Chief Manager – General Insurance Product Development (Market research, Policy wordings, IRDA Compliance), Andheri, Mumbai

Job Description:

Job Description

• Designation Chief Manager – Product Development
• Location Corporate Office – Mumbai
• Reporting to Chief Underwriting Officer

Key Purpose

As a key member of the Product development & Underwriting team. This role is accountable for market research, innovation & product filing and should have the following traits.

Role and Responsibilities including but not limited to,

• Market research & Innovation.
• Designing of policy wordings & related documents.
• Product filing as per IRDAI norms.
• Liaison with all stakeholders (Sales, IT, Operations, Legal & Compliance) for all product development matters.
• Ensure 100% compliance with all regulatory & product approval related aspects.
• Work with IT and Operations staff to ensure that business requirements are met.
• Product Training to underwriters and other stakeholders.

Qualification and competencies

• B.E. / B Tech / MBA/PG
• 5-7 Years of experience in product filing with General Insurance firm
• Hands on experience with analytical tools and statistical packages
• Additional Insurance diploma or certification will be preferred
• Excellent comprehension and communication skills

Key Success Indicators

• Critical Thinking -- Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Negotiation Skills-- Bringing others together and trying to reconcile differences.
• Judgment and Decision Making -- Considering the relative costs and risks attached along with the benefits of potential actions to choose the most appropriate one.
• Complex Problem Solving -- Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.