About The Role
As Non-Life Insurance Product Manager, you will be responsible for developing and managing Security Bank's non-life insurance portfolio across multiple partner insurers. The role focuses on designing and integrating general insurance products into the bank's ecosystem particularly as bundled or embedded propositions within loans, credit cards, CASA, and digital platforms. With an emphasis on digital enablement (mApp, online channels), the role will build new product concepts, strengthen existing mandatory insurance arrangements, and establish profitability and performance monitoring frameworks for sustainable non-life insurance growth.
How You'll Contribute
- Finetune and execute the non-life insurance strategy focused on growth, profitability, and product innovation across multiple insurers
- Identify, negotiate, and manage relationships with various non-life insurance providers to ensure competitive pricing, flexibility, and product diversity.
- Create and enhance products aligned with bank propositions e.g., Amortized Auto insurance, Travel, Home Content insurance, PPI add-on, and Cyber Protection.
- Conduct regular profitability and performance reviews of non-life products, identifying pricing or cost-structure improvements.
- Review and renegotiate existing terms with current mandatory insurance providers to improve commercial conditions and customer experience.
- Ensure all product proposals and marketing materials meet BSP and Insurance Commission regulations.
- Transition yearly upfront Auto (Fire/MRI) premiums to amortized structures embedded in loan installments.
What We're Looking For
- 5 to 10 years of product management experience, ideally in insurance or bancassurance.
- Strong analytical and financial modelling skills (profitability, pricing, and sensitivity analysis).
- Solid understanding of Philippine insurance regulations and bancassurance frameworks.
- Excellent communication and stakeholder management capabilities.
- Advanced proficiency in Excel and PowerPoint
About Security Bank
Security Bank is one of the Philippines best capitalized private domestic universal banks. Established
in 1951 and publicly listed with the Philippine Stock Exchange (PSE:SECB) in 1995, our major
businesses cover retail, corporate, commercial, and business (MSME) banking.
We're recognized as an Employer of Choice in Philippine banking by various award-giving bodies for
our values-based culture, industry-leading engagement and benefits, and commitment to work-life
balance.
Most recently, we ranked as the #2 best employer in the Philippines and #54 globally on the
prestigious Forbes World's Best Employers 2023 list.
At Security Bank, our approach to Human Capital Management (HCM) is embodied by our Employee
Value Proposition (EVP): YOU matter.
Start your BetterBanking career with us today.
