Product Manager - Affordable LAP

Role & responsibilities

• Define and manage the product roadmap for Micro LAP / Secured Business Loans.
  
• Design product features, pricing, documentation requirements, and workflows tailored to micro and informal MSME segments.
  
• Benchmark offerings against competitors and evolving market needs.
  
• Collaborate with credit and risk teams to structure eligibility criteria, LTV norms, collateral guidelines, and deviation frameworks.
  
• Ensure full compliance with RBI regulations and internal policy standards.
  
• Monitor key portfolio metricsdisbursements, yields, delinquencies, and cross-sell performance.
  
• Use analytics to optimize pricing, risk parameters, and product structures.
  
• Drive initiatives to improve product profitability, operational efficiency, and return on assets.
  
• Liaise with operations, tech, legal, and compliance teams to ensure end-to-end process alignment.
  
• Support field teams through product training and issue resolution; act as subject matter expert.
  
• Identify new customer segments, distribution models, and digital delivery channels.
  
• Lead pilots for innovative loan structures, alternate sourcing strategies, and fintech partnerships.
  

Preferred Candidate Profile

• MBA / PGDM / CA with experience in BFSI, NBFC, or Fintech sectors.
  
• Proven track record in product management—ideally in LAP, secured business loans, or MSME finance.
  
• Strong understanding of secured credit policies, underwriting frameworks, and informal customer segments.
  
• Experience working with branch-based distribution and rural/semi-urban markets.
  
• Familiarity with LOS, core banking systems, and digital product platforms.
  
• Excellent analytical, communication, and stakeholder management skills.
  
• Exposure to Micro LAP products (1L–25L ticket sizes) and Tier 2–3 geographies.
  
• Prior experience in Small Finance Banks, Microfinance NBFCs, or fintechs focused on secured lending