Product Development Manager
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.
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