Insurance Product Officer

PJ Lhuillier Group of Companies

  • Makati, Philippines
    821 Doctor Jose P. Rizal Avenue, Makati, Metro Manila, Philippines
    Metro Manila
  • Full time
Posted 2 months ago and deadline of application is on 30 May
Recruiter was hiring a day ago

Insurance Product Officer

PJ Lhuillier Group of Companies

Job Description

This position is primarily responsible for assisting the Insurance Product Head in conceptualizing, developing, and managing new products, alongside the enhancement of existing products under the Insurance Product Group portfolio. The position is expected to generate various studies and reports to support the Product Group’s objectives.

  • Stays abreast of latest market trends and needs in life and non-life insurance and micro-insurance.
  • Recommends nature/scope of present and future product lines to superiors by reviewing current metrics (product specification, requirements, pricing, loss ratio minimization)
  • Conducts feasibility studies (cost-benefit, expense forecasting, market viability competitor impact) for product expansion or enhancement initiatives
  • Generates pricing proposals for insurance products using data from IMCG market research, Insurance Group feasibility studies, Sales Channel performance collated by Product Specialists
  • Monitors pilot testing of new insurance product, and validates test result submitted by Product Specialist
  • Creates training content and sends out to relevant support unit for actual execution
  • Generates compilation of product expansion/enhancement recommendations from Sales Channel personnel

Minimum Qualifications

  • Graduate of any four-year course related in finance, marketing or any business-related course
  • At least 3 years in field related to insurance and product development
  • Knowledge with actuarial science, market research (feasibility studies, business process studies), Management, Accounting, Statistics (descriptive) can be an advantage
  • Willing to be assigned in Makati

Perks and Benefits

  • Paid Holidays Paid Holidays
  • Paid Vacation Leave Paid Vacation Leave
  • Paid Sick Leave Paid Sick Leave
  • Paid Bereavement/Family Leave Paid Bereavement/Family Leave
  • Maternity & Paternity Leave Maternity & Paternity Leave
  • Single Parent Leave Single Parent Leave
  • Special Leave Benefits for Women Special Leave Benefits for Women
  • Retirement Benefit Plans Retirement Benefit Plans
  • Life Insurance Life Insurance
  • Medical / Health Insurance Medical / Health Insurance
  • Medical, Prescription, Dental, or Vision Plans Medical, Prescription, Dental, or Vision Plans
  • Performance Bonus Performance Bonus

Required Skills

  • Business Development
  • Product Development
  • Product Management

Jobs Summary

Job level
Entry Level / Junior, Apprentice
Job category
Sales and Marketing
Educational requirement
Bachelor's degree graduate
Recruiter response to application
Office Address
821 Doctor Jose P. Rizal Avenue, Makati, Metro Manila, Philippines
Financial Services
1 opening

Feel secure when applying: look for the verified icon and always do your research on a company. Avoid and report situations when employers require payment or work without compensation as part of their application process.

About PJ Lhuillier Group of Companies

The P.J. Lhuillier Group of Companies is composed of various companies ranging from its flagship business of pawn brokering to local and international remittance, micro-insurance, rural banking, hotel and restaurant management, jewelry and sports accessory retail, information technology, real estate, professional management, and corporate social responsibility. History Formally established in 1988, PJ Lhuillier,Inc. (PJLI) is a dynamic, multi-industry company that owns and operates businesses dealing with pawnshop, non-pawnshop financial services (banking, international and local remittance, non-life insurance, electronic loading, bills payment, and collection service), retail (jewelry and health and wellness products), hotel and restaurant management, information technology management, sports, and real estate/property management. It is the proud parent company of Cebuana Lhuillier, one of the leading and largest non-bank financial services providers in the Philippines with over 1,700 branches nationwide. PJLI attributes its dominance in the industry to integrity and heartfelt service, its robust network of local and international industry partners, and its steadfast commitment to nurture market-leading businesses for its growing clientele. Today, the P.J. Lhuillier Group of Companies seeks to become the best and preferred microfinancial and business-to-business solutions partner. The company intends to fulfil this vision through rendering dedication, hard work, and service. Company Mission To enable more Filipinos to have access to financial solutions. Company Vision To be the best and preferred microfinancial and business-to-business solutions partner with a heart.