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53 Prudential Financial Jobs
Manager- Product Management
Prudential Financial
posted 16hr ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Prudential s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
Prudential Health India is a Zero to One team undertaking a no-legacy, greenfield health insurance deployment in India, building journeys that truly empathize with the customer and offer a differentiated experience.
To partner with us in this mission, we are looking for a talented Manager - Product Management to join our Product & Propositions team in Mumbai.
We are looking for exceptional talent with a passion for transforming the health insurance experience in India . If you have a deep and thorough understanding of the current state of the industry and a clear vision of what a transformed future could be like, for the scope detailed in this job description, we are eager to speak with you !
As a Product Manager , your typical week will include the following...
- Create , launch, and refine health insurance propositions that serve customer needs, improve saleability, and manage risk for the organisation .
- Own the full product lifecycle of Health Insurance products including Retail Indemnity , F ixed benefit (Retail under Group and Standalone Retail) and Group (Employer-Employee) products .
- Conduct detailed distributor , customer and market research and competitive analysis to identify new product opportunities and refine existing offerings.
- Develop compelling , differentiated product propositions for target customer / seller segments that deliver revenue and loss-ratio goals .
- Define and document detailed product requirements (constructs) , including features, functionalities, pricing, and distribution channels.
- Develop policy wordings and product filing document s , customer & sales collaterals that address all regulatory requirements while communicating the proposition with impact. Manage timely resolution of all regulatory queries in collaboration with relevant functions, as required .
- Lead development and execution of go-to-market plans , including marketing campaigns, sales training, and channel partner enablement.
- Collaborate with cross-functional teams spanning actuarial , distribution, health management , marketing, underwriting, claims, customer servicing, and technology to implement and launch products .
- Define and document system requirements for products , ensuring seamless integration with internal and external systems and user journeys .
- Ensure compliance with all relevant regulations and company policies .
- A nalyse product performance data to generate data-led insights and identify areas for improvement.
- Identify and implement product enhancements and innovations to maintain a competitive advantage ; Conduct regular product reviews and manage necessary adjustments to feature basket, pricing, and distribution strategy .
- Conduct internal and external product validations, including feasibility studies, cost-benefit analyses, and customer feedback sessions.
- Develop and implement effective channel and segment strategies to maximize product reach and penetration within the bank channel.
You could be the right candidate if you have
- D egree in B usiness, Finance, Insurance, Statistics or Cleared Actuarial Papers or related field or a related field. A Master of Business Administration from a reputed institute is desirable.
- 7 + years of experience in product management, preferably in the health insurance industry with at least 3 years of experience in a stand-alone health insurer
- Minimum of 5 years of experience in handling Retail and Retail Under Group products within the General /Health insurance industry with hands - on experience in Quotation Management
- Excellent knowledge of Product configuration in core systems and front-end sales platforms
- Strong understanding of the health insurance market, including industry trends, regulations, and competitive landscape.
- Proven experience in developing and launching successful health insurance products.
- Thrive in engaging and partnering with distribution teams and agent advisors to achieve sales outcomes.
- Excellent analytical, problem-solving, and decision-making skills.
- Effective communication , presentation, and interpersonal skills.
- Ability to work independently and as part of a cross-functional team.
- Proficiency in data analysis and financial modelling .
This could be the gig for you if you
- Have built best-in-class processes from scratch.
- Are passionate about leveraging digital tools to transform customer experience .
- Are passionate about consumer behaviour and culture; enjoy spending time with customers to understand what they really need . Have an attentive ear to listen to new ideas .
- Join hands with other colleagues to solve for the customer.
- Like to work in a culture where everyone can see what others are doing.
- Take help from others when stuck and encourage others when there are setbacks.
- Take full responsibility for your team s contribution output while thinking wing-to-wing across the organization.
Location: Mumbai
Position: Manager - Product Management
Employment Type: Full Time, Permanent
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based on 6 employees
Flexible timing
Monday to Friday
No travel
Day Shift
Prudential Financial Benefits
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