Product ManagerMicrobanking
2 weeks ago
Mysore division, India
Ujjivan Small Finance Bank
Full time
ROLE PURPOSE & OBJECTIVE :
- Responsible for overall segment strategy including sales planning, product designing, strategic launch, training of sales force and monitoring of product performance
- Developing the customized product/proposition and continuously work on upgrading the same.
- Monitoring and managing the segment/product profitability.
- Collaborate with government agencies and other stakeholders to gather insights, solicit feedback and build consensus for scheme design and implementation.
- Prepare progress reports, presentations and briefings for stakeholders and senior management to communicate project status, achievements and challenges effectively.
- Lead the cross functional team for technical and operational processes for successful launch of product.
- To monitor Priority Sector Lending (PSL) for the bank and work on increasing the PSL contribution into various PSL categories.
- Developing the detailed engagement plan for keeping the segment transactional.
- To publish periodic updates of business to the HO and Branch users.
- Working with marketing for regular BTL activity and managing the complete product communication and life cycle.
Business:
- Own the business segment and ensure the branches achieve their budgeted numbers for that segment.
- To manage the entire Govt initiatives product line life cycle.
- To manage the design, features and benefits of Govt products, volume forecasting & market share
Customer:
- Develop and implement suitable marketing/sales strategies to deepen customer relationships
- Ensure the process in place to resolve escalated customer queries/complaints within the prescribed TAT.
- Train the sales team to improve the products knowledge, product per customers by additional cross sell and up sell of Ujjivan products to the existing customers.
- To specify market requirements for current and future Govt products by conducting market research supported by on-going visits to customers and non-customers.
Internal Process:
- Conduct continuous review process for maintaining the product profitability margin.
- Risk Management for microbanking products and meeting compliance requirement for govt schemes
- To prepare product and process notes and to seek approval from various committee
- To monitor Priority Sector Lending (PSL) for the bank and work on increasing the PSL contribution into various PSL categories
- Maintaining govt schemes Product Program and other documents related to govt business.
Learning & Performance:
- Ensure that the reports within the team maintain the highest standards of professional conduct, ethics, integrity, and control in execution of all their daily operations
- Take overall responsibility for identification of training needs and completion of mandatory training programs/certifications for self and team members.
Ensure goal-setting, midyear -review and annual appraisal process happens within specified timelines for self and reports.
- To organize government initiative product trainings for launch, expansion and capacity building both at regional & field level.
Educational Qualifications:
MBA or equivalent in Marketing or Finance
Experience:
3-6 Years of experience in product management.