Product Manager – Liabilities recruitment
JOB DUTIES AND RESPONSIBILITIES:
Product Development:
- Design a diverse range of new liability products to cover all relevant classes – CASA, TD, Recurring etc.
- Provide market updates and product back up information for all products marketed.
- Co-ordinate and liase with various departments Treasury, Operations, Risk, Marketing, IT and other departments for approval and implementation of the products.
Product Management:
- Identifying introducing new ideas / vendors that provide an appropriate product offering.
- Liaise and negotiate Agreements with 3rd party vendors for respective products according to product needs and negotiate the costs / fees.
- Identify new opportunity areas/gaps for liability growth and provide product solutions.
- To develop product provider evaluation criteria from a product diversity, service and support standpoint prior to distribution tie up and review on an on going basis.
- Organise promotion, sales support and training initiatives with product partners.
Product Research and Portfolio Analysis:
- Responsible for portfolio research, analysis across all Retail Liability products customer portfolios.
- Conduct product reviews to ensure that products are adequately supported. Bench marking of the products and services vis-à-vis pricing for the products.
- Development of product benchmarking models for Liability product comparisons on various performance parameters.
Product – Process Compliance:
- To regularly update and maintain product manuals and guidelines for launching products.
- To develop product provider evaluation criteria from a risk and reputation standpoint prior to distribution tie up and review on an on going basis.
- Set up product due diligence process and execute for every new product introduced and on a periodic basis for existing product portfolios.
KNOWLEDGE AND SKILLS:
- Post Graduate with a minimum of 7-8 years in Sales and Product Development of Liability products and/or 3-4 years of Liability Portfolio Management.
- Creativity and negotiations
- Sound knowledge on investment and insurance product
- Market knowledge
- Technical knowledge to design investment products
- Good communication and presentation skills
- Good interpersonal skills
February 13, 2012
• Tags: Liabilities recruitment, Product Manager, Sales & Marketing careers in the UAE • Posted in: Financial