Executive/ Senior Executive, Product Development (Life Insurance)

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

Job summary

Allianz Malaysia Berhad is seeking an Executive/Senior Executive in Product Development for life insurance to support development and implementation of products across distribution channels in line with the group's strategy.

The role requires strong analytical and project management skills, collaboration across stakeholders, and the ability to manage multiple timelines. Familiarity with AI tools like ChatGPT is an advantage; a Bachelor's in Actuarial Science or equivalent is required.

Qualifications

• Bachelor's Degree in Actuarial Science or equivalent.
• Exceptional analytical, problem solving and collaborative skills.
• Strong project management abilities, able to monitor and manage multiple timelines.
• Good interpersonal and relational skills, with strong networking abilities.
• Familiar with the use of AI tools such as ChatGPT for tasks simplification.

Responsibilities

• Assist in handling and facilitating all product development and implementation activities with relevant internal stakeholders.
• Support the management of product and project timelines, including planning, arranging UAT activities with system owners, preparing URs, crafting test plans, and performing UAT.
• Prepare and submit user requirements for new products, and monitor submissions from other team members to ensure adherence to timelines.
• Oversee the implementation of relevant sales tools in line with new product developments.
• Assist in conceptualizing product designs by gathering ideas from distribution channels, reinsurers, and market research.
• Conduct regular market research and intelligence to assess competitiveness of products, including product, marketing, and underwriting campaigns.
• Liaise with reinsurers to finalize product ideas and requirements.
• Assist in preparing materials for product approval, drafting policy contracts, PDS/SI, training materials, and reviewing marketing materials.
• Conduct train-the-trainer sessions and support, if required, distribution training sessions.
• Understand product designs and scope out potential changes or enhancements needed for product administration, involving relevant departments to identify gaps and solutions.
• Address customer and distribution force queries, complaints, and feedback.
• Handle all ad-hoc assignments as assigned by your superior.

Skills

Analytical

Problem solving

Collaborative

Project management

Interpersonal skills

Networking

AI tools (ChatGPT)

Education

Bachelor's degree in Actuarial Science

Job description

Executive/ Senior Executive, Product Development (Life Insurance)

Looking for a career that allows you to take ownership of your work?

As part of the product development team, to actively supporting the development and implementation process of a product or initiative under different distribution channels to be in line with the Company’s overall product strategy.

You'll be responsible for:

Assist in handling and facilitating all product development and implementation activities with relevant internal stakeholders.

Support the management of product and project timelines, including planning, arranging UAT (User Acceptance Testing) activities with system owners, preparing user requirements (UR), crafting test plans, and performing UAT.

Prepare and submit user requirements for new products, and monitor submissions from other team members to ensure adherence to agreed timelines.

Oversee the implementation of relevant sales tools in line with new product developments.

Assist in conceptualizing product designs by gathering ideas from distribution channels, reinsurers, and market research.

Conduct regular market research and intelligence to assess the competitiveness of products, including product, marketing, and underwriting campaigns.

Liaise with reinsurers to finalize product ideas and requirements.

Assist in preparing materials for product approval, drafting policy contracts, PDS/SI, training materials, and reviewing marketing materials.

Conduct train-the-trainer sessions and support, if required, distribution training sessions.

Understand product designs and scope out potential changes or enhancements needed for product administration, involving relevant departments to identify gaps and solutions.

Address customer and distribution force queries, complaints, and feedback.

Handle all ad-hoc assignments as assigned by your superior.

Important to your success:

Minimum Bachelor's Degree in Actuarial Science or equivalent.

Exceptional analytical, problem solving and collaborative skills

Strong project management abilities, able to monitor and manage multiple timelines

Good interpersonal and relational skills, with strong networking abilities.

Familiar with the use of AI tools such as ChatGPT for tasks simplification

Allianz began in Germany over 120 years ago in 1889. Today, Allianz is one of the world's leading insurers and financial services providers. Allianz provides its over 78 million customers worldwide a comprehensive range of services in the areas of property and casualty insurance, life and health insurance, and asset management. Allianz Malaysia Berhad (AMB) is part of the Allianz Group. AMB, an investment holding company has two wholly-owned subsidiaries - Allianz Life Insurance Malaysia Berhad(“Allianz Life”) and Allianz General Insurance Company (Malaysia) Berhad(“Allianz General”).

Allianz began in Germany over 120 years ago in 1889. Today, Allianz is one of the world's leading insurers and financial services providers. Allianz provides its over 78 million customers worldwide a comprehensive range of services in the areas of property and casualty insurance, life and health insurance, and asset management. Allianz Malaysia Berhad (AMB) is part of the Allianz Group. AMB, an investment holding company has two wholly-owned subsidiaries - Allianz Life Insurance Malaysia Berhad(“Allianz Life”) and Allianz General Insurance Company (Malaysia) Berhad(“Allianz General”).