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Kotak Life Insurance - Assistant Vice President/Deputy Vice President - Product Management - IIM/ISB/MDI/FMS (8-10 yrs)

8-10 years

Kotak Life Insurance - Assistant Vice President/Deputy Vice President - Product Management - IIM/ISB/MDI/FMS (8-10 yrs)

Kotak Mahindra Bank

posted 14d ago

Job Role Insights

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Job Description

Position:- AVP/DVP- Product

Department:- Product Management

Reporting to:- Head - Products

Location:- Mumbai - Kotak Infinity IT Park Malad East

JOB SUMMARY:

Product Department is a strategic function responsible for new product development and management. The position will be a middle management resource in the function and will be primarily responsible for ideation, filing and launch of New Products in line with the overall product strategy. This role also requires to lead the Product thinking, senior stakeholder management with end to end ownership of product filing and launch.

The incumbent will be empowered to lead all strategic product conversations. There would be 1 or 2 Product Managers who would report directly into this role.

KEY RESPONSIBILITIES:

A. New Product Development and Launch:

- End to End product design, filing and launch of New Products/Riders/Solutions etc. as per the approved product calendar.

- Ownership of the Cross Functional Alignment, closures and execution plan for launching new products.

- Integrated thinking with the aim to optimize the product launch with cross functional collaboration (between Training, Marketing, distribution).

- Innovative mindset to help identify opportunities for new products /smart hacks in existing products.

- Work on secondary and primary research for identifying new opportunities and present ideas in high stake forums.

B. Market Intelligence & Competition analysis:

- Product benchmarking, Market Intelligence on Competition Product Strategies, Product Mix, Product & Category specific actions & thinking.

C. People management & capability building:

- Coach and mentor team of product managers for new Product development and new category thinking.

Key competencies/skills required:

- Strong background on Insurance Products.

- Innovation mindset and new category thinking.

- Excellent Storyboarding and presentation skills.

- Sharp analytical orientation.

- Understanding of Regulatory landscape.

Experience:

- Minimum 8-10 years' experience in product development and management.

- Post Grad from a premiere B School.

- Past experience of LI New Product development (min 4-5 Yrs), Distribution and/or Strategy exposure in life insurance companies.


Functional Areas: Other

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Vice President Product Management salary at Kotak Mahindra Bank

reported by 1 employee with 7 years exp.
₹85.5 L/yr - ₹94.5 L/yr
64% more than the average Vice President Product Management Salary in India
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What Kotak Mahindra Bank employees are saying about work life

based on 16.9k employees
51%
42%
50%
99%
Strict timing
Monday to Saturday
Within city
Day Shift
View more insights

Kotak Mahindra Bank Benefits

Job Training
Health Insurance
Soft Skill Training
Work From Home
Cafeteria
Team Outings +6 more
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Kotak Mahindra Bank Chennai Office Locations

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Chennai Office
Kotak Mahindra Bank ATM, New Avadi Rd, Kilpauk Chennai
Tamil Nadu 600010
Chennai Office
Kotak Mahindra Bank ATM, No.2A, Chennai 600024, 6, 6th St, United India Colony, Kodambakkam Chennai
Tamil Nadu 600024
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