Overall purpose, duties and responsibilities of the role:
Support the Product Management Head in executing the product roadmap by owning and ensuring successful delivery of product development and enhancement projects.
Duties and Responsibilities:
Project Management/Governance Support
- Design new life insurance products, enhancements, and solutions to drive KPIs. Ensure the interests of the stakeholders (company, customer, and distribution) and risks are considered in the process.
- Lead cross-functional teams during the product development cycle following the product development governance. Ensure regulatory, marketing, and technical readiness upon the scheduled launch.
- Provide project updates to the Product Management Committee including presentation of relevant information to come up with a sound business decision.
Product Strategy
- Develop a strong product/portfolio story and proposition backed by research and ensure this will translate to customer- and distribution-facing materials including the sales illustration.
- Manage market and competitor intelligence artifacts and reports. Analyze market and competitor trends and propose necessary actions to keep up with the competition.
- Exercise post-launch monitoring of products, and where necessary, propose campaigns to meet product KPIs.
Others:
- Support annual review of the product portfolio.
- Provide product insights and support to other business units and institutional projects within reasonable and agreed TAT.
- Execute enhancements to comply with the new regulatory guidelines, if any.
Essential Skills / Qualifications:
- Essential Skills / Qualifications:
- Bachelor's Degree holder in Mathematics, Actuarial Science, Business Administration, Marketing Management, or equivalent
- Must have at least 4 years experience in life insurance, preferably in product development, pricing, project management, or operations
- Should be able to lead a cross-functional team
- Knowledge in life insurance products, underwriting, operational guidelines, and marketing
- Should be able to lead a project end-to-end
- FLMI designation is a plus
- Excellent presentation, communication, and time management skills.
