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 solid 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.

Requirements

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.

📌 Product Manager (Bengaluru)
🏢 Weekday AI
📍 Bengaluru