VACANCY REQUISITION FORM

JOB SPECIFICATION :

PURPOSE OF THE JOB :

- Provide an overview of the job and its contribution" Development of new products

DUTIES & RESPONSIBILITIES :

- Outline the main duties, tasks and responsibilities of the role" "1. Product Development

- New Product

i. Propose Product Features based on a product idea or request

ii. Coordinate with Actuarial, Sales channel for approval of product features

iii. Coordinating with other departments(IT/Finance/Ops/Underwriting/Investment) for feasibility

iv. Prepare marketing material for product filing

v. Creating Processes and systems in coordination with other teams

vi. Maintaining accuracy and consistency between marketing material and actual product/process information

vii. Getting marketing material and training kit for ready for the product

viii. Ensure smooth product launch

ix. Handling all product /process related queries

2. Innovation & Market Research :

- Product Innovation :

a. Facilitating innovation feedback

i. Brain Storming session with Top Management / Sales Forces / Trainers

b. Analyze product innovation

i. Domestic Market

ii. International Market

- Market Watch :

a. Insight into competitor strategies for entering new segments/product range

b. New Product Comparison

c. Track on Regulatory Change

- Product Knowledge :

a. For Top Management - Product Analysis Note

b. Sales Team - Strengthen the sales force through updates on competitor product information and insurance concepts

c. All employees: Product Comparisons

3. Product Communication :

- Driving product Communication for Key products

- Preparing effecting communication content to drive key products

- Liaise with marketing, sales, training to ensure the effective dissemination of the product communication

Essential Desirable :

"KNOWLEDGE

- Indicate if the job requires an understanding of a defined system, practice, method or procedure within or outside HDFC Life. (Eg. MS Office, Visual Basic, SAP, Life Asia, Wonders etc.)"

- Insurance domain knowledge,

- Updated with the Insurance products and regulations.

- Efficient in handling MS Office, (Excel, Powerpoint and Word) Knowledge of backend operations processes" NA

WORK-RELATED SKILLS :

- Indicate specific skill sets required for the role e.g. Interpersonal Skills, Negotiation Skills, Data Management etc." "

- Data Management

Analytical & Logical reasoning skills :

- Should have the ability to present data to highlight specific business objectives

- Should have excellent relationship management skills" NA

PROFESSIONAL EXPERIENCE :

- Indicate the number of years of experience required for the role within or outside HDFC Life. Also please mention if the role requires any specialized experience

- 2+Yrs experience in Insurance domain with experience in Products/Sales/Marketing functions

- Should have prior experience working in cross functional projects/ assignments

- Exposure in driving sales agenda/efficiencies with an orientation towards target achievement would be a plus

- Analytical Skills, Domain Knowledge, Good coordinating skills, Project Management capabilities and Problem-Solving " 4 Years experience in Banking / Insurance domain with experience in Products/Sales/Marketing functions

EDUCATION/PROFESSIONAL QUALIFICATIONS/CERTIFICATIONS :

- Indicate the level of education, professional qualification, specific occupational training/certification required for the role (Eg. Chartered Accountant, Certified Assessor, Six Sigma Certification etc) " Graduation Post graduation

GEOGRAPHY RELATED :

- Applies to roles where geographic fitment is critical.

- Indicate if the role requires Language Fluency (eg: read/write/speak - Hindi/ Marathi/Tamil etc) or if the candidate should belong to or has worked in specific geographies " NA NA

ADDITIONAL CRITERIA :

- Additional criteria, critical to the role. NA NA

- Please note: On receipt of the vacancy requisition, TMT will initiate the process for internal talent movements. Hence External Hiring for the said position to be held, until the completion of the process TAT defined by TMT.

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