Product Manager - Unnati MBL

Idfc First Bank Limited; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Idfc First Bank Limited in Mumbai seeks a Product Manager – Unnati Micro Business Loans to own the end-to-end lifecycle of the Unnati loan product. You will drive product development, optimize processes, analyze markets, and manage P&L, ensuring competitive market positioning.

The role requires delivering innovative customer journeys, digitizing loan workflows, and refining pricing and distribution strategies, with close collaboration across sales, risk, and operations teams.

Qualifications

• Graduate or postgraduate degree required.
• 2–5 years of product management experience.
• Experience in financial services or lending is preferred.

Responsibilities

• Develop market insights and identify sector trends.
• Configure product features and positioning based on market dynamics.
• Drive end-to-end lifecycle of Unnati Micro Business Loans.
• Analyze P&L and share trends with stakeholders.
• Refine pricing structures and optimize distribution strategies.
• Design seamless customer journeys and digitize loan processes.
• Engage with sales teams to drive disbursal volumes.

Skills

Market insights

SWOT analysis

Pricing strategy

P&L management

Customer journey design

Product lifecycle management

Digital loan processes

Education

Graduate/Post Graduate

Job description

Job Requirements

Role/ Job Title: Product Manager – Unnati Micro Business Loans

Business: Unnati Micro Business Loans

Function/ Department: Unnati Micro Business Loans

Job Purpose

'The Product Manager – Unnati Micro Business Loans will be responsible for managing the end-to-end lifecycle of the Unnati Micro Business Loans product within the said business unit. Based in Mumbai at Naman Chambers, the role involves strategic oversight of product development, process optimization, market analysis, and P&L management. The ideal candidate will drive innovation, streamline operations, and ensure competitive positioning in the market.'

Roles & Responsibilities

Primary Responsibilities

• Develop ongoing market insights and identify sector trends.
• Evaluate competitor offerings and conduct SWOT analysis to uncover opportunities.
• Configure product features and positioning based on market dynamics.
• Conduct post-launch product audits and competitor re-evaluation.
• Analyse product and portfolio performance metrics, manage & align collections strategies and costs
• Refine pricing structures and adjust marketing and promotional strategies.
• Assess channel performance and rationalize product portfolios.
• Design innovative and seamless customer journeys.
• Customize and digitize loan processes and system platforms.
• Determine product pricing using market research and cost analysis.
• Analyze the PnL, To find relevant trends and shar the same with stakeholders

Secondary Responsibilities

• Develop and deliver training modules for internal teams.
• Coordinate with support verticals and stakeholders for smooth product operations.
• Maintain MIS and product decks for periodic reviews.
• Engage with sales teams daily to drive disbursal volumes and maximize reach.

Educational Qualification

Graduate/Post Graduate

Experience

2 to 5 Years