Pamb Executive, Product Development

2 weeks ago

Kuala Lumpur, Malaysia Prudential plc Full time

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

The incumbent is primarily responsible for supporting the development of products that support the Company’s product delivery strategy.

PRINCIPAL DUTIES & RESPONSIBILITIES:

- To support the development and delivery of life and retirement products as per the Product Development Process defined by Product Steering Committee and in accordance with the schedules set in product calendar. This includes all stages within the process ranging from insights into customers/distributors/competitors, product ideas generation, feasibility evaluation and conversion of idea into product design, ensure competitiveness in product pricing, product launch, post-launch review/monitoring and recommendation for potential enhancements.
- To support the conduct of regular structured product focus group to meet up with distributors (e.g. agency, Financial Services Manager, Financial Advisors) to exchange ideas and collect feedback for products.
- To support on projects relating to changes due to new regulatory/PCA requirements and new systems, which include coordination with other project stakeholders such as IT, Operations, Distribution, Actuarial and Compliance.
- Organization and preparation of Product Steering Committee meetings for products.
- Self-development.

JOB SPECIFICATION
- Degree in Business, Marketing, Actuarial Science, Economics or related disciplines
- Minimum 1-3 years working experience in the insurance industry, preferably in the function of product development or product marketing.
- Well versed in insurance product.
- Proficient in written and spoken English and Bahasa Malaysia
- Meticulous with the ability to work under pressure.

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