MBA from a good business school with 3 years + work experience
• Life Insurance domain expertise with Product Development/Management experience
• Strong understanding of life insurance products and IRDAI regulations preferably with a prior experience in product development & management