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Axis Max Life Insurance
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Deputy Manager - Product Management

Deputy Manager - Product Management

Axis Max Life Insurance

1 - 6 years

3 - 8 Lacs

Gurugram

Posted:2 weeks ago| Platform:

Apply

Skills Required

Product management Product launch Penetration Networking Legal compliance Bfsi Analytical Underwriting Channel sales Market intelligence

Work Mode

Work from Office

Job Type

Full Time

Job Description

Product Channel Management is a strategic function with a Bird s eye view of all Growth and Profitability metrics. The position will be primarily responsible for

Enabling Product Mix

in a Bank Partnership Channel. Manage the

bottom line metrics

of life insurance products and ownership of

ideation to launch of strategic Products

aligned to respective Channel Head.

Position

PCM (Partnership Channel)

Function

Product Channel Management

Department

Product Management

Band

Reporting to

AVP

Team size (D/I)

Location

Gurgaon

JOB SUMMARY

Product Channel Management is a strategic function with a Bird s eye view of all Growth and Profitability metrics. The position will be primarily responsible for

Enabling Product Mix

in a Bank Partnership Channel. Manage the

bottom line metrics

of life insurance products and ownership of

ideation to launch of strategic Products

aligned to respective Channel Head.

The role requires an enterprising attitude, ability to influence and impact without direct authority and ability to hack growth along with distribution channel heads. The incumbent will be anchored with respective channel heads of Max Life and will be empowered resource to manage all Product Mix and Strategic Product conversations with assigned channel. The incumbent will along with the Lead PCM shall conduct all Product and Category conversations and closely work with channel enablement team to ensure end to end closures b/w Products, Distribution and FP&A

KEY RESPONSIBILITIES

Enabling Profitable Growth for the Distribution Channel (35%)

Product mix ownership for each channel with sharp focus on profitable product variants
Detailed understanding of various verticals within each channel, their drivers of business and guide team to create propositions for driving the product mix aligned to channel plan
Strategic Interventions every Quarter on Product mix sensitization "WHY" and seed critical Product stories, including product experience discussions.
Continuous analysis on Structural Profit variance for the channel and recommend strategies/tactics to course correct
Present the propositions/storyboard in the quarterly/monthly webcasts conducted by respective channel head aligned to Product Mix strategy
Market Intelligence and Competition benchmarking for key product launches

Go to Market and Capability Enhancement of Ecosystem (35%)

Curate Go to Market strategies (along with Marketing and Channel leader) for new products being launched in the channel (One Key launch per Quarter)
Point of Contact for the Distribution Channel for all key New Product Closures and Business Case creation/sign off
End 2 End thinking to create and execute programs to enhance product capabilities for each channel. Leverage technology to create tools to resolve basic/repetitive product queries
Identify and create product experts at regional/zonal level to resolve queries
End 2 End accountability of implementation of Minor Modification for channel specific requirements

Ears 2 Ground & Channel Capability Building (30%)
- Create and implement a structural program to understand field requirement/feedback on existing and upcoming propositions.
- Leverage channel enablement team to identify the panel and regular participation

Measure of Success

Value of New Business for allocated channels
Product Mix for allocated channels
Protection & Annuity Penetration within the channel sales
Head of Distribution/Channel Head feedback
Timely and Impactful Product Launch (end 2 end thinking)
New to Max Life Product Ideas deployed

Key competencies/skills required

Excellent Storyboarding skills
Strong networking orientation
Strong negotiation skills
Sharp analytical orientation
Collaboration
Deep understanding of Various Financial Products

Experience

Post Graduate from a premier business school
Minima - 1+ years preferably in BFSI

Key Stakeholders

Channel heads
Channel training heads
Marketing
Technology
Underwriting
Legal & Compliance

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Deputy Manager - Product Management

Experience & Salary

Skills Required

Work Mode

Job Type

Job Description

Enabling Product Mix

bottom line metrics

ideation to launch of strategic Products

Position

PCM (Partnership Channel)

Function

Department

Band

Reporting to

AVP

Team size (D/I)

Location

JOB SUMMARY

Enabling Product Mix

bottom line metrics

ideation to launch of strategic Products

Enabling Profitable Growth for the Distribution Channel (35%)

Go to Market and Capability Enhancement of Ecosystem (35%)

Ears 2 Ground & Channel Capability Building (30%)

Measure of Success

Key competencies/skills required

Experience

Key Stakeholders

More Jobs at Axis Max Life Insurance