Product Manager - Affordable Housing II Mumbai Location

Aavas Financiers; Mumbai; On-site; INR 4,200,000 - 6,400,000; Full time

Job summary

Aavas Financiers in Mumbai is seeking a Senior Product Manager for Affordable Mortgage products. You will own product-level P&L, drive profitability, and lead data-driven decision making to fuel portfolio growth and customer acquisition.

The role requires 10+ years in housing finance, MBA/PGDM, and strong Excel/SQL/BI skills to design dashboards and governance frameworks in line with RBI/NHB guidelines.

Qualifications

• 10+ years of experience in Product Management, Business Strategy, or Portfolio Management within Housing Finance, NBFCs or Banks.
• Strong experience in Affordable Housing Finance / Mortgage / LAP products.
• Demonstrated experience in product-level P&L management, pricing, and profitability.
• Strong command of business analytics, data interpretation, and performance management.
• Hands-on proficiency in Advanced Excel, SQL and BI tools such as Power BI or Tableau preferred.
• Sound understanding of mortgage underwriting, customer segmentation, and distribution channels.
• MBA/PGDM in Finance, Business Management or a related discipline preferred.

Responsibilities

• Own and drive product-level P&L, focusing on revenue growth, profitability, margins and cost optimisation.
• Design and implement sales incentive structures and performance linked contest across alternate channels.
• Develop incentive models aligned with disbursement, revenue, profitability, and business objective.
• Develop dashboards and MIS covering sourcing, login, sanction, disbursement, conversion, portfolio quality and profitability.
• Analyse business performance across geographies, customer segments, sourcing channels and branches.
• Conduct cohort, funnel, vintage and portfolio profitability analysis.
• Identify business leakages, operational inefficiencies and growth opportunities through data.
• Analyse channel-wise productivity and performance across Direct Sales, Alternate Channels and Digital.
• Partner with distribution teams to improve conversion, productivity, and business contribution.
• Work closely with Business, Finance, Credit, Risk, Analytics, Technology and Operations teams.
• Establish structured governance and performance review mechanisms.
• Ensure adherence to applicable RBI/NHB regulatory guidelines and internal policies.

Skills

Product Management

Business Strategy

Portfolio Management

Data analytics

Stakeholder management

Education

MBA/PGDM in Finance or related

Tools

Power BI

Tableau

SQL

Excel (Advanced)

Job description

Designation: Senior Product Manager - Affordable Mortgage Experience: 812 Years Industry: Housing Finance / NBFC / Banking (Mortgage only) Function: Product Management & Business Strategy Location: Mumbai (Vikhroli/Thane)

Role Objective

We are looking for a seasoned Product Manager with strong expertise in Affordable Housing Finance, P&L Management, Business Analytics and Product Strategy.

The incumbent will be responsible for driving product profitability, portfolio growth, and customer acquisition, with a strong focus on data-driven decision-making and sustainable business performance.

Key Responsibilities

1. Product Strategy & P&L Ownership

• Own and drive product-level P&L, focusing on revenue growth, profitability, margins and cost optimisation.
• Design and implement sales incentive structures and performance linked contest across alternate channels.
• Develop incentive models aligned with disbursement , revenue, profitability, and business objective.

2. Business Analytics & Data-Driven Decision Making

• Strong analytical capability to interpret large datasets and translate insights into actionable business strategies.
• Develop dashboards and MIS covering sourcing, login, sanction, disbursement, conversion, portfolio quality and profitability.
• Analyse business performance across geographies, customer segments, sourcing channels and branches.
• Conduct cohort, funnel, vintage and portfolio profitability analysis.
• Identify business leakages, operational inefficiencies and growth opportunities through data.

3. Portfolio Growth & Business Performance

• Analyse channel-wise productivity and performance across Direct Sales, Alternate Channels and Digital.
• Partner with distribution teams to improve conversion, productivity, and business contribution.

4. Stakeholder Management & Governance

• Work closely with Business, Finance, Credit, Risk, Analytics, Technology and Operations teams.
• Establish structured governance and performance review mechanisms.
• Ensure adherence to applicable RBI/NHB regulatory guidelines and internal policies.

Required Experience & Qualifications

• 10+ years of experience in Product Management, Business Strategy, or Portfolio Management within Housing Finance, NBFCs or Banks.
• Strong experience in Affordable Housing Finance / Mortgage / LAP products.
• Demonstrated experience in product-level P&L management, pricing, and profitability .
• Strong command of business analytics, data interpretation, and performance management.
• Hands-on proficiency in Advanced Excel, SQL and BI tools such as Power BI or Tableau preferred.
• Sound understanding of mortgage underwriting, customer segmentation, and distribution channels.
• MBA/PGDM in Finance, Business Management or a related discipline preferred.