Vice President, Consumer Product Development Lead job in Singapore

Singapore NTUC Income

Job Ref:	300000293985273
Employer:	NTUC Income
Sector:	Life Insurance Health Insurance Banking & Finance
Qualifications:	Senior Qualified Actuary
Job Type:	Full Time
Salary and Benefits:	Competitive
Remote:	No
Location
Country:	Singapore
City:	Singapore
Post Code:	189557
Map:	(Show on map)
Description
Job Description Responsibilities: Achieve YoY growth in New Business Premium, New Business Embed Value, and New-to-Income customers, by implementing targeted marketing strategies, enhancing customer acquisition channels, and innovating our product offerings to appeal to new segments. Own and create a 3-year Par/non-Par product roadmap with innovative features that can contribute positively to our Income books where it involves analysing market trends, customer preferences, and regulatory changes to stay ahead in the competitive landscape. Ensuring profit diversification involves expanding our brand equity and product portfolio to reduce dependency on specific revenue streams and mitigating risks associated with market fluctuations. Enhancing brand equity requires building trust, delivering exceptional customer experiences, and maintaining a strong market presence through effective branding initiatives. Implement 2024 innovations to align with NBP target for the year. Finalize a 3-year product roadmap for Par products, focusing on targeted segments to enhance customer acquisition. Ensure in-year delivery of 2024 innovations in line with NBP target. Lock 3-year protection proposition, geared towards accelerating market share growth in category growth >X%. Achieve and ensure in-year delivery of 2024 NBP through product/pricing modifications in the investment segment. Execute progress on the "flexibility" proposition for 2025 in investment. Accelerate fund onboarding and create a roadmap for funds in investments for 2025 and 2026. Develop a 3-year roadmap for NBEV improvement and execute the EV roadmap in the motor segment. Drive aggressive NBP growth through digital sales channel innovations in the travel segment. Prioritize product focus and create an innovation roadmap for growth in the Travel segment. Achieve >Y% NBP growth in 2024 and secure similar growth for 2025 by implementing the proposition via a product/pricing roadmap. Requirements A strong understanding of the insurance industry, including life insurance, investment products, and market trends, is essential. Good knowledge of pricing, and actuarial training is an advantage. Proven experience in product management, including developing and implementing product roadmaps, managing product lifecycle, and driving product innovation. Ability to think strategically and develop long-term plans to achieve business objectives, including market expansion, revenue growth, and customer acquisition. Proficiency in project management methodologies to ensure timely delivery of initiatives, manage cross-functional teams, and track progress against goals. A customer-centric approach to product development and marketing, with a focus on understanding customer needs, preferences, and pain points.Ability to identify market opportunities for innovation, develop creative solutions, and drive product differentiation. Demonstrated leadership skills to inspire and motivate cross-functional teams, foster collaboration, and drive results in a dynamic environment. Understanding of financial concepts related to insurance products, such as embedded value, new business premium, and profitability metrics. Awareness of regulatory requirements and compliance standards relevant to insurance product development and distribution. Ability to adapt to changing market conditions, customer preferences, and organizational priorities to drive continuous improvement and innovation. A track record of delivering results and achieving targets in a competitive business environment. A bachelor's degree in business, finance, marketing, or a related field is typically required. Strategic thinker with a passion for innovation, strong leadership skills, and a proven ability to drive product growth and profitability in the insurance industry.

ref: (300000293985273) 15 days ago

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