Loan Products Lead

Loan Products Lead

Company Name Confidential
Metro Manila / NCR
5-15 years
Not Specified

Job Description

A. Product Development
• Recommend strategies to develop and/or enhance loan products.
• Monitor and manage the product throughout its life cycle and shall ensure that it remains competitive in the market by conducting regular review of product pricing in collaboration with the Sales Channel Group
• Prepares product feasibility and concept studies towards developing new products and/or innovate existing loan products in coordination with the Sales Channel Group and other relevant support units
• Determines the nature and scope of new and existing products
• Performs regular portfolio monitoring and implements changes to improve portfolio quality and to strengthen its product presence in the market
B. Product Management
• Prepare financial projections outlining profitability targets for all loan products
• Coordinate with the Sales Channel Group in designing sales strategies to accomplish targets for the loan products
• Designs the product content of the customer feedback survey. Reviews the result of the survey and analyzes impact of results to product performance and target business growth
C. Product Orientation, Launching, and Promotions
• Leads in the development of product training materials and oversees the implementation of the training programs
• Designs product communication strategies and objectives
• Conceptualizes content of the product launch in coordination with Integrated Marketing and Communications Group (IMCG)
D. Business System Development, Integration, and Enhancements
• Collaborates with vendors, business partners, sales channels, ICT, and other relevant units(as approved by SEC), in development, integration or enhancement of systems in order to launch and support the products
• Provides insights in the development and maintenance of the website and mobile applications for the products and their integration with the main system
E. Policy Formulation and Compliance Monitoring
• Assists in the development of the required product policies (e.g. eligibility criteria, credit policies, pricing and discount policies, approval matrix, etc), in collaboration with relevant support units such as Sales, Finance, etc.
• Monitors all required product documentations are accurate, up-to-date and complete
• Monitors the implementation and adherence to the policies and procedures, especially to regulatory requirements, and implements corrective or preventive actions to address non-compliance
• Oversees submission of all reportorial requirements to regulatory bodies to avoid non-compliance and penalties
• Monitors audit findings and ensures that these are properly and promptly addressed and resolved
F. Financial Management
• Recommends profitability targets for product categories
• Collaborates with Sales Team for developing sales strategies, setting sales targets, and maximizing sales channels
• Manages and control the department’s budget
• Monitors the product performance and ensures that set targets per category/channels are met

Qualifications
- At least 5 years in fields related to micro-loans or marketing of financial products
- Knowledgeable with Product Development and Management, Business Acumen, Market Research and Analysis (feasibility studies, business process studies), Financial Analysis, Credit Management

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