To lead the Installment Finance Products team and manage product development and enhancement process of Home/Installment Finance products as per the value propositions developed by Segment Managers and market trends and ensure that budget and profitability targets are met.
KEY RESPONSIBILITIES:
People Management
§ Organize and supervise the activities and work of subordinates to ensure that all work within Installment Finance Products is carried out in an efficient manner and consistent with operating procedures and policy.
§ Provide on-the-job training and constructive feedback to subordinates in order to support their overall development.
Budgets & Plans
§ Contribute to the preparation of the budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues and areas of unsatisfactory performance are identified.
§ Continuously monitor sales and ensure budget and profitability targets are met.
§ Ensure alignment to budget and business plan.
Installment Finance Management
§ Own P&L for Home/Installment Finance products and continuously monitor profitability to ensure budget and profitability targets are met.
§ Manage product development and enhancement process of Home/Installment Finance products as per the value propositions developed by Segment Managers and market trends and ensure that budget and profitability targets are met.
§ Design new or enhance existing products based on Segment Managers value proposition and determine regulatory and technology requirements to ensure that the new products are launched smoothly.
§ Monitor worldwide product trends and communicate product ideas to Retail Segmentation Management in order to keep Client’s team abreast of latest market trends.
§ Review business cases developed by Segment Managers and manage product approval phase.
§ Recommend pricing in line with Personal Finance pricing strategy and secure approval (for new and enhanced products) to ensure implementation of the same.
§ Collaborate with all parties (e.g. IT, Risk) for the implementation of new and enhanced products from post approval to launch phase
§ Contribute to promoting new/enhanced products in launch phase by providing input to product briefs (prepared by Segment Managers) in order to guide Advertising & Promotions on key product features.
§ Continuously monitor products profitability, manage product portfolio and retire solutions as appropriate in order to avoid proliferation.
§ Implement corrective actions suggested by Sales Management in order to improve sales.
§ Develop training modules (e.g., training material, manuals and guides) in coordination with Sales Support and HR in order to conduct product training and ensure sales staffs are aware of all product features.
Policies, Systems, Processes & Procedures
Recommend improvements to functional procedure and direct the implementation of instructions and controls covering a specific area of activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service.
Related Assignments
Perform other related duties or assignments as directed.
Key Performance Indicators:
TBD
Authority & Decision Making:
§ Key decisions having significant impact on the function are referred to the Executive Manager Personal Finance Products for approval before implementation.
§ The jobholder exercises financial authority as per the level established by Client’s management and stipulated in the authority matrix.
Job Details
| Date Posted: | 2016-05-03 |
| Job Location: | Al Kuwait, Kuwait |
| Job Role: | Management |
| Company Industry: | Banking |
Preferred Candidate
| Career Level: | Mid Career |
| Nationality: | United Arab Emirates; Bahrain; Djibouti; Algeria; Egypt; Iraq; Jordan; Comoros; Kuwait; Lebanon; Libya; Morocco; Mauritania; Oman; Palestine; Qatar; Saudi Arabia; Sudan; Somalia; Syria; Tunisia; Yemen |
| Degree: | Bachelor's degree |
Apply Now - Jobs in Kuwait - Management Jobs in Kuwait - Search All Jobs
Post a Comment