Product Development Officer (Life Insurance) Experienced (Individual Contributor) Manila Busine[...]

Monee; Manila; Hybrid; PHP 1,200,000 - 1,800,000; Full time

Job summary

MoneeInsure in Manila is seeking an experienced Insurance Product Development Lead to drive life insurance product design and innovation. You will lead development of new products and refine existing ones, collaborating closely with actuarial, legal, IT, marketing, and sales teams.

Responsibilities include market research, pricing collaboration, regulatory governance, system readiness, and post-launch performance reviews to optimize profitability and customer outcomes.

Qualifications

• Bachelor's degree or equivalent; majors in Mathematics, Economics, Marketing or Business preferred.
• 3–6 years in Life Insurance product development.
• Solid understanding of local regulatory and compliance frameworks for life insurance.
• Familiar with RBC frameworks and market conduct rules.
• Interest in InsurTech trends and digital distribution.
• Experience with digital life insurance platforms is a plus.
• Strong quantitative and analytical abilities; ability to model business outcomes.
• Proficient in Excel and Power BI; actuarial/product modeling software is a plus.
• Ability to work independently in a fast-paced environment.
• Experience collaborating across actuarial, legal, marketing, IT, sales, and compliance.

Responsibilities

• Lead design and innovation of life insurance products (term, whole life, endowment, investment-linked).
• Improve existing products reflecting customer needs, actuarial soundness, and market competitiveness.
• Conduct market and customer research; translate insights into concepts.
• Generate and assess product ideas based on research and strategic goals; align with departments.
• Coordinate with underwriting, legal, operations, IT, compliance, and marketing.
• Collaborate with actuaries on pricing, reserves, and profitability assumptions.
• Prepare product specifications, distribution strategies, and marketing summaries.
• Ensure governance and regulatory compliance; secure approvals.
• Coordinate system readiness with IT; conduct testing and validation.
• Document products (policy wording, marketing materials, manuals) and report performance post-launch.
• Support internal launch communications and training materials.
• Monitor lifecycle performance and propose refinements or phase-outs.

Skills

Quantitative skills

Analytical skills

Independent work

Cross-functional collaboration

InsurTech interest

Education

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

Tools

Excel

Power BI

Actuarial modeling software

Data visualization tools

Job description

Insurance Product Development Lead - Business Development, MoneeInsure

Experienced (Individual Contributor)

Location Manila

Department Business Development and Partnerships

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.

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)
• 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.
• Proven ability to work effectively across departments including actuarial, legal, marketing, IT, sales, and compliance to develop and launch products.