AddressSVP - Product Head - Salaried and Self employed Personal Loan (must have) with a leading NBFC in Mumbai
Product Manager for Personal Loans is responsible for overseeing the development, management, and enhancement of a financial product designed.
Key responsibilities:
Job description:
- Product Development: Developing and enhancing Personal Loan products, considering market trends, customer needs, and competitive landscape.
- Market Research: Conducting market research to identify customer preferences, competitor offerings, and emerging trends in Personal Loans.
- Strategy Planning: Formulating product strategies, including pricing, positioning, and go-to-market plans.
- Requirements Gathering: Collaborating with cross-functional teams to gather and prioritize product requirements.
- Product Lifecycle Management: Overseeing the entire product lifecycle, from ideation to retirement, to ensure products remain competitive and profitable.
- Risk Management: Assessing and mitigating risks associated with Personal Loan products, such as credit risk and compliance with regulations.
- Data Analysis: Analyzing customer data and performance metrics to make data-driven decisions for product improvements.
- Customer Experience: Focusing on delivering an exceptional customer experience through user-friendly loan applications and support services.
- Collaboration: Collaborating with teams like marketing, sales, and underwriting to ensure alignment with product goals.
- Regulatory Compliance: Staying updated on relevant regulations and ensuring that Personal Loan products are compliant.
- Budget Management: Managing budgets and financial performance related to Personal Loan products.
- Communication: Effectively communicating the product vision and progress to stakeholders within and outside the organization.
- Continuous Improvement: Identifying areas for improvement and optimizing Personal Loan products based on feedback and performance data.
- Customer Support: Collaborating with customer support teams to address customer inquiries and concerns related to Personal Loans.
This role requires a blend of financial knowledge, market awareness, and project management skills to successfully develop and manage Personal Loan products.
