Product Head - Auto Division

  • Mumbai
  • Confidential
  • 14-17 years
  • 04 Aug 2015

  • Operations, Finance/ Accounts

  • Financial Services/ Capital Markets, Insurance, Banking - Retail
Job Description

Roles and Responsibilities:

- Conceptualize new products.

- Prepare blue prints for new products on their features & offerings

- Coordinate with support groups like legal and compliance, on end-to-end loan documentation.

- Design process & system launch for new products in consultation with operations, risk, and technology teams.

- Present the product & process notes to the Committee of Directors (COD) and Product & Process Committee (PAC) for their approval.

- Conduct pilot run of the product, evaluate results and roll out the product pan India.

- Process re-engineering of existing processes and check feasibility for automation of processes.

- Portfolio monitoring on a monthly basis to check performance of the product, develop early warning signals to keep triggers under control, and conduct bucketing analysis for delinquencies.

- Designing an automated spreadsheet (CAM) and disbursement memo (DM) to partially automate the processes of credit appraisal and loan boarding on Finnone.

- Devising cross-sell opportunities for liability products like bundling of insurance along with dairy loan, crop loan, etc.

- Working with the internal audit department (IAD) in incorporating the learnings regarding process streamlining.

- Developing controls of all processes for SOX testing and walkthroughs.

- Prepared various training tools, like training kits, ready reckoner, for educating employees and channel partners on the different products being offered and processes to be followed

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