Life Product Manager (Actuarial) - Hang Seng Bank (HK)

Life Product Manager (Actuarial) - Hang Seng Bank (HK)

Hong Kong
6-9 years
Not Specified

Job Description

Job Description

A Career with Hang Seng Bank
Hang Seng is committed to service excellence. Our people are our most important asset and play a vital role in our efforts to continually enhance our performance for customers and provide best-in-class products and services. We seek to attract high-calibre talent by offering a dynamic working environment, good career development opportunities and competitive compensation packages.
Life Product Manager (Actuarial)

Insurance - Life Insurance
Hang Seng Bank was one of Hong Kong's bancassurance pioneers with insurance business footprint started since 1965. Over the years, Hang Seng Bank has been committed to serve its customers by providing full spectrum of insurance products including Life Insurance manufacturing, distribution of General Insurance and Medical products, and MPF business.
Insurance is a fast-growing business and is one of the key drivers of Hang Seng Bank. As a well-established insurance entity, we take care of every need of our customers with an optimized service excellence through the Bank's retail and commercial network, with a dedicated team of professionals in place.
We are currently seeking a high caliber professional to join our department as Life Product Manager (Actuarial).
Principal Responsibilities

  • Oversee the product development process of life insurance business and recommend corresponding product strategies/business promotion to expand the Bank's market share of insurance business

  • Formulate insurance product strategies and business plans with detailed product intelligence and market research for meeting business targets

  • Work with actuarial pricing team to optimize product design and respective internal requirements

  • Monitor the post implementation review after new product launch so as to identify the gap for future product development

  • Lead the end to end insurance product development cycle; pipeline management and approval process

  • Build strong relationship and understanding of our global insurance businesses and identify business opportunities

  • Adopt new accounting standard into the product development process

  • University degree in Actuarial Science, Economics, Finance or related discipline; Preferably qualified Actuary under one of the International recognized actuarial societies

  • Minimum of 6 years relevant experience in the development of insurance products and/ or pricing, preferably with exposure to the banking industry; Non-Actuarial candidate will also be considered

  • Excellent communication skills

  • Project management experience, organizational skills and ability to think innovatively

  • Experience preparing and or conducting briefings and interfacing at all levels of management

  • Demonstrated initiative, autonomy and commitment to process improvements

  • Demonstrated ability to think strategically balanced with practical day to day execution.

  • Demonstrated negotiation, leadership and problem solving skills

  • Great sense of ownership and servicing mindset to ensure efficient and effective customer service processes

(Candidate with less experience will be considered as Assistant Life Product Manager.)
The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we're leveraging our digital capabilities to ensure we can continue to recruit top talent at the HSBC Group. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

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