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Manager, Product Development

1 month ago

Malaysia Hong Leong Group Full time

Product Manager responsible for developing and launching new products, enhancing existing ones, and providing ongoing support to agency distribution and partnership distribution.

Key Responsibilities:

  • Identify product gaps and develop proposals for new products, including specifications and pricing.
  • Design and develop marketing materials for product launches.
  • Lead product enhancements and development of new and existing products.
  • Collaborate with pricing team on Benefit Illustration file/software and/or Calculators.
  • Develop certificate contract development for new and existing products.
  • Conduct focus group discussions with agents, distributors, and consumers.
  • Conduct product comparison related to product offerings in the market.
  • Review and enhance product development and approval process for fast-to-market products while adhering to regulation requirements.
  • Provide ongoing product support to agency distribution and partnership distribution.
  • Conduct product training to staff.
  • Facilitate product training to Trainers/Distributors.
  • Stay up-to-date with the latest compliance and regulations by Bank Negara Malaysia and associations.
  • Guide and develop subordinates for managerial roles.
  • Communicate product launches updates to sales personnel and staff.
  • Analyze customer data to identify opportunities for cross-selling or upselling.
  • Understand customer purchasing behavior for future product development.
  • Deter and mitigate risk for products vulnerable to moral hazard.
  • Initiate campaign proposals and develop marketing materials for campaign launches.

Requirements:

  • At least 5 years of experience in the insurance/takaful industry, especially in product development/marketing and/or pricing.
  • Well-versed with Bank Negara and industry guidelines for product development and marketing.
  • Excellent interpersonal skills, including communication, influential, and organizational skills.
  • Bachelor's Degree in Actuarial Science, Marketing, Statistics, or related background.