Senior Leadership Role for Financial Growth
2 weeks ago
This is a senior leadership role with a significant impact on the financial performance of Manulife Hong Kong through primary accountability for product strategy, product development, and pricing. The Chief Product Officer role assumes responsibility for the entire product strategy and development process, including propositions, pricing, and marketing actuarial.
Key Accountabilities
- Assume responsibility for the entire product strategy and development process, including propositions, pricing, and marketing actuarial.
- Be accountable for all dimensions of the product solution offerings, including sales, profitability, risk management, business planning, and strategic planning.
- Address the regulatory requirements in an increasingly regulated and demanding environment.
- Represent Manulife on various industry task forces, with strong influence on the industry bodies and regulators to ensure that changes take into account the business realities of Manulife and other companies from an implementation perspective.
Business Unit Overview
Hong Kong is a Business Unit responsible for the conceptualization, manufacture, and delivery of Protection, Wealth Accumulation, and Retirement solutions for Individuals in Hong Kong. The product lines include Whole Life, Universal Life, Medical Plans, Critical Illness Insurance, Personal Accident Insurance, Whole Life Savings Plans, Endowment Plans, and Indexed Link plans.
Position Responsibilities
- Lead, manage, train, and develop a team of direct reports and staff toward the achievement of the mandates of this function.
- Plan for succession and contingency, and actively develop our managers and staff to their next level of career progression.
- Manage sales targets, New Business Value (NBV), market share position, product mix, as well as profitability and risk profile.
- Own the annual new business plan, and form product roadmap and business strategy.
- Maintain high staff engagement levels.
- Leverage soft-skills, know-how, and experiences from other markets that are suitable and adaptable for Hong Kong & Macau.
- Engage other functional teams within and outside of Products to secure sufficient resources, including IT resource support, and solicit commitment and delivery of our product roadmap and strategy on schedule.
- Ensure our products are appropriately priced and our initiatives are financially viable with risks well managed while delivering innovative and customer-centric solutions to meet consumers' and distributions' needs.
Required Skills and Qualifications
- Bachelor degree holder and fellow actuarial qualification is preferred.
- At least 15 years of working experience in the insurance industry.
- Proven people leadership skills.
- Experience with product development, marketing, and pricing is preferred.
- Familiar with various life, health, and investment insurance products available in the market.
- Exceptional understanding of business financials and actuarial standards.
- Strong business acumen, influential, and able to lead through changes.
- Able to maintain good relationships with other functional heads, reinsurers, business partners, and distribution heads.
- Good written, presentation communication, and senior stakeholder management skills, with the ability to navigate and influence different departments to drive the right outcome for the organization.
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