Product Development Manager

1 month ago


Hong Kong, Central and Western District, Hong Kong SAR China HSBC Full time

Company Overview


Hang Seng Bank is a leading financial institution committed to service excellence, attracting high-calibre talent by offering a dynamic working environment and competitive compensation packages.



About the Role


We are seeking a Life Product Manager to drive end-to-end product development and implementation, collaborating with cross-department teams to launch products in a timely manner. This role involves preparing product materials, engaging in product work groups, and conducting market research to inform management decisions.



Key Responsibilities



  • Develop and implement life insurance products across all distribution channels, ensuring seamless collaboration with actuarial, IT, marketing, sales channels, operations, legal, and compliance teams.
  • Create and review product specifications, approval documents, policy provisions, and benefit illustrations to meet internal governance requirements.
  • Lead product work groups, reviewing and ensuring product requirements are accurately provided for IT development, and overseeing UAT testing to support product launches.
  • Conduct market research and competitive analysis to gain insight into market trends, providing necessary information for management decision-making.
  • Maintain and improve existing products, handling ad-hoc projects as needed.


Requirements



  • University degree holder with 5 years of experience in life insurance product development or actuarial science, preferably with professional qualifications like ASA or FSA.
  • Strong leadership and stakeholder management skills, with good business acumen and proficiency in English and Chinese.
  • A team player with a sense of ownership and servicing mindset, able to navigate complexities and collaborate with different stakeholders.


About the Team


You will be part of a dynamic team dedicated to delivering exceptional customer experiences through innovative products and services. We offer a supportive environment that encourages growth, learning, and career advancement.



About Hang Seng Bank


Hang Seng Bank has been a pioneer in bancassurance since 1965, providing a wide range of insurance products and services. As a well-established insurance entity, we take care of every need of our customers with optimized service excellence.



Compensation and Benefits


The estimated salary for this role is around $120,000 - $180,000 per annum, depending on experience and qualifications. Additional benefits include comprehensive training programs, performance-based bonuses, and access to a robust employee assistance program.



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