Product Development Manager (Insurance)

LMA RECRUITMENT SINGAPORE PTE. LTD.; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading insurance firm in Singapore is seeking a Product Manager or Assistant Manager with a strong actuarial background. You will be responsible for designing and implementing insurance products, ensuring they meet customer needs while driving profitability. The ideal candidate has 5–10 years of insurance experience, strong analytical skills, and excellent communication abilities. This role offers competitive compensation and opportunities for career development.

Benefits

Competitive compensation and benefits

Career progression opportunities

Collaborative work culture

Qualifications

• 5–10 years of relevant insurance experience, ideally in product development or pricing.
• Strong analytical and problem-solving skills with the ability to balance technical detail and commercial impact.
• Excellent communication skills with the ability to influence stakeholders across the business.

Responsibilities

• Lead the design, pricing, and implementation of new insurance products and enhancements.
• Collaborate with teams to deliver commercially viable solutions.
• Conduct competitor and market analysis to inform product positioning and pricing strategies.
• Monitor product performance and profitability.
• Support regulatory filings and ensure compliance with industry standards.

Skills

Analytical skills

Problem-solving skills

Communication skills

Education

Part-qualified or qualified actuary

Job description

About Us

Our client is a leading insurer dedicated to delivering innovative and customer-focused insurance solutions.

Role Overview

We are looking for an ambitious Product Manager or Assistant Manager with a strong actuarial background, ideally in pricing, to help shape and drive our product strategy. In this role, you will play a key part in developing, enhancing, and managing insurance products, ensuring they meet customer needs while achieving profitability and growth targets.

Key Responsibilities

• Lead the design, pricing, and implementation of new insurance products and enhancements.
• Collaborate with actuarial, underwriting, distribution, and operations teams to deliver commercially viable solutions.
• Conduct competitor and market analysis to inform product positioning and pricing strategies.
• Monitor product performance, profitability, and claims experience, recommending adjustments where necessary.
• Support regulatory filings and ensure compliance with industry standards.
• Translate complex actuarial insights into actionable business decisions.

What We’re Looking For

• Part-qualified or qualified actuary, preferably with a pricing actuarial background.
• 5–10 years of relevant insurance experience, ideally in product development or pricing.
• Strong analytical and problem-solving skills with the ability to balance technical detail and commercial impact.
• Excellent communication skills with the ability to influence stakeholders across the business.
• Proactive, detail-oriented, and comfortable working in a fast-paced environment.

What We Offer

• Competitive compensation and benefits package.
• Opportunities for career progression and professional development.
• A collaborative and supportive work culture.
• Exposure to both strategic and hands-on product work, making a real impact on our customers and business.

How to Apply

If you’re excited about shaping the future of insurance products and have the actuarial expertise to back it up, we’d love to hear from you.

Company Reg No.: 201131609D | License No.: 24S2411 | Reg No: R1110891 | AL