Product Manager – Lending

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Product Manager - Lending

  • Post Date:January 15, 2022
  • Views 623
0 Applications
  • Career Level Manager
    Qualification Degree
    Experience 3-5 Years
  • Industry Business
Job Description

Job Requisition ID: JR-18192

Your time is now to be your exceptional best at Old Mutual!

Job Description

An exciting opportunity has arisen for a Product Manager -Lending to join the OM Fintech business, responsible for driving the OM Fintech Lending product vision, strategy, implementation, and profitability. By defining what the customers wants, the incumbent will ensure build of the right Lending propositions and drive the adoption initiatives to meet set revenues targets and profitability.

It is important that the incumbent understands the Lending market, product, business, and any constraints involved to properly.

  • Define the product vision, strategy, and roadmap
  • Gather, manage, and prioritize market/customer requirements
  • Acting as the customer advocate articulating the user’s and/or lender’s needs.
  • Drive the commercialization and profitability of the lending business

By creating and communicating a clear product evolution path, the Product manager Lending focuses their effort on delivering the best possible customer value while working closely with the Banking, Platform and marketing teams to best meet consumer and business goals.

Key Result Areas

In consultation with the Chief Commercial & Products Officer, Head Ecosystem and Partnership and Management Teams;

Product strategy & Planning

  • Sets and develops the Lending product strategy and product evolution through research driven insights
  • Maintaining an awareness of relevant country and industry forces affecting the strategic approach for the Lending business
  • Identifies new Lending opportunities, new products and services in the Lending space and improvements to existing Lending products and discussing these with fintech management
  • Defines the road map for the Lending Products relevant to the current market demand, and to the identified future growth areas, as per the targets and financial budget.
  • Assures relevance and strategic fit for all new Lending products developed in line with the strategic direction

Product Management

  • Translate product strategy into detailed requirements and prototypes
  • Lead the product ideation, concept, and product development
  • Develops the business case for new products, improvements to existing products, and business ventures.
  • Oversee the product development process of the final Lending use cases within set requirements and timelines.

Product Commercialization & Performance Management

  • Meet the set revenue and profitability targets for the lending product
  • Drive Customer Acquisition, Activity and Retention in line with set targets for the lending product
  • Plan and drive product launches in conjunction with Group marketing and PR teams
  • Monitoring and measuring of Lending profitability and NPL and taking appropriate action
  • Manages the overall product and marketing mix, customer experience and the contribution of each Lending use case
  • Oversees the continual Lending product life cycle process and adjusts accordingly.
  • Reviews benchmarking analysis of competitors, including capabilities, technology, products and services in order strengthen the Lending products and services.
  • Manages the P& L for Lending business and driving activation and adoption of Lending products on the OM Fintech platform

Product Operations

  • Ensures process alignment and operational efficiency is reflected at product level
  • Attends to and ensures product and customer compliance , risks with internal and external set regulation and policies
  • Reporting and regulatory adherence of all Lending related requirements

Stakeholder Management

  • Oversees the engagement, contractual and SLA’s sign offs with stakeholders and ensures these are adhered to.
  • Engages stakeholders (internal, external) by:
  • Conducting Brainstorming sessions (“Think tank”).
  • Producing research and feasibility reports.
  • Analyzing, developing, and recommending Lending products design.

People Management

  • Build, mentor and manage a product team while nurturing a customer-driven product culture.
  • Ensure continuous support and development of skills and competencies in conjunction with Human capital


Banking, Commercialization, Communication, Customer Experience (CX), Customer Service, Customer Value, Design, Developing Prototypes, Lending, Lending Products, Metrics, People Management, Process Development (PD), Product Commercialization, Product Development, Product Strategies, Profitability, Researching, Senior Management Leadership, Stakeholder Management, Taking Initiative, Team Management, Use Cases

Education: Bachelor of Information Technology (BIT) (Required)

Closing Date: 2 February 2022