Job Description

:
Consumer Product Development is responsible for the product development and management of all individual life, health and personal lines consumer products for the company. This includes Investment-Linked Policy (ILP) funds and Third-Party Products.
This role will manage the individual Protection and Health (P&H) (Life/Non-Par) product development and management, including Third-Party P&H (Life/Non-Par) products.
Key Responsibilities include:

• Individual Life/Non-Par P&H product development and management aligned to company strategy.
• Input into the Life product fund strategy.
• Responsible for the management of third-party Life/Non-Par P&H products including due diligence, onboarding, ongoing review and offboarding, liaison with Third-Party Life product manufacturers.
• To co-lead, conform to and evolve the Product Development Policies and Process of the company.
• To drive, contribute to the agenda and present at CBE Product/Product Management Committee, eg P&H product updates, different stages of P&H product approvals, ie Stage 1, Stage 2, post-launch reviews.
• Implementation of new P&H products, and product -related changes through and with the support of Product Implementation Work Group (PIWG).
• Ongoing review of P&H products to ensure they continue to be fit-for-purpose with the support of the Actuarial Team (AT), Claims, Underwriting and other functions as required.
• To identify, assess, manage, mitigate and monitor the risks associated with P&H product development and management.
• To ensure all P&H product-related regulatory and compliance requirements are met.
• Coaching and personal development of the P&H product team.
• Working collaboratively internally with PIWG, Marketing, Strategic Communications, Brand, Distribution, Pricing, Actuarial, Finance, Operations, IT, Risk and Compliance etc to accomplish company objectives.
• Working collaboratively with external parties, as needed, to move the company agenda forward, eg reinsurers, consultants, third-party Life product manufacturers etc.
• To be a key contact as appropriate with MAS, CPF, LIA, MOH, Ministry of Finance, Singapore Deposit Insurance Corporation Limited (SDIC) etc.
• To participate, represent and present at company or external events on P&H products as required

Requirements:

• Minimum of 10 years of product management/actuarial experience.
• Strong business and financial acumen.
• Strong local knowledge of Singapore market, competitors/products, regulations.
• Capability to build strong professional working relationships with regulators and other industry bodies (MAS, CPF, MOH, LIA, SDIC etc) and navigate the necessary regulatory processes.
• Proven experience in influencing and aligning other functions to meet product development/ management goals and timelines.
• Strong business relationships/ partnerships with reinsurers, fund houses, all distribution channels (eg agents, FAs, banks etc).

Skills Required