Digital Product Development, Assistant Manager

Hong Leong Assurance; Selangor; On-site; MYR 100,000 - 150,000; Full time

Job summary

A major player in the insurance industry, Hong Leong Assurance is seeking a Product Development Manager to lead the development of innovative digital insurance products. This role encompasses market research, product design, and stakeholder collaboration to deliver products that meet business goals and customer needs. With a strong understanding of the life insurance market and regulatory requirements, the ideal candidate will excel in a dynamic environment while driving the product lifecycle from concept through to launch.

Benefits

Comprehensive health benefits

Performance bonuses

Flexible work arrangements

Qualifications

• Minimum of 2 years’ experience in life insurance product design, development, or management.
• Solid understanding of life insurance products, market dynamics, and regulatory frameworks.

Responsibilities

• Lead development of new digital insurance products from concept to launch.
• Conduct market research to identify customer needs and competitive landscape.
• Collaborate with cross-functional teams to ensure alignment and smooth product development.

Skills

Analytical Skills

Product Management

Communication

Stakeholder Management

Education

Bachelor’s Degree in Actuarial Science, Economics, Marketing, or related discipline

Tools

Microsoft Office (Word, Excel, PowerPoint, Outlook)

Job description

Responsible for leading the development of new digital insurance products, from concept to launch. This involves market research, product design, collaborating with stakeholders, and managing the product lifecycle, ensuring alignment with business goals and customer needs. This role involves understanding of regulatory requirements, and company objectives to create competitive and profitable digital channel products.

Product Design and Development:

Working with the Product Development Team to create user-friendly and innovative digital insurance products, including features, functionality, and user interfaces. Ensuring that all product development activities comply with relevant insurance regulations and legal requirements. "

Market Research and Analysis:

Conducting research on the competitive landscape, identifying market opportunities, and analyzing customer needs for digital insurance product development. "

Product Vision and Strategy:

Defining a clear product vision, developing a product roadmap, and setting both short-term and long-term goals for the product. "

Cross-Functional Collaboration:

Collaborating with various teams, including marketing, sales, operations, legal, and compliance, to ensure a smooth product development process and alignment with business objectives. "

Product Launch and Go-to-Market Strategy:

Developing and executing go-to-market strategies, including marketing campaigns, promotional activities, and sales enablement. "

Product Performance Monitoring and Optimization:

Tracking product performance, analyzing key metrics, and making data-driven decisions to optimize the product and improve user experience. "

Stakeholder Management:

Managing relationships with key stakeholders, including senior management, partners, and customers, to ensure alignment and support for the product. "

Ensure compliance with Company and Regulatory policies and regulations. Other duties as required by the Management.

Job Requirement

Bachelor’s Degree in Actuarial Science, Economics, Marketing, or a related discipline

Minimum of 2 years’ experience in life insurance product design, development, or management, or a related field

Solid understanding of life insurance products, market dynamics, and regulatory frameworks

Strong grasp of the insurance industry landscape and emerging digital technologies

Proficient in Microsoft Office applications, including Word, Excel, PowerPoint, and Outlook

Excellent analytical and problem-solving abilities

Strong communication and interpersonal skills, with the ability to collaborate across teams

Ability to thrive in a dynamic, fast-paced work environment

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Your application will include the following questions:

Which of the following statements best describes your right to work in Malaysia? What's your expected monthly basic salary? Which of the following types of qualifications do you have? How many years' experience do you have as a Product Development Manager?

Hong Leong Assurance Berhad (HLA) is one of the largest insurance companies in Malaysia. It is a well-established and respected Malaysian brand offering financial planning and protection solutions to meet the various needs of Malaysians at different cycles of their lives. Commitment to the customer is the key to HLA's success, where service is provided through a large network of branches, agents and brokers throughout the country as well as bancassurance and alternative distribution channels.

HLA began as a General Insurance business under the name of Malaysia Pacific Insurance Berhad in 1972. The Life Insurance business was added into its portfolio a year later. In December 1982, Hong Leong Assurance Sdn Bhd, a composite insurance company was formed eventually acquiring the entire General and Life business of Malaysia Pacific Insurance. Today, HLA is a subsidiary of HLA Holdings Sdn Bhd (HLAH), which is wholly-owned by Hong Leong Financial Group Berhad (HLFG), the financial services arm of Hong Leong Group Malaysia.

