Product Development Manager for Insurance Business

6 days ago


Singapore LMA RECRUITMENT SINGAPORE PTE. LTD. Full time
Job Overview

LMA Recruitment Singapore PTE LTD is seeking a highly skilled Associate Product Management professional to join their team on a 6-month paternity cover basis. As an essential member of the insurance business, you will play a pivotal role in driving product development and implementation.

Key Responsibilities

  • Collaborate with the Product Manager to design and implement innovative product strategies that enhance customer satisfaction and drive business growth.
  • Conduct thorough market analysis and customer research to identify trends and opportunities for product improvement.
  • Determine product features and benefits through careful consideration of market information, including pricing and competitiveness.
  • Support pre-launch and post-launch activities, ensuring seamless execution of marketing campaigns and operational matters.
  • Review existing products and present recommendations at the Annual Product Review.
  • Maintain compliance with regulatory and business standards requirements related to product management.
  • Coordinate due diligence to determine suitable customer segments, distribution channels, and training needs.

Requirements

  • A minimum of 3+ years' experience in proposition and/or product development in life insurance or reinsurance is preferred.
  • Strong understanding of various types of insurance products, including customers' needs, distributors' preferences, and cost-benefit analysis.
  • Able to comprehend and resolve system, operational, and implementation issues effectively.
  • Academic qualifications: Degree in Actuarial Science, Mathematics, Business, Finance, Accountancy, or Economics.

Estimated Salary Range

The estimated salary range for this position is SGD $80,000 - $110,000 per annum, depending on experience and qualifications.

About Us

LMA Recruitment Singapore PTE LTD is a reputable recruitment agency with a proven track record of delivering top talent to leading organizations in Singapore. Our commitment to excellence and customer satisfaction sets us apart in the industry.

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