Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
The incumbent is primarily responsible for leading and supporting the development of products that support the Company’s product delivery strategy.PRINCIPAL DUTIES & RESPONSIBILITIES:
Define and execute product strategy aligned with the company’s growth ambitions, customer segmentation, and market positioning.
Identify market gaps, emerging customer needs, and industry trends to inform product innovation and enhancement.
Lead end-to-end product development from concept ideation through design, pricing, approval, launch, and post-launch optimization as per the Product Development Process defined by Product Steering Committee (PSC) and in accordance with the schedules set in product calendar.
Work closely with actuarial, underwriting, operations, IT, marketing, distribution, and legal teams to deliver high-quality product initiatives that support company’s business objectives.
Provide clear product positioning, selling concepts, and training support to enable high-quality advice and customer engagement
Own ongoing product lifecycle management including enhancements, repricing, simplification, and rationalisation.
Analyse product performance metrics (sales, profitability, persistency, claims experience, customer feedback).
Proactively recommend actions to improve product sustainability, competitiveness, and customer value over time.
Lead, mentor, and develop a team of product executives, fostering strong product mindset, accountability, and collaboration.
JOB SPECIFICATION
Degree in Business, Marketing, Actuarial Science, Economics or related disciplines
Minimum 10 -12 years working experience in the insurance industry, preferably in the function of product development or product marketing.
Well versed in insurance product.
Proficient in written and spoken English and Bahasa Malaysia.
Meticulous with the ability to work under pressure.
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
Skills Required
- Degree in Business, Marketing, Actuarial Science, Economics or related disciplines
- Minimum 10 -12 years working experience in the insurance industry
- Well versed in insurance product
- Proficient in written and spoken English and Bahasa Malaysia
What We Do
In Asia and Africa, Prudential has been providing familiar, trusted financial security to people for 100 years. Today, headquartered in Hong Kong and London, we are ranked top three in 12 Asian markets with 18 million customers, around 68,000 average monthly active agents and access to over 27,000 bank branches in the region. Prudential is focused on opportunities in the most exciting growth markets in Asia and Africa. With access to over 4 billion people in both these regions, we are investing in broadening our presence and building our leadership in the life and asset management markets. We are committed to making a positive impact on our customers, our employees and our communities by delivering the best savings, health and protection solutions to people so they can get the most out of life. Visit our websites for more information Prudential plc: https://www.prudentialplc.com/ Prudence Foundation: https://www.prudentialplc.com/en/prudence-foundation
