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).
