Manager, Product Development

Allianz Malaysia; Kuala Lumpur; On-site; MYR 90,000 - 130,000; Full time

Job summary

Allianz Malaysia is seeking a product development professional in Kuala Lumpur to own the end-to-end design and rollout of new products across distribution channels. You will translate market insights into robust product requirements, liaise with reinsurers, and lead cross-functional workstreams through approval and implementation.

The ideal candidate has a bachelor’s degree in actuarial science or equivalent, at least five years in product development or pricing, strong analytical and project

Qualifications

• Bachelor's Degree in Actuarial Science or equivalent.
• Minimum 5 years' experience in Product Development, Actuarial Science, or Pricing functions.
• Strong analytical acumen, technical grounding, and project management skills.
• Exceptional communication skills with a proven ability to lead, manage time effectively, and maintain a customer-centric approach.
• Proven track record of operational and execution excellence in a fast-paced environment.
• Familiarity with AI tools like ChatGPT or Copilot is an added advantage.

Responsibilities

• Conceptualise the product design, including input from distribution, reinsurers, market research, etc.
• Liaise with reinsurers on product idea/design and finalise product requirements (including pricing, definitions, underwriting).
• Plan and conduct focus groups with distribution channels and Market Management.
• Conduct market research/intelligence to assess competitiveness and strategic direction.
• Prepare materials for product approval for PMC/SMC/AZAP PMC/BNM.
• Support the Implementation Team in URs, test plans, UAT and product-related discussions.
• Lead product walkthroughs with PIC members and answer product questions.
• Draft policy contracts, PDS/SI, training materials and review marketing content.
• Conduct train-the-trainer sessions or distribution training as needed.
• Determine mechanics of product campaigns.
• Address queries/complaints/feedback from customers and distribution force.
• Support acquisition of new channels/partners.
• Provide guidance to team members on product-related items.
• Develop, lead and train staff reporting to the role.
• Handle ad-hoc assignments.

Skills

Analytical thinking

Technical grounding

Project management

Communication skills

Education

Bachelor's degree in Actuarial Science or equivalent

Tools

ChatGPT

Copilot

Job description

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

As part of the product development team, to actively strategies and drive the development and implementation of a product or initiative under different distribution channels, in line with the Company’s overall product strategy to meet its financial and strategy targets

You'll Be Responsible For

• To conceptualise the product design, including obtaining ideas from the distribution, reinsurers, market research, etc.
• Liaise or assist superior with liaising with reinsurers on the product idea/design and to finalise all product requirements (including pricing, definitions, underwriting, etc.)
• Conduct/plan any focus group required to finalise the design, working with respective distribution channels and/or Market Management. Tasks include preparation of materials, working on the timeline, collecting feedback or performing the focus group itself.
• Conduct market research/intelligence on a frequent basis to not only determine competitiveness of products being developed but to also ascertain the direction competitors take from a product perspective. This also includes product, marketing or underwriting campaigns.
• Preparation of materials needed for product approval (including for local Product Management Committee (PMC)/ Senior Management Committee (SMC), Allianz Asia Pacific Product Management Committee (AZAP PMC) and Bank Negara Malaysia (BNM)
• To support the Implementation Team in the area of the implementation portion of the product development cycle. This includes reviewing and amending/adding to the URs, test plans, UAT results and supporting the Implementation team on detailed discussions with PIC members on the operational and system related issues pertaining to products
• Take the lead in guiding product walkthroughs with PIC members, answering any questions related to the product
• Draft policy contract, PDS/SI, Training materials and review marketing materials
• Conduct train-the-trainer sessions and support, if required, distribution training sessions or conducting the training sessions itself.
• Determine the mechanics of any product campaigns
• Attend to queries/complaints/feedback raised by customers and distribution force
• Support the acquisition of new channels/partners
• Provide guidance to any team members on product related items
• Develop, lead and train staff reporting to him/her
• Handle all ad-hoc assignments given by superior

Important To Your Success

• Minimum Bachelor's Degree in Actuarial Science or equivalent.
• Minimum 5 years of working experience in Product Development, Actuarial Science, or Pricing functions.
• Strong analytical acumen, technical grounding, and project management skills.
• Exceptional communication skills with a proven ability to lead, manage time effectively, and maintain a customer-centric approach.
• Proven track record of operational and execution excellence in a fast-paced environment.
• Familiarity with AI tools like ChatGPT or Copilot is an added advantage.

Disclaimer:

Thank you for your interest in joining our team. Due to the high volume of applications we receive, we are unable to provide individual feedback to every applicant. If you do not hear from us within 14 days of submitting your application, please assume that you have not been selected for this position.

Important:

All updates regarding your application status will be communicated via email. Please ensure you frequently check your email for updates and further instructions.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

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