Product Manager

This role is for one of Weekday’s clients
Salary range: Rs 1000000 - Rs 2000000 (ie INR 10 - 20 LPA)

Min Experience: 3+ years
Location: Bangalore, Karnataka, Tamil Nadu, Andhra Pradesh
JobType: full-time

We are looking for a dynamic and result-oriented Product Manager with 3–8 years of experience in financial services, particularly in LAP (Loan Against Property), MSME Lending, and Retail Secured Lending. The ideal candidate will be responsible for managing the end-to-end product lifecycle, developing innovative lending solutions, and driving product growth while ensuring portfolio quality and business profitability.

The candidate should have a strong understanding of lending products, customer requirements, credit processes, and risk management. Experience in product strategy, credit underwriting, and fraud detection will be an added advantage.

Key Responsibilities

• Product Strategy & Development: Define and execute product strategies for LAP, MSME lending, and retail secured lending products in alignment with business objectives and market opportunities.
• Product Lifecycle Management: Manage the complete product lifecycle, from conceptualisation and market research to product launch, performance monitoring, and continuous improvement.
• Business Growth: Identify opportunities to expand the lending portfolio, improve customer acquisition, increase loan disbursements, and enhance overall product profitability.
• Credit & Underwriting: Work closely with credit and risk teams to develop lending policies, underwriting frameworks, eligibility criteria, and risk assessment models.
• Customer Experience: Understand customer needs and market trends to simplify loan application journeys, improve turnaround times (TAT), and enhance customer satisfaction.
• Cross-functional Collaboration: Collaborate with technology, sales, operations, risk, compliance, and collections teams to ensure seamless product execution.
• Risk & Fraud Management: Identify potential portfolio risks and implement strategies to minimise fraud, delinquencies, and credit losses.
• Market Research: Analyse competitor offerings, industry developments, regulatory changes, and customer behaviour to identify product improvement opportunities.
• Performance Monitoring: Track key product metrics, including disbursements, approval rates, rejection rates, portfolio quality, customer acquisition costs, and profitability.
• Process Optimisation: Drive automation, digitisation, and process improvements across the lending journey to improve operational efficiency.

Must-Have Skills

• Strong understanding of LAP (Loan Against Property) products and secured lending processes.
• Hands-on experience in MSME Lending, including loan origination, customer assessment, and portfolio management.
• Experience in Retail Secured Lending and understanding of collateral-based lending products.
• Knowledge of lending operations, loan documentation, eligibility assessment, and disbursement processes.
• Strong analytical, problem-solving, stakeholder management, and communication skills.
• Ability to work with cross-functional teams and manage multiple product initiatives.

Good-to-Have Skills

• Experience in product strategy, roadmap development, and product lifecycle management.
• Understanding of credit underwriting principles, credit policies, and risk assessment frameworks.
• Knowledge of fraud detection, prevention mechanisms, and portfolio risk management.
• Familiarity with lending technology platforms, LOS (Loan Origination Systems), LMS (Loan Management Systems), and digital lending journeys.
• Understanding of RBI regulations and compliance requirements applicable to lending institutions.

Experience & Qualifications

• 3–8 years of relevant experience in product management within banking, NBFCs, fintech, or financial services.
• Prior experience working with LAP, MSME lending, or retail secured lending products is essential.
• Bachelor's degree in Business, Finance, Economics, or a related discipline. An MBA or relevant postgraduate qualification will be an advantage.