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Product Development Manager

  • Full Time, onsite
  • Hong Leong MSIG Takaful
  • Kawasan Sekitar Kuala Lumpur, Malaysia
Salary undisclosed

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  • Identify product gap, initiate new product proposal, develop specification and negotiate with pricing team for competitive pricing and profitability.
  • Design and develop marketing materials for the product launches
  • To lead in product enhancements and development of new and existing products where necessary
  • Co manage together with pricing team on the development and maintenance of Benefit Illustration file/software and/or Calculators.
  • Lead and develop certificate contract development for new and existing
  • Conduct focus group discussion with agents, distributors and consumers
  • Conduct product comparison related to the product offerings in the market.
  • Continuous review and enhance product development and approval process for fast to market whilst adhering regulation requirements
  • Provide on-going product support to agency distribution and partnership distribution in all matters related to products.
  • Conduct product training to staff
  • Facilitate product training to Trainers/Distributors
  • Keeping up to date and following with up the latest compliance and regulations by Bank Negara Malaysia and associations
  • To guide and develop subordinate to be prepared to head the 3rd line of managerial role.
  • Ensure timely communication to sales personnel and staff on the product launches update.
  • To guide staff to analyses customer data and identify opportunities for cross selling or upselling
  • To understand purchasing behavior of the customer for future development of products, personalizing customer experience and streamline operations
  • To deter and mitigate risk for products which are vulnerable to moral hazard such as medical related products.
  • Initiate campaign proposal, develop campaign specification, and develop marketing materials for the campaign launches

Job Requirements

  • At least 5 years of working experience in the insurance/takaful industry especially with product development/marketing and/or pricing
  • Well versed with Bank Negara and industry guidelines for product development and marketing.
  • Excellent interpersonal skills - good communication and influential skills, a team player, organized, ability to interact with all level of management, ability to work under pressure and attention to details.
  • Bachelor Degree in a Actuarial Science, Marketing, Statistics or any other
  • related background
  • Project Management skills.