Assistant Manager, Product Development & Management

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.

Job Scope:

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

Principal Duties & Responsibilities:

• Develop and deliver products as per the Product Development Process defined by PSC (Product Steering Committee) and in accordance with the schedules set in product calendar for bancassurance channel. This includes all stages within the process ranging from insights into consumers / 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.
• Provide on-going product support to partnership distribution in all matters related to products including campaigns.
• 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.
• Manage projects related to changes due to new regulations/Group requirements and new systems, which include coordination with other project stakeholders such as IT, Operations, Distribution, Actuarial and Compliance.
• 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 3 years working experience in the insurance industry, preferably in the function of product development or product marketing.

• Insurance product knowledge, with good fundamentals of the various product structures / platforms and well-versed with the product development process.

We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.