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Head of Product Development

Head of Product Development

Job Title: Head of Product Development
Contract Type: Permanent
Location: Taiwan
Industry:
Salary: Approximate HKD585-730k per annual
Reference: 53671
Contact Name: Kazu Sun
Contact Email: k.sun@darwinrhodes.com.hk
Job Published: November 30, 2016 03:41

Job Description

Responsibilities:

  • Supervises the activities of associates to ensure completion. Responsible for the team’s performance, training and development as well as recruitment when required.
  • Manage all aspects of product development activities of the Group in Taiwan to ensure timely execution.
  • Liaise with product development and research specialists to learn from product trends in international markets and how any new products can be implemented in the Taiwan market
  • Responsible for originating new product ideas as well as implementation of new product, this includes:
    • Coordination/Execution of VOC Survey, focus group study or other market research
    • Setting of Group pricing bases
    • R&D on incidence and trends
    • Providing input into the definitions and underwriting requirements following discussions with the Medical Directors and Local Chief Underwriters
    • Assist with the pitching and roll out of new product ideas and sharing information with all Group Asian offices
  • Ensure that product development team assists in update of existing pricing bases and provides pricing support on any special or ad hoc projects as required
  • Proactively makes recommendations on areas of product design or pricing that enhances the sustainability of the business unit’s profitability.
  • Leading the strategy to generate reinsurance opportunities with assigned clients or assigned initiatives
    • Develop a thorough plan for all your assigned accounts/initiatives.Ensure this plan is updated on a regular basis for all relevant changes.
    • Ensure you utilize all Company resources at your disposal in the most efficient / effective manner to achieve business target and execute plans.
    • Contribute fully in the development of Group Taiwan strategy including full participation in all brainstorming sessions.
  • Maintain current market knowledge

    • Research, analyze, and develop new products and solutions for insurance company.
    • Stay up to date on local insurance standards.
    • Stay up to date on the leading products in each of the distribution channels and share this knowledge with others
  • Focus on execution of reinsurance deals

    • Negotiate and structure reinsurance agreements which reflect client and business objectives.
    • Manage and develop the projects by working with local colleagues, client, regulators, Head Office in an effective and efficient manner.
  • Communicate regularly with necessary internal and external associates and clients

    • Communicate/meet regularly with key contacts at clients companies
    • Work closely as a team with the other marketers as well as your counterparts throughout the Group.Communication should be regular.

Experience

  • Fellow member of one of the recognized international actuarial associations (FSA, FIA, FFA, FIAA, etc.) preferred
  • At least 10 years life insurance experience with exposure to pricing, product development, marketing or service oriented function
  • Knowledge and experience with life insurance products
  • Exceptional organizational skills and ability to work on many competing priorities simultaneously
  • Attention to detail and accuracy
  • Strong presentation and negotiation skills
  • Good command of spoken and written English and Chinese
  • Strong Business Acumen
  • Ability to work within a virtual office environment, including dealing with stakeholders that are not physically in the same office
  • Ability and willingness to travel internationally (periods of approximately -2-4 days each time 1 to 2 times a year)

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