Senior Product Manager Credit & Lending – Mumbai

Company Description Muthoot Homefin (India) Limited (MHIL) is a Housing Finance Company registered with the National Housing Bank and a subsidiary of Muthoot Finance Limited, India’s largest gold loan company. As part of The Muthoot Group, MHIL benefits from over 129 years of experience in serving customers across India and globally. The company focuses on financial inclusion for economically weaker sections and low-income customer segments by providing access to formal housing finance. MHIL specializes in affordable housing finance for first-time home buyers, operating on a hub-and-spoke model with a centralized processing unit in Mumbai to ensure strong due diligence, efficiency, and productivity.
Role Description The Senior Product Manager Credit & Lending will lead the design, development, and optimization of credit and lending products for affordable housing finance customers. This full-time, on-site role in Mumbai involves defining product strategy, managing the product lifecycle, and aligning offerings with regulatory requirements and market needs. Daily responsibilities include analyzing customer segments and portfolio performance, setting credit policies and underwriting standards, and collaborating with risk, operations, and sales teams to ensure smooth implementation. The individual will monitor key performance metrics, drive product enhancements, support digital and process improvements, and prepare business cases and presentations for senior leadership. The role also includes staying updated on housing finance regulations, competitive offerings, and emerging trends to maintain MHIL’s relevance and competitiveness in the market.
Qualifications
Strong expertise in credit, lending, and housing finance products, with experience in affordable housing or retail lending.
Proficiency in product management activities such as product design, roadmap planning, and lifecycle management.
Ability to analyze financial data, portfolio metrics, and customer insights to inform product decisions.
Experience working with cross-functional teams, including risk, operations, technology, and sales.
Solid understanding of regulatory guidelines related to housing finance and credit risk management.
Excellent communication, stakeholder management, and presentation skills.
Demonstrated capability in process improvement and adoption of digital tools for credit and lending workflows.
Relevant academic background such as a degree in finance, business, economics, or a related field; an MBA or equivalent professional qualification is an advantage.
Prior experience in a senior product or credit role within housing finance, NBFCs, banks, or other financial services organizations.

Work arrangement
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