DVP, Product Development (Health & Protection)

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).