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Product Development Manager (Life Insurance)
Job Level:
Management
Location:
MY
Due Date:
ASAP
Area of Expertise:
Product Management
Unit:
Allianz Malaysia
Job Type:
Full-Time
Remote Job:
Not applicable
Employment Type:
Permanent
ID:
8717
Job Summary
As part of the development team, you are responsible for ensuring the successful development of a product. Products are to be in line with the Company’s overall product strategy
Key Responsibilities
- To conceptualise the product design, including obtaining ideas from the distribution force, reinsurers, market research, etc.
- Liaise with the reinsurers on the product idea/design and to finalize all product requirements (including pricing, definitions, underwriting, etc.)
- Conduct any focus group required to finalize the design
- Conduct market research/intelligence on a frequent basis to not only determine competitiveness of products being developed but to also ascertain the direction competitors take from a product perspective. This also includes product, marketing, or underwriting campaigns.
- Preparation of materials needed for product approval (including for local, regional and BNM)
- To support the Implementation Team in the area of the implementation portion of the product development cycle. This includes review and amend/add to the URs, test plans, UAT results and supporting the Implementation team on detailed discussions with PIC members on the operational and system related issues pertaining to products
- Draft policy contract, PDS/SI, Training materials and review marketing materials
- Conduct train-the-trainer sessions and support, if required, distribution training sessions
- Determine the mechanics of any product campaigns
- Attend queries/complaints/feedback raised by customers and distribution force
- Support the acquisition of new channels/partners
- Ensure outstanding Day 2 tasks are completed, participating in any meetings required for the development and implementation of the tasks.
- Work with the relevant departments to drive and strategies In force Online development as per new product developments.
- Handle all ad-hoc assignments given by superior
- Staff development and coaching of direct report(s)
Key Requirements
- Minimum Bachelor's Degree in Actuarial Science or equivalent.
- At least 5 years of product development, product implementation or relevant experience.
- Exceptional analytical, problem solving and collaborative skills
- Excellent communication skills
- Strong project management abilities, able to monitor and manage multiple timelines
- Good interpersonal and relational skills, with strong networking abilities
- Strong coaching abilities to develop staff
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