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Product Manager/Senior Product Manager

1 month ago


Mumbai, Maharashtra, India Novac Tech Full time

Job Title: Product Manager / Senior Product Manager (Life Insurance)

No of Positions: 4

Industry: Life Insurance

Experience: 8-15 years

Location: Navi Mumbai

Job Type: Full-time

Work Mode: Work from Office

About Novac:

- Join one of the India's Top 100 Best Companies to Work for, Novac Technology Solutions Private Limited, a Shriram Group Company.

- As a digital transformation and cloud solutions company with strong expertise in Financial Services, Insurance Services, Retail Solutions and Learning solutions, we innovate and create a niche for organizations in an ever-evolving digital landscape

- We leverage the power of design, cutting-edge engineering, and cloud technologies to build web and mobile apps, enabling digital transformation for businesses. Our expertise in handling the technological backbone of large enterprises coupled with strong domain knowledge helps us to bring differentiation into our products and solutions.

- Our team of diverse employees and their novel ideas are a significant factor in our success. We set out to build the industry's foremost culture - a giving work culture that cares about the work and the people. A culture that celebrates individual achievements and creates lifelong friendships.

Job Summary:

- We are looking for a highly skilled Product Manager / Senior Product Manager with expertise in the Life Insurance domain to drive product development and digital transformation initiatives.

- The ideal candidate should have hands-on experience with Life Asia, along with a strong background in creating and managing BRDs (Business Requirement Documents) and FRDs (Functional Requirement Documents).

Key Responsibilities:

- Define and execute the product roadmap for Life Insurance products and digital solutions.

- Collaborate with cross-functional teams, including actuarial, underwriting, claims, sales, and IT, to deliver high-impact product enhancements.

- Gather and analyse business and functional requirements to create detailed BRDs and FRDs.

- Work closely with technology teams to enhance and integrate Life Asia core systems for improved efficiency.

- Conduct market research, competitor analysis, and regulatory assessments to drive innovation in life

insurance offerings.

- Oversee the end-to-end product lifecycle, from ideation to implementation and post-launch improvements.

- Ensure compliance with IRDAI regulations and other industry standards.

- Monitor key product performance metrics and optimize strategies based on data insights.

Required Skills & Qualifications:

- 8+ years of experience in product management, with at least 3+ years in the Life Insurance domain.

- Strong experience in creating and managing BRDs and FRDs for insurance product development.

- Hands-on experience with Life Asia or other core life insurance platforms.

- Expertise in digital transformation, policy administration systems, and customer journey optimization.

- Proficiency in Agile methodologies and tools like Jira, Confluence, or similar.

- Strong analytical, problem solving, and stakeholder management skills.

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