Product Development Lead

moneeinsure philippines; Philippines; On-site; PHP 600,000 - 900,000; Full time

Job summary

Monee is seeking a Product Development Officer to lead the life insurance product design, aligning with market needs and regulatory standards. You will collaborate with underwriters, actuaries, IT, and marketing to ensure competitive, compliant products.

The role requires strong analytics and independence in a fast-paced fintech environment. You will drive product documentation, pricing discussions, and post-launch performance reviews, supporting ongoing innovation and market readiness in

Qualifications

• 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, including approval processes with relevant financial authorities.
• Familiarity with actuarial guidelines, RBC frameworks, and market conduct rules.
• Keen interest in InsurTech trends, digital distribution channels, and how technology is transforming life insurance.
• Experience working on or supporting the implementation of digital life insurance platforms or features is a strong advantage.
• 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; experience with actuarial or product modeling software is a plus.
• Demonstrated ability to develop creative and commercially viable product solutions based on market insights, customer needs, and operational capabilities.
• Ability to work independently and proactively in a fast-paced, evolving environment.

Responsibilities

• Lead the design and development of life insurance products and enhancements.
• Conduct market and customer analysis to translate insights into product concepts.
• Generate and assess product ideas based on research and strategic goals.
• Coordinate with underwriting, legal, operations, IT, compliance, and marketing during design.
• Collaborate with actuaries on pricing, reserves, and profitability assumptions.
• Ensure products meet governance standards and regulatory approvals.
• Coordinate IT readiness, system testing, and validation for new products.
• Prepare product documentation, distribution strategies, and marketing summaries.
• Review product documents and generate post-launch performance reports for optimizations.
• Support internal communication and launch materials for marketing and sales.
• Monitor product lifecycle and propose refinements or phase-outs as needed.

Skills

Product development

Market analysis

Cross-functional coordination

Actuarial collaboration

Regulatory understanding

Data interpretation

InsurTech awareness

Independent work

Education

Bachelor's or equivalent (Math/Economics/Marketing/Business)

Tools

Excel

Power BI

Job description

The Product Development Officer 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.

Job Description:

• Life Insurance Product Design and Innovation: Lead the design and development of new life insurance products (e.g., term, whole life, endowment, investment-linked). Continuously improve existing products to reflect customer needs, actuarial soundness, and market competitiveness.
• Market and Customer Analysis: Conduct detailed research on industry trends, customer behavior, and competitive landscape. Translate insights into product concepts that align with the company's strategic direction.
• Product Ideation and Proposal: Generate and assess product ideas based on market research, distribution feedback, and strategic goals. Consult with relevant departments to refine product features and ensure cross-functional alignment.
• Cross-Department Coordination: Engage with underwriting, legal, operations, IT, compliance, and marketing during the product design process. Ensure alignment with actuarial models and business case expectations.
• Actuarial and Technical Collaboration: Work closely with actuaries to finalize pricing, reserves, and profitability assumptions. Prepare supporting documentation such as product specifications, distribution strategies, and marketing summaries.
• Regulatory and Governance Compliance: Ensure all products meet internal governance standards and external regulatory requirements. Submit final product files for internal Product Committee and regulatory approvals.
• System Configuration and Product Readiness: Ensure the readiness of core systems to support new products through close coordination with IT. Conduct system testing and validation to confirm functionality and compliance.
• Product Documentation and Reporting: Compile and review product documents (policy wording, marketing materials, operational manuals) for approval and use. Generate regular performance reports post-launch and recommend optimizations.
• Internal Communication and Launch Preparation: Coordinate internal communication of product details to relevant teams. Support marketing, sales, and training teams with necessary product knowledge and launch materials.
• Product Lifecycle Management: Monitor product performance across its lifecycle, including persistency, claims, and customer satisfaction. Propose refinements or phase-outs as needed based on performance metrics and strategic direction.

Requirements:

• 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, including approval processes with relevant financial authorities.
• 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.
• Experience working on or supporting the implementation of digital life insurance platforms or features is a strong advantage.
• 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; experience with actuarial or product modeling software is a plus.
• Demonstrated ability to develop creative and commercially viable product solutions based on market insights, customer needs, and operational capabilities.
• Ability to work independently and proactively in a fast-paced, evolving environment.

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.