Manager, Product Development

Hong Leong Assurance; Selangor; On-site; MYR 120,000 - 180,000; Full time

Job summary

Hong Leong Assurance is seeking a capable Lead for New Product Development to drive ideation, concept validation, and initial market insights.

You will manage end-to-end product implementation, coordinate with internal and external stakeholders, and prepare documentation for review and approval. You will also train staff, support launches and campaigns, monitor market trends, and ensure regulatory compliance.

Qualifications

• Tertiary education preferably with actuarial/mathematics background.
• 3–5 years' experience, including 1 year as people manager.
• Well versed in regulatory, sales distribution, insurance products.
• Insurance & regulatory knowledge, consumer marketing knowledge, statistics, underwriting guidelines.
• Able to independently perform project management.
• Strong analytical and communication skills.

Responsibilities

• Lead initial product ideation discussions.
• Manage end-to-end product implementation and timeline deliverables.
• Collaborate with internal/external stakeholders for effective communication.
• Prepare product documents for review/approval.
• Communicate with agents and train internal staff.
• Support product launch roadshows and campaigns with marketing materials.
• Support distribution-channel strategies for Agency, Bancassurance, and other channels.
• Conduct focus groups with distributors or customers.
• Monitor market trends, conduct research, and provide insights.
• Lead regulatory changes and ensure compliance.
• Other duties as required.

Skills

Product management

Project management

Stakeholder management

Market research

Analytical skills

Communication skills

Team leadership

Education

Actuarial/ Mathematics background

Job description

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The lead to New Product Development process

Lead of the initial discussions on product ideation

Managing the end-to-end Product Implementation process and the project timeline deliverables.

Collaborate with internal / external key stakeholders to ensure efficient communication

Responsible on the preparation of product documentations for review / approval

Responsible on the communications to agents and to conduct internal staff trainings

Supports on Product launch roadshows

Supports on Product Campaigns alongside with the development of marketing & product materials.

Support distribution channels and ensure product strategy for Agency, Bancassurance and Alternative Channels are met.

Manage and conduct focus group discussion with distributors or customer.

Monitor market trends and developments & conduct market research and prepare analysis on insights on the market.

Others

Responsible to lead on any regulation changes and ensure compliance.

Job Requirements

Tertiary education preferably with Actuarial/ Mathematics background.

With at least 3 to 5 years' experience of which 1 year as people manager.

Well verse knowledge regarding regulatory, sales distribution, insurance products.

Insurance & regulatory knowledge, consumer marketing knowledge, statistics, underwriting guidelines.

Able to be independent on performing project management.

Good analytical and communication skills.