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Open nowPosted 16 days ago

Product Development Executive

MyCareersFuture94,028 open roles

Pay
SGD 3,500 – SGD 5,000 a month
Where
Central, Singapore
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Your applicationOpen nowProduct Development ExecutiveMyCareersFuture · Central, Singapore

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  5. 33.7%30 days
This job: posted 16 days ago

The posting

Key Responsibilities

  • Participate in the end-to-end product development cycle for group and individual health insurance products, including new product development and enhancement of existing products.
  • Support the development and review of medical reimbursement, hospitalisation, surgical and other health insurance benefits and product features.
  • Perform pricing and profitability analysis, including assumption setting, financial modelling and assessment of product sustainability.
  • Conduct market and competitor analysis to identify product trends, customer needs and opportunities for product enhancement.
  • Prepare and coordinate product filings and regulatory submissions, ensuring compliance with relevant regulatory requirements and internal guidelines.
  • Develop and review product specifications, benefit schedules, policy documentation, benefit illustrations and other product materials.
  • Work closely with Actuarial, Underwriting, Claims, Operations, Compliance, Distribution and IT teams on product implementation and system setup.
  • Conduct product reviews and experience studies, including claims and utilisation analysis, to monitor product performance and recommend improvements.
  • Support enhancements to existing health insurance products based on market developments, claims experience and business requirements.
  • Prepare management reports, product analysis and recommendations to support business and strategic decision-making.

Requirements

  • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Business, Finance, Economics or a related discipline.
  • 2–5 years of relevant experience in product development, product management or actuarial/product roles within the insurance industry.
  • Prior experience in health insurance, medical reimbursement, hospitalisation and surgical, group medical or related healthcare insurance products is strongly preferred.
  • Candidates with actuarial experience and good progress in professional actuarial examinations will have an advantage.
  • Good understanding of insurance product development, pricing, benefits, policy provisions and regulatory requirements.
  • Strong analytical and problem-solving skills with high attention to detail.
  • Self-motivated, proactive and able to work independently as well as within a team.
  • Good communication and stakeholder management skills.
  • Proficient in MS Office applications, particularly Excel; knowledge of actuarial modelling tools will be an added advantage.

Kindly note that only shortlisted candidates will be contacted.

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