Job
Description
About The Role :
Job TitleVP Product Head Term Lending
LocationMumbai, India
Role Description
As the Product Head you would be responsible for all activities required to define, design, develop and deliver new term lending products to support the business lending strategy.What well offer you
As part of our flexible scheme, here are just some of the benefits that youll enjoy
Best in class leave policyGender neutral parental leaves100% reimbursement under childcare assistance benefit (gender neutral)Sponsorship for Industry relevant certifications and educationEmployee Assistance Program for you and your family membersComprehensive Hospitalization Insurance for you and your dependentsAccident and Term life InsuranceComplementary Health screening for 35 yrs. and above
Your key responsibilities
Deliver the revenue and volumes plans for the term lending business keeping the risk appetite in mind.Product development, design and modification in line with the groups overall strategy and regulatory environment.Strategically responsible for end to end customer experience - Innovate, Conceptualize and Implement customer service framework across life cycle.Coordinating with cross-functional teams like Coverage, Operations, Risk (Credit), Technology, Finance etc to create and continuously enable changes in product design, workflows, polices etc. to deliver top service to clients.Implement insights gathered from coverage, risk, credit and collection team to constantly improve our products and processesMarket research and analysis, competitor benchmarking, monitoring of trends and spotting opportunities in the market for product enhancement and new product launchesDevelop strategic marketing plans involving customer communication, sales collaterals, sales promotions including incentive plans and rewards/recognitionProactively communicate with stakeholders to keep them up to speed on planning, roadmap, execution status, launch, its impact, learnings, etc - A sharp focus on automating repeatable tasks and reducing operational overheadsManage, motivate and further develop team membersHandle group and regulatory audits
Your skills and experience
Deep understanding of the Indian lending ecosystems, industry trends, technology developments and evolving customer needsIn depth knowledge of the mortgage / business lending nuances especially financial analysis, accounting, processes esp legal and valuation aspects.Preferred experience in sales as well as product experience in term lending products like Loan Against Property (LAP), Lease Rental Discounting (LRD), Business Instalment Loans (BIL) to the MSME and mid corporate segments.Extremely analytical and data driven; ability to derive actionable conclusions from large data setsHaving business finance exposure would be an added advantage.Excellent ability to articulate and present complex issues combined with organizational experience and the ability to set and manage prioritiesMinimum 20 years of relevant work experience and team handling experienceProfound knowledge of banking products, clients, and global operating modelVery strong in use of Excel, Power point, MS WordCapability to understand and interpret legal text and discuss with control functions
Coaching and mentoring from seniors in your teamA culture of continuous learning to aid progression