Taguig City Jobs Insurance Product Manager (end-to-end Development) Position at FWD Life Insurance Corporation

Job Info

Company	FWD Life Insurance Corporation
Position	Insurance Product Manager (end-to-end Development)
Region	Taguig City
Career Level	Assistant Manager/Manager
Work Experience	3 years
Qualification	Not Specified
Type of Work	Full-Time
Minimum Salary	PHP 16.000
Maximum Salary	PHP 38.000

Job Purpose:

The Product Manager will oversee the end-to-end development of new products from conceptualization to launch. Success indicators include timeliness of product launches and achievement of financial metrics (VNB, Protection Ratio, etc).

Key Responsibilities:

• Lead the development of new product concepts through and conduct competitor research.
• Lead the development of Product Specifications for new product containing the proposed product features, parameters and general operational guidelines. 
• Prepare the Product Approval Report (PAR) and coordinate with different departments in completing the other PAR sections. Review input from other departments to the PAR and ensure consistency with the product features.
• Provides support in the review of the Business Requirements Specifications (BRS) for new products through coordination with other business units and to ensure their review / sign-off for system development.
• Performs User Acceptance Testing (UAT) support for new product implementation via the creation of test scenarios and cases in the UAT of product features/parameters. Creates test scenarios and cases for the User Acceptance Testing (UAT) on a new product implementation. Work closely with the system developers to ensure closing of all outstanding cases prior to the UAT sign-off.
• Prepare and review the documents for Gate Three Regulatory Filing (proposal, contract provisions, policy data page) ensuring clarity & customer-centric wording and consistency with regulator guidelines.

Pre-launch preparation.

• Prepare and coordinate with other departments on the completion of the Gate Four Pre-Launch Checklist;
• Monitor the status of Gate Four activities that are for Day Two implementation.
• Conduct a product orientation to Distribution Training team and Corporate Support group
• Participate in the discussions, orientation to sales leaders and distribution rallies through providing product technical information/details

Post-launch preparation

• Gather input from relevant departments on actual sales target results.
• Gather information on the resolution of Day Two issues in relation to the preparation of the Gate Five Post Launch Review document.

Requirements:

• University graduate (with background in product development/management, marketing, finance or actuarial)
• Preferably with ALMI or FLMI designation
• Minimum of three years significant work experience in Product Development for life insurance products
• Preferable with experience in both Individual (Variable and Traditional Life) and Group products
• Willing to work in BGC, Taguig

Technical Competencies/Skills:

• Strong analytical and problem-solving skills
• Excellent communication skills, being able to communicate and interact within the different levels of the organization.
• Effective negotiator & management of conflicting opinions & perspectives
• Knowledge & experience of the life insurance product development process, including the marketing, distribution, systems and regulatory interdependencies.
• Effective organization & project management skills
• Innovative thinker
• Proactive and forward-thinking in identifying and addressing potential issues
• Able to work in an evolving and dynamic environment and resilient to pressure.

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Company Description

Company Info

• Industry: Insurance
• Registration No.: -
• Company Size: 501 - 1000 Employees
• Average Processing Time: 29 days
• Benefits & Others: Life Insurance, HMO for Employees and Dependents, Retirement Benefits, Business Casual (Head office) & Business attire (Bancassurance Sales), Flexible Working Hours, Mondays-Fridays, Hybrid Work Arrangement