Director, Product Development

The role is responsible for :

• Lead new product development and product maintenance of life insurance products based on customer needs and economic environment to achieve business objective.
• Lead the end-to-end product development process from initial product design to launch of products as well as the product maintenances.
• Drive product and proposition innovations and collaborate closely with internal stakeholders to develop compelling customer propositions and strengthen our insurance ecosystem.

Position Responsibilities:

• Lead the development and implementation of new product initiatives and product enhancement projects for life insurance products. Oversee and manage launch schedule of new products and projects.
• Collaborate with business partners and internal parties in product planning, design and product development process to ensure product initiatives and related supports are delivered effectively and efficiently.
• Drive product and proposition innovations and explore potential opportunities to strengthen insurance ecosystem including value-added services.
• Drive proposition development from product perspective by building up sales stories based on customer needs and collaborating with internal stakeholders on the customer communications and sales support.
• Manage both internal and external stakeholders to ensure technology infrastructure and operational processes are able to support timely and successful launch of projects according to agreed plan.
• Support on-going product initiatives such as regular product reviews and actions and sales and customer campaigns.
• Support the implementation of regulatory changes from product line perspective.
• Proactively participate in the formulation of product strategies and prioritization of product initiatives.
• Lead, motivate and develop team members and collaborate with other teams on joint initiatives.
• Proactively monitor market development and conduct insurance market intelligence study for product update in market.
• Manage and communicate to key stakeholders including distribution and management on all key issues related to business lines in an effective manner.
• Support ad-hoc projects and other duties as required.

Required Qualifications:

• Required Personal Qualities/Skills/Competencies that are Critical to the Job.
• University degree in any discipline.
• Minimum 10 years of experience in insurance industry with at least 5 years at supervisory level.
• Experience in life insurance product development.
• Experience in working with reinsurers and insurance ecosystem partners is preferred.
• Sensitive to customer and market trends and be able to turn these insights into new product and proposition ideas.
• Resilient and bold to challenge status quo and drive changes.
• Willingness to offer expertise to create new projects or solutions.
• Ability to leverage key relationships and build networks to work effectively and deliver results.
• Strong project management and organizational skills, exceptional communication skills, considers diverse perspectives and uses tact to build support of own ideas.
• Team player, passionate, mature and independent in driving and handling counterparts. Ability to facilitate attainment of mutual agreement by communicating with diplomacy and tact, and gain commitment to decisions made.
• Strong communication, presentation and problem-solving skills.
• Efficient MS application and Chinese input.
• Fluent in written and spoken English.
• Maintains commitment to goals, measures own work to track progress, while identifying and resolving challenges.

When you join our team:

• We’ll empower you to learn and grow the career you want.
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we’ll support you in shaping the future you want to see.