Assistant Manager/Manager, Product Development

2 weeks ago


Singapore Income Insurance Limited Full time $120,000 - $180,000 per year

Key Responsibilities:

  • Support Individual Protection and Health (P&H) product development and management aligned to company strategy.
  • Support and contribute input into the Life product fund strategy.
  • Support the management of third-party Life/Non-Par P&H products including due diligence, onboarding, ongoing review and offboarding, liaison with Third-Party Life product manufacturers.
  • Assist in conforming to and evolving the Product Development Policies and Process of the company.
  • To support and contribute to the agenda and present at CBE Product/Product Management Committee, eg P&H product updates, different stages of P&H product approvals, ie Stage 1, Stage 2, post-launch reviews.
  • Help manage the implementation of new P&H products, and product -related changes through and with the support of Product Implementation Work Group (PIWG).
  • Assist managing the ongoing review of P&H products to ensure they continue to be fit-for-purpose with the support of the Actuarial Team (AT), Claims, Underwriting and other functions as required.
  • To support the identification, assessment, management, mitigation and monitoring of the risks associated with P&H product development and management.
  • To assist in ensuring all P&H product-related regulatory and compliance requirements are met.
  • Assist in coaching and personal development of the P&H product team.
  • Working collaboratively internally with PIWG, Marketing, Strategic Communications, Brand, Distribution, Pricing, Actuarial, Finance, Operations, IT, Risk and Compliance etc to accomplish company objectives.
  • Working collaboratively with external parties, as needed, to move the company agenda forward, eg reinsurers, consultants, third-party Life product manufacturers etc.
  • To support/be a key contact as appropriate with MAS, CPF, LIA, MOH, Ministry of Finance, Singapore Deposit Insurance Corporation Limited (SDIC) etc
  • To participate, co-represent and present at company or external events on P&H products as required.

Requirements:

  • At least 5 years of product management/actuarial experience with strong Business and financial acumen.
  • Local knowledge of Singapore market, competitors/products, regulations.
  • Capability to build strong professional working relationships with regulators and other industry bodies (MAS, CPF, MOH, LIA, SDIC etc) and navigate the necessary regulatory processes.
  • Experience in/shows potential in influencing and aligning other functions to meet product development/ management goals and timelines.
  • Some experience in business relationships/ partnerships with reinsurers, all distribution channels (eg agents, FAs, banks etc).


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