Executive, Product & Proposition

Prudential Assurance Malaysia Berhad; Kuala Lumpur; On-site; MYR 60,000 - 90,000; Full time

Job summary

Prudential Assurance Malaysia Berhad invites a capable product development professional to drive insurance product ideas from customer insights through feasibility, pricing, launch and post-launch reviews. You will coordinate with IT, Operations, Distribution, Actuarial and Compliance to ensure milestones are met and products stay competitive.

The role requires a degree in business, marketing, actuarial science, economics, or related fields, and 1–3 years in insurance product development or

Qualifications

• Degree in Business, Marketing, Actuarial Science, Economics, or related disciplines.
• 1–3 years of insurance product development or product marketing.
• Knowledge of insurance product structures.
• Proficient in written and spoken English and Bahasa Malaysia; Mandarin a plus.
• Meticulous with ability to work under pressure.

Responsibilities

• Develop and deliver insurance products per Product Steering Committee calendar.
• Conduct market intelligence studies via product focus groups against distributors and competitors.
• Provide ongoing product support including campaigns and campaigns analysis.
• Support projects related to regulatory changes and new systems with cross-functional coordination (IT, Operations, Distribution, Actuarial, Compliance).
• Organize and prepare Product Steering Committee meetings.

Skills

Product knowledge

English fluency

Bahasa Malaysia

Mandarin (plus)

Attention to detail

Education

Degree in business/marketing/economics

Job description

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Key Responsibilities

• Develop and deliver insurance products as per the Product Development Process defined by Product Steering Committee and in accordance with the schedules set in product calendar. This includes all stages within the process ranging from insights into customers / distributors / competitors, product ideas generation, feasibility evaluation and conversion of idea into product design, ensure competitiveness in product pricing, product launch, post-launch review/ monitoring and recommendation for potential enhancements.
• To support the conduct of market intelligent study via regular structured product focus group to meet up with distributors, market watch and monitoring of new product launches by competitors for analysis to generate ideas and collect feedback for insurance products.
• Provide on-going product support in all matters related to products including campaigns.
• To support on projects relating to changes due to new regulatory/ Group requirements and new systems, which include coordination with other project stakeholders such as IT, Operations, Distribution, Actuarial and Compliance.
• Organization and preparation of Product Steering Committee meetings for insurance products.

Qualifications & Requirements

• Qualifications
• Degree in Business, Marketing, Actuarial Science, Economics, or related disciplines.
• Experience
• Preferable 1-3 years working experience in the insurance industry, preferably in the function of product development or product marketing.
• Knowledge
• Insurance product knowledge, with good fundamentals of various product structures.
• Proficient in written and spoken English and Bahasa Malaysia, Mandarin will be added advantage.
• Meticulous with the ability to work under pressure.

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.