Product Manager – Property-Backed Loans

Job Summary

We are looking for an experienced Product Manager / Senior Product Manager – Property-Backed Loans to own the end-to-end product lifecycle for Loan Against Property (LAP) and other property-backed lending products.

 

The role will be responsible for product strategy, proposition development, policy alignment, process design, pricing, portfolio performance, and business growth, while working closely with Credit, Risk, Sales, Legal, Technical, Operations, and Technology teams.

 

The ideal candidate should have strong hands-on experience in LAP / Property-Backed Business Loans, with a deep understanding of the customer segment, lending journey, underwriting requirements, product economics, and risk-return dynamics.

 

Key Products

Loan Against Property (LAP)

Property-Backed Business Loans

Mortgage / Residential Mortgage

Commercial Property Loans

Property-Backed Line of Credit

Bridging Loans

Development Finance

Equity Release Loans

Other Secured Lending Products

Key Responsibilities

Own the end-to-end product lifecycle for LAP and property-backed lending products.

Define and execute product strategy, roadmap, customer proposition, and business plan.

Identify market opportunities and develop new property-backed lending propositions based on customer and market needs.

Drive product profitability, pricing, fees, margins, and risk-adjusted returns.

Work closely with Credit and Risk teams to develop and refine credit policies, eligibility criteria, LTV, FOIR/DSCR, pricing, and underwriting frameworks.

Translate business requirements into product programs, processes, workflows, and system requirements.

Partner with Technology/LOS/LMS teams to drive product digitisation and process automation.

Work with Sales and Business teams to improve customer acquisition, conversion, TAT, and product adoption.

Analyse portfolio performance, customer segments, delinquency trends, and product-level profitability to identify improvement opportunities.

Drive new product launches, enhancements, pilot programs, and market expansion.

Collaborate with Legal, Technical, Operations, and Credit teams to ensure smooth end-to-end product execution.

Develop product MIS and dashboards to track disbursements, TAT, approval rates, portfolio quality, yields, and profitability.

Benchmark competitor products, pricing, processes, and customer propositions to maintain market competitiveness.

Present product performance, key initiatives, and business plans to senior management.

Ideal Candidate Profile

5–8 years of experience in lending/product management, preferably in LAP, Property-Backed Business Loans, Mortgage, or Secured Lending.

Strong preference for candidates who have managed LAP / property-backed business loan products end-to-end.

Experience in an NBFC, Bank, FinTech, or secured lending business preferred.

Strong understanding of property-backed lending, collateral, LTV, DSCR, property valuation, legal due diligence, and credit processes.

Experience in product development, policy formulation, pricing, process design, and portfolio management.

Ability to balance business growth, customer experience, product profitability, and credit risk.

Strong understanding of lending technology, particularly LOS/LMS and digital lending journeys.

Excellent analytical, stakeholder management, communication, and problem-solving skills.

Qualifications

MBA / PGDM in Finance, Marketing, Strategy, or equivalent preferred.

CA / CFA / other relevant finance qualifications will be an added advantage.

Key KPIs

Product disbursement and AUM growth

Product profitability / NIM / risk-adjusted returns

Approval and conversion rates

Customer acquisition and product adoption

Credit and disbursement TAT

Portfolio quality and delinquency

Product-level cost efficiency

New product / feature launches

Process automation and digitisation

Customer experience and journey improvement

Preferred Candidate

Candidates with strong hands-on experience in LAP (Loan Against Property) or Property-Backed Business Loans will be strongly preferred, particularly those who have owned the product from product strategy and policy through pricing, process, technology implementation, launch, and portfolio performance.