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Product Development Manager (Life Insurance)

Job Level:  Management


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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