Senior Executive Product Development
ConfidentialIndia1 day ago
Job descriptionProduct Development Solicits inputs / recommendations from the marketing teams regarding enhancement of existing products or development of new products. Research and build comprehensive analysis and business cases for developing new products with emphasis on market demands, strategic fit and profitability. Collaborates with internal teams such as underwriting, actuarial and legal to evaluate and execute on product initiatives for new and existing products. Drafts Product documents, BAP filing and correspondence to IRDAI queries, makes presentations to IRDAI as and when required Monitor the IRDA website for new circulars or guideline changes and communicate the same to the various business heads and also recommend product modifications if the circular warrants for the same. Analyze multiple data bases, institutional and retail marketplaces to identify market trends. Conducts gap analysis of existing BAGIC product portfolio. Review policy drafts thoroughly before submissions to IRDAI for filing. Compliance and Disclosures Maintain the databases of all products by collecting data from internal teams and submit reports to the IRDAI or internal audit teams as and when required. Monitor the Generic Contingency table and ensure all GCs are correctly mapped to IRDAI approved products. Creating product related disclosures and sending the same to IRDAI through compliance team and to other internal stakeholders. Conducts activities related to internal and external audit compliances. Monitor any product related communication for correctness and adherence to compliance before they are printed for external consumption. Support to Business Channels Monitor any product related communication for correctness and adherence to compliance before they are printed for external consumption. Participates in product discussions with prospective and existing business partners. Suggest Interim solutions wherever feasible for any urgent proposition requirement. Provide data or recommendations as per requests from other channels like Actuary, Operations, Finance etc.
Skills Required
Compliance
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Product Development • India