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Product Manager

Keywords / Skills : Product Manager, analytical skills, sales tracking, illustration software, financial analysis, competitive analysis

3 - 5 years
Posted: 2019-05-29

Industry
Recruitment/Staffing/RPO
Function
Marketing & Communications
Role
Marketing Manager
Product Executive
Posted On
29th May 2019
Job Ref code
19040003
Job Description
Product Manager

At Prudential, we understand that success comes from the talent and commitment of our people. Together, we have a shared vision in securing the future of our customers and our communities. We strive to build a business that you can shape, an inclusive workplace where everyone ideas are valued and a culture where we can thrive together. Our people stay connected and tuned in to whats happening around us, keeping us ahead of the curve. While focused on the long-term, we look to the future to bring growth, development and benefit to everyone whose lives we touch.
Job Profile Summary:
The product manager drives the development of Group & Medical products. This role also supports the team lead of Group & Medical in providing insightful solutions to the development of Group & Medical products around the region.
Group & Medical products include PruShield (basic and rider), as well as Group Products (such as Employee Benefit Schemes and affinity group products).
Job Description:
The product manager is responsible for product design, implementation, product launch and post-launch.
  • The product design stage will include competitive analysis against similar products in the market, as well as researching for similar products in the region. In instances where there is limited product information available, product manager will need to engage reinsurance for experience sharing. The product manager may have to review regulatory guidelines and/or engage the regulators (eg MOH) to ensure that the proposed product design does not contravene with any guidelines.
  • The implementation stage will include engaging the Product Development Team (PDT a team made up of members from all departments who will be involved in the product launch) to ensure that systems are ready for the launch. During the implementation stage, the product manager is also responsible for preparing documents for the Product Committee Team (PCT a team made up of the companys EXCO members) for product approval, and subsequently the regional office (PCA).
  • During the launch stage, the product manager is responsible to ensure that all marketing collaterals (e.g. brochures, product pack, website, etc.) and any launch communications are ready.
  • During the post-launch stage, the product manager needs to track the sales performance of the products, as well as conduct post-mortem to analyse what went well, and what could have been improved. In addition, the product manager is responsible for the first few sessions of product training. The product manager will also be responsible for response to any media queries.

The product manager is also responsible for keeping in touch with the ground by engaging the distribution channels on a regular basis to share our latest product developments, as well as to obtain feedbacks.
Who we are looking for:
Competencies & Personal Traits
Strong analytic skills
Relationship management
Working Experience
  • 3-5 years of life insurance, preferably in a product or project management role.
  • Familiarity with the Integrated Shield guidelines and LIA guidelines for medical and group products would be an added advantage
  • Strong analytical skills and an ability to understand complex life insurance product levers
  • Ability to independently complete basic and moderately complex projects/studies
  • Prior experience with sales tracking, illustration software, financial analysis, competitive analysis, distribution surveys is helpful.
  • Good spoken and written communication as well as articulate interpersonal and negotiation skills
  • Ability to work in a team effectively while managing tight timelines, and must be comfortable working in a fast-paced environment
    Professional Qualifications
    Education
    Degree in Marketing / Finance / Economics / Business Administration or related discipline
    Language
    Fluent in English


About Company

Prudential Corporation Asia is one of Asias leading life insurance companies with more than 14 million customers in 12 countries. The company is a business unit of Prudential plc of the United Kingdom, and offers a wide range of life insurance, protection, savings and retirement products and services. With a long heritage in Asia, the company has over 500,000 financial consultants who live up to the promise every day to be Always Listening. Always Understanding". Eastspring Investments, our asset management arm, is one of the regions largest asset managers with on-the-ground presence in 10 markets as well as distribution offices in the US and Europe. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.
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