AM – Product Management

A leading life insurance company is seeking a motivated AM – Product Management to join its digital-first team. In this pivotal role, you will be responsible for creating and updating Functional Specification Documents (FSD) for new products. Furthermore, you will collaborate with cross-functional teams to ensure all system development meets business requirements and regulatory standards. Consequently, this position is vital for driving innovation within the company’s cloud-native policy administration framework.

The AM – Product Management must translate complex business requirements into technical specifications for developers and technical product owners. Additionally, you will lead the creation of user stories and acceptance criteria to ensure seamless customer onboarding journeys. Therefore, the company is looking for a professional with 1 to 2 years of experience in the life insurance sector. If you have a strong understanding of digital product journeys and insurance regulations, this AM – Product Management role offers a premier career opportunity.

Key Responsibilities for the AM – Product Management

• Create and update Functional Specification Documents (FSD) in compliance with regulatory and underwriting rules. [cite: 526]
• Develop product rollout and system readiness checklists for both MVP and post-MVP product drops. [cite: 527]
• Create detailed user stories, testing scenarios, and acceptance criteria based on product filings. [cite: 528]
• Review and sign off on premium rates and calculators shared by the actuarial pricing team. [cite: 529]
• Provide technical walkthroughs of product designs to development teams to ensure end-to-end build accuracy. [cite: 529, 530]
• Review testing artefacts and provide product sign-offs to ensure regulatory compliance across platforms. [cite: 531]
• Translate high-level business requirements into actionable technical requirements for developers and TPOs. [cite: 533]
• Create and publish release notes for policy administration systems as and when required. [cite: 534]
• Develop product functionalities in line with lifecycle requirements and program-level prioritization. [cite: 535]
• Ensure zero non-compliance by adhering to all regulatory reporting and product setup requirements. [cite: 537]

Requirements and Qualifications

• Minimum of a Graduate degree with 1 to 2 years of professional experience in life insurance.
• Strong working knowledge of Life Insurance (LI) products, digital journeys, and current regulations. [cite: 541, 542]
• Outstanding capacity to handle multiple projects while adhering to stringent development timelines. [cite: 543]
• Excellent oral and written communication skills with experience engaging with senior leadership. [cite: 545]
• Proven ability to collaborate with fintech and insuretech players for solution integration. [cite: 517]
• Highly ambitious and result-oriented mindset with non-compromising professional work ethics. [cite: 543]

Why Join the Product Management Team?

• Acquire a niche product skillