Position: Director, Product Strategy & Management

Department: Regional Product and Value Management

Job Location: Hong Kong (Regional Role), Hybrid

The Role:

The Director of Product Strategy and Management will play an instrumental role in strengthening *** Asia’s product competitiveness and value creation to meet its financial and growth goals, as well as evolving customer needs. The role will lead strategic initiatives across the region while working collaboratively with local markets. The role will also act as a key liaison between corporate and local teams to drive product development efficiency and innovation.

Key Responsibilities:

Product Strategy

• Ideate and drive strategic initiatives to enrich *** Asia’s product lines, differentiate product offerings and enhance product competitiveness.
• Champion innovation in product ideation and design, customer orientation, and product development process. Scale and lead innovation best practices.
• Build use cases for digital, technology and artificial intelligence enablement, working closely with country product teams and external vendors to drive innovation, agility and excellence in product development.
• Collaborate with Solutions team to strengthen ***’s customer proposition through integrating product and services and leveraging customer data, particularly in the A&H and protection space.
• Drive the development of digital insurance products with select markets to address differentiated customer needs and generate quality leads for cross/up-sell.
• Conduct market and competitive analysis on regulatory change, market dynamics and evolving customer needs and translate them into sound product strategies to capture growth.

Management & Governance

• Govern the regional product development process to ensure adherence to *** internal policies and guidelines, while promoting development agility.
• Review and approve business cases of new product ideas from markets, ensuring alignment with business and enterprise strategies while sufficiently addressing customer needs.
• Proactively seek out opportunities to simplify product development processes and enable solutions to increase speed and relevancy.
• Implement active portfolio review to effectively manage the product shelf to maximize value.
• Support emerging markets in product ideation and development when necessary.
• Scale existing best practices in product & management routines (i.e. product forum, planning, etc).

Candidate Qualifications:

Essential Business Experience and Technical Skills:

• 10+ years of insurance product-related or strategy experience.
• Knowledge of various types of insurance products and understanding of product economics.
• Experience in product development, health, underwriting, or strategy preferred.
• Strong analytical background, comfortable working with data and emerging technology
• Proven track record of executing strategic, cross-functional projects to deliver concrete results.
• Strong communication and teamwork skills. Ability to communicate and build relationship with key stakeholders across functions and regions.
• Ability to work independently and manage multiple priorities.
• Adaptable and fast learner.
• Actuarial knowledge/background will be a positive

Leadership Competencies:

• Thinks Strategically – Sets direction aligned to the company’s strategy, applying knowledge of competitors’ successful product offerings and ***'s product successes, to meet regional and local product differentiation and profitability needs.
• Creates Partnerships – Authentically builds trusted relationships and collaborates across regional and local, diverse and multi-functional teams to successfully drive business objectives and customer satisfaction.
• Seizes Opportunity – Seeks new opportunities and ways to create capital-efficient, profit-optimized business growth through customer-centric product innovation, development and optimization.
• Drives Results – Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.