Head of Product Management (GETB)

Responsible for the management and development of Takaful products that supports the company’s growth.  This role will be required to manage cross-functional teams and coordinate with key stakeholders.

Key Responsibilities

• To lead on developing product strategies, marketing and sales proposition for various distribution channels.

• To lead on developing new products’ structure, benefits and features.

• To plan and coordinate end-to-end new product development activities, ensure the processes are taken care of for the new products to be delivered within the time frame.

• To ensure necessary approvals are obtained prior to new product launch.

• To plan, coordinate and execute customer campaigns and other projects related to product management within the given deadlines.

• To ensure compliance with all relevant regulatory rules & guidelines, product policy, standard of good practice and Shariah.

• To lead on providing regular and periodic reporting and updates to management team and other stakeholders including regulators.

• To take accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.

• To maintain awareness of industry trends on regulatory compliance, emerging threats and technologies to understand the risk and better safeguard the company.

• To highlight any potential concerns /risks and proactively shares best risk management practices.

   

• Must be a formal degree holder or higher. Degree in Actuarial Science or other professional qualification(s) is an added advantage.

• Minimum of 10 years working experience in insurance or takaful industry is a requirement. Experience in Product or Actuarial is an added advantage.

• Have strong leadership, analytical, and problem-solving skills. Possesses great interpersonal skills and job functional knowledge.

• Have high level of integrity, takes accountability of work, and a team player.

• Take initiative to improve current state of things and adaptable to embrace new changes.

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.