Manager, Product Development

4 days 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.

PRINCIPAL DUTIES & RESPONSIBILITIES:
- To support the development and delivery of life insurance products as per the Product Development Process defined by Product Steering Committee (PSC) 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.- Collaborate with team members, internal/ external stakeholders to ensure timely and accurate delivery and execution of product implementation including product marketing/ customers’ materials, system requirements, product approval materials for PSC as well as group office, User Acceptance Testing etc.- To support the conduct of market intelligent study via regular structured product focus group to meet up with distributors, market watch and monitoring of new product launches by competitors for analysis to generate ideas and collect feedback for insurance 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 life insurance products.- To support the delivery of department specific reporting and updates such as QBPR updates, PCA Product Approval Condition Monitoring, FATCA Reporting, Board Paper and PIDM Reporting.- To support the delivery of risk management reporting such as incident reporting, risk and control self-assessment (RCSA) and any other risk reporting- Provide on-going product support in all matters related to products including campaigns.- Collaborate with the team members to provide timely and accurate delivery and response to product queries from internal and external stakeholders.- Coaching and guidance to supporting executives and interns.

JOB SPECIFICATION- Degree in Business, Marketing, Actuarial Science, Economics or related disciplines- Minimum 4 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. Mandarin will be added advantage.- Meticulous with the ability to work under pressure.

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