Product Manager - Personal Loans

Hiring for: One of India’s leading non-banking financial companies (NBFCs), focused on driving financial inclusion across rural and semi-urban markets.

Role: Product Manager - Personal Loans

Positions: 1

Experience: 8 to 15 years

Location(s): Kurla, Mumbai

Salary: Up to INR 20 LPA (Including 10% variable)

JOB DESCRIPTION

1: Job Purpose Statement

The incumbent is required to understand customer behaviour, Design products and ensure success of the products

2: Duties & Responsibilities 

·      Manage current products and develop new ones for Personal Loans Business through understanding of consumer behaviour, industry trends and unmet needs of consumers and trade partners. Work with cross functional teams including technology, operations, compliance, sales, marketing etc. for implementation of products.

·      Build and enhance proposition for customers, distribution teams and partners.

·      Work with Product Head, Business Head and other cross functional teams on strategy and execution plans for managing the business.

·      Define sourcing processes, coordinate with cross functional teams for product and process roll outs.

·      Conduct product trainings for call centre and sales trainings, communications and on ground market checks.

·      Deliver targeted profitability through efficient design and management of product construct, fees and charges.

·      Ensure internal and regulatory compliances.

·      Manage incentive programme and contests.

3: Key Challenges

·      Adapting to evolving RBI/NBFC norms without compromising product competitiveness.

• Ensuring seamless tech integration for loan journeys across internal systems.
• Delivering fast, frictionless experiences for a digitally aware and internally connected audience.
• Aligning product, credit, sales, and operations for smooth execution.

Education: MBA or equivalent from a reputed institution.

**Experience** : 8–15 years of experience in retail lending, preferably in personal loans.

1. Proven track record in managing P&L, scaling products, and leading teams.
2. Strong understanding of NBFC operations, regulatory landscape, and digital lending platforms.