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 supporting the development of products, particularly Life & Wealth solutions.Principal Duties & Responsibilities:
Develop and deliver products as per the Product Development Process defined by PSC (Product Steering Committee) and in accordance with the schedules set in product calendar. This includes all stages within the process ranging from insights into consumers / distributors / competitors, product ideas generation, feasibility evaluation and conversion of idea into product design, ensure competitiveness in product pricing, product launch, post-launch review / monitoring and recommendation for potential enhancements.
Provide on-going product support to agency channel in all matters related to products.
Manage projects related to changes due to new regulations/Group requirements and new systems, which include coordination with other project stakeholders such as IT, Operations, Distribution, Actuarial and Compliance.
Drive development & effective execution of customer value proposition.
On-job coaching and development for junior executives.
Job Requirements:
Degree in Actuarial Science is preferable
At least 5 years of working experience in the insurance industry, preferably in the areas of product development, product marketing, or actuarial.
Insurance product knowledge, with good fundamentals of the various product structures / platforms and well-versed with the product development process.
Actuarial background & LOMA certification will be an added advantage
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 Actuarial Science
- At least 5 years working experience in the insurance industry (product development, product marketing, or actuarial)
- Insurance product knowledge and understanding of product structures, platforms, and product development process
- Actuarial background and LOMA certification
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
