Product Development Lead

Allianz; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Benefits offered by this job

Annual Leave

Medical and Hospitalisation Leave

Job summary

Allianz Malaysia is seeking a seasoned product development professional with actuarial exposure to design and manage insurance products. You will gather insights from distribution, reinsurers and market research, finalize product requirements and oversee pricing, definitions and underwriting.

You will coordinate with senior management and compliance committees, support implementation, and lead product walkthroughs while drafting contracts and training materials.

Qualifications

• 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.

Responsibilities

• 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

Skills

Analytical skills

Technical grounding

Project management

Communication

Leadership

Time management

Customer-centric

AI tools awareness

Education

Bachelor's degree in Actuarial Science or equivalent

Job description

Jora Malaysia will close on 9th September 2026. Thank you for being with us, we are cheering you on as you continue your career journey.

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.

Requirement

• 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.

Responsibility

• 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

Benefits

• Annual Leave
• Medical and Hospitalisation Leave