Insurance Product Development Lead

MONEE (CREDIT) FINANCE PHILIPPINES, INC.; Mandaluyong; On-site; PHP 2,009,000 - 3,125,000; Full time

Job summary

MONEE (CREDIT) FINANCE PHILIPPINES, INC. is seeking a Product Development Lead to drive life insurance product design, enhancements, and regulatory alignment for the Philippine market. You will collaborate with underwriting, legal, IT, compliance, and marketing to ensure competitive offerings.

Requires a Bachelor's degree in Mathematics, Economics, Marketing, or Business and 3–6 years in life insurance product development, plus strong data skills with Excel/Power BI.

Qualifications

• Bachelor's degree in Mathematics, Economics, Marketing, or Business.
• 3–6 years in Life Insurance product development (required).
• Knowledge of local regulatory/compliance frameworks for life insurance.
• Familiarity with RBC frameworks and market conduct rules.
• Interest in InsurTech trends and digital distribution.
• Proficient in Excel and Power BI.
• Ability to work independently in a fast-paced environment.

Responsibilities

• Lead end-to-end design of new life insurance products.
• Research industry trends and competitive landscape.
• Generate product ideas from market research and goals.
• Coordinate with underwriting, legal, operations, IT, compliance, and marketing.
• Work with actuaries on pricing, reserves, and profitability.
• Ensure governance and regulatory compliance.
• Prepare product documents for approvals and usage.
• Communicate product details across teams.
• Monitor product performance across lifecycle (persistency, claims, customer satisfaction).

Skills

Quantitative analysis

Analytical skills

Product development

Independent work

InsurTech awareness

Education

Bachelor's degree in Mathematics, Economics, Marketing, or Business

Tools

Excel

Power BI

Job description

About the role

The Product Development Lead will lead the development, enhancement, and compliance of general insurance products by aligning them with market trends, customer feedback, and regulatory standards. This role monitors product performance and ensure effective internal communication to maintain competitiveness and support business growth.

Key responsibilities

• Lead the design and end-to-end development of new insurance products (e.g., term, whole life, endowment, investment-linked)

• Conduct detailed research on industry trends, customer behavior, and competitive landscape

• Generate and assess product ideas based on market research, distribution feedback, and strategic goals

• Engage with underwriting, legal, operations, IT, compliance, and marketing during the product design process

• Work closely with actuaries to finalize pricing, reserves, and profitability assumptions

• Ensure all products meet internal governance standards and external regulatory requirements

• Ensure the readiness of core systems to support new products through close coordination with IT

• Compile and review product documents for approval and use

• Coordinate internal communication of product details to relevant teams

• Monitor product performance across its lifecycle, including persistency, claims, and customer satisfaction

About you

• Bachelor's Degree / 4-Year Course Graduate (Mathematics, Economics, Marketing, Business preferred)

• At least 3-6 years of experience in Product Development (Life Insurance REQUIRED)

• In-depth understanding of local regulatory and compliance frameworks governing life insurance products

• Familiarity with actuarial guidelines, risk-based capital (RBC) frameworks, and market conduct rules

• Keen interest in InsurTech trends, digital distribution channels, and how technology is transforming life insurance

• Strong quantitative and analytical skills, with the ability to interpret data, assess product performance, and model business outcomes

• Proficient in tools such as Excel, Power BI, or other data visualization software

• Demonstrated ability to develop creative and commercially viable product solutions based on market insights and customer needs

• Ability to work independently and proactively in a fast-paced, evolving environment

About Us:

Monee is a leading digital payments and financial services provider in Southeast Asia, with a growing presence in Latin America. Its mission is to better the lives of individuals and businesses in the region with financial services through technology.

Monee delivers a comprehensive range of digital financial products and services, including mobile wallets, payment processing, credit, banking, and insurtech. By leveraging technology and strategic partnerships, Monee aims to drive greater digital financial inclusion, convenience, and accessibility for individuals and small businesses across Southeast Asia and Latin America.

Monee is part of Sea Limited, a global technology company.