HSBC (HSBC Global Service Centres / GSC India)·BFSI·3 days ago
3 days ago
Assistant Vice President, Product Development (Insurance) - HSBC Life
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What you'll do
- Lead end-to-end product development and launch of assigned life insurance products (e.g., HNW, legacy, endowment, retirement and index-linked plans)
- Convert customer insights, market trends and distribution feedback into clear, differentiated product propositions and innovative products
- Partner with Actuarial on benefit design and pricing to balance customer value, competitiveness, profitability and risk.
- Manage the full product lifecycle from ideation and approvals through implementation, launch and post-launch review.
- Drive cross-functional delivery with Distribution, Marketing, Operations, Underwriting, Compliance/Legal/Risk and external partners to ensure timely execution and operational readiness.
- Support go-to-market and sales enablement, including product briefs, training input, illustrations and customer/sales collateral review.
- Monitor product performance (sales, profitability, persistency and KPIs) and lead enhancements such as repricing, refreshes and regulatory updates.
- Ensure strong governance and MAS-aligned compliance across product documentation, approvals, controls and audit readiness.
What they're looking for
- Minimum 5 years’ experience in life insurance product development/management or closely related roles.
- Strong knowledge of traditional savings/retirement products and index-linked savings plans, with awareness of customer needs and market dynamics.
- Proven ability to lead complex, cross-functional initiatives and manage stakeholders across diverse functions
- Strong commercial and analytical skills, including positioning, product benchmarking, experience tracking and improving product performance metrics (e.g. profitability, persistency, sales)
- Strong understanding of end-to-end product development lifecycle (including ideation, governance and regulatory requirements), with a proactive mindset and the skill to improve ways of working – identifying optimization opportunities and leveraging AI-enabled solution where appropriate
- Degree in Business, Actuarial or a related discipline; excellent written and verbal communication and an innovation/problem-solving mindset.
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Some careers have more impact than others.
If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
HSBC Life is a world-class institution where you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank. Here you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank.
Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.
Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.
We are currently seeking a high calibre professional to join our team as a AVP PRODUCT
In this role you will:
- Lead end-to-end product development and launch of assigned life insurance products (e.g., HNW, legacy, endowment, retirement and index-linked plans)
- Convert customer insights, market trends and distribution feedback into clear, differentiated product propositions and innovative products
- Partner with Actuarial on benefit design and pricing to balance customer value, competitiveness, profitability and risk.
- Manage the full product lifecycle from ideation and approvals through implementation, launch and post-launch review.
- Drive cross-functional delivery with Distribution, Marketing, Operations, Underwriting, Compliance/Legal/Risk and external partners to ensure timely execution and operational readiness.
- Support go-to-market and sales enablement, including product briefs, training input, illustrations and customer/sales collateral review.
- Monitor product performance (sales, profitability, persistency and KPIs) and lead enhancements such as repricing, refreshes and regulatory updates.
- Ensure strong governance and MAS-aligned compliance across product documentation, approvals, controls and audit readiness.
To be successful you will need:
- Minimum 5 years’ experience in life insurance product development/management or closely related roles.
- Strong knowledge of traditional savings/retirement products and index-linked savings plans, with awareness of customer needs and market dynamics.
- Proven ability to lead complex, cross-functional initiatives and manage stakeholders across diverse functions
- Strong commercial and analytical skills, including positioning, product benchmarking, experience tracking and improving product performance metrics (e.g. profitability, persistency, sales)
- Strong understanding of end-to-end product development lifecycle (including ideation, governance and regulatory requirements), with a proactive mindset and the skill to improve ways of working – identifying optimization opportunities and leveraging AI-enabled solution where appropriate
- Degree in Business, Actuarial or a related discipline; excellent written and verbal communication and an innovation/problem-solving mindset.
You’ll achieve more when you join HSBC.
HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.
Issued by HSBC Life (Singapore) Pte. Ltd.
BFSI
Company
HSBC (HSBC Global Service Centres / GSC India)BFSI
Central Singapore, Singapore
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