Pursuant to a strategic partnership, in October 2010, HLA merged its General Insurance business with MSIG Insurance (Malaysia) Bhd (MSIM). Concurrently, HLAH took a 30 percent equity interest in MSIM and Mitsui Sumitomo Insurance Company Limited (MSI) took a 30 percent equity interest in HLA. Moving forward, the General Insurance business would be provided by MSIM, while the life insurance business would continue to be provided by HLA.

With the strategic partnership, HLA is poised to reach new horizons for its Life Insurance business. HLA is today one of Malaysia's leading domestic brands for financial planning and protection solutions, specializing in Life Insurance products and services.

HONG LEONG FINANCIAL GROUP

Hong Leong Financial Group is a leading provider of financial services through the subsidiaries and associate companies of Hong Leong Financial Group Berhad.

The Group's Financial Services companies provide a broad spectrum of financial services - banking, treasury, insurance, fund management, investment banking, capital markets and stock-broking throughout Malaysia, Singapore, China, Hong Kong and Vietnam. Based in Kuala Lumpur, our products and services are distributed via a diverse range of distribution channels.

Our vision is to be an integrated services group that consistently meet our customers' financial and investment needs. Our goal is to become a leader in the financial services industry, a leader in each of the market that we operate in.

HONG LEONG GROUP MALAYSIA

Hong Leong Group is a leading conglomerate based in Malaysia with diversified businesses in manufacturing and distribution, financial services, property development & investment, and hospitality & leisure. The Group today controls 13 listed companies in various stock exchanges with over 500 operating subsidiaries and associate companies around the world. Now forty years in operation, the Hong Leong Group has successfully entrenched its brands deeply in the communities where it has a presence - in its home base Malaysia to the rest of Asia, in Western Europe and the UK, in North America and in Oceania.

HONG LEONG ASSURANCE BERHAD

Hong Leong Assurance Berhad (HLA) is one of the largest insurance companies in Malaysia. It is a well-established and respected Malaysian brand offering financial planning and protection solutions to meet the various needs of Malaysians at different cycles of their lives. Commitment to the customer is the key to HLA's success, where service is provided through a large network of branches, agents and brokers throughout the country as well as bancassurance and alternative distribution channels.

HLA began as a General Insurance business under the name of Malaysia Pacific Insurance Berhad in 1972. The Life Insurance business was added into its portfolio a year later. In December 1982, Hong Leong Assurance Sdn Bhd, a composite insurance company was formed eventually acquiring the entire General and Life business of Malaysia Pacific Insurance. Today, HLA is a subsidiary of HLA Holdings Sdn Bhd (HLAH), which is wholly-owned by Hong Leong Financial Group Berhad (HLFG), the financial services arm of Hong Leong Group Malaysia.

Pursuant to a strategic partnership, in October 2010, HLA merged its General Insurance business with MSIG Insurance (Malaysia) Bhd (MSIM). Concurrently, HLAH took a 30 percent equity interest in MSIM and Mitsui Sumitomo Insurance Company Limited (MSI) took a 30 percent equity interest in HLA. Moving forward, the General Insurance business would be provided by MSIM, while the life insurance business would continue to be provided by HLA.

With the strategic partnership, HLA is poised to reach new horizons for its Life Insurance business. HLA is today one of Malaysia's leading domestic brands for financial planning and protection solutions, specializing in Life Insurance products and services.

HONG LEONG FINANCIAL GROUP

Hong Leong Financial Group is a leading provider of financial services through the subsidiaries and associate companies of Hong Leong Financial Group Berhad.

The Group's Financial Services companies provide a broad spectrum of financial services - banking, treasury, insurance, fund management, investment banking, capital markets and stock-broking throughout Malaysia, Singapore, China, Hong Kong and Vietnam. Based in Kuala Lumpur, our products and services are distributed via a diverse range of distribution channels.

Our vision is to be an integrated services group that consistently meet our customers' financial and investment needs. Our goal is to become a leader in the financial services industry, a leader in each of the market that we operate in.

HONG LEONG GROUP MALAYSIA

Hong Leong Group is a leading conglomerate based in Malaysia with diversified businesses in manufacturing and distribution, financial services, property development & investment, and hospitality & leisure. The Group today controls 13 listed companies in various stock exchanges with over 500 operating subsidiaries and associate companies around the world. Now forty years in operation, the Hong Leong Group has successfully entrenched its brands deeply in the communities where it has a presence - in its home base Malaysia to the rest of Asia, in Western Europe and the UK, in North America and in Oceania.

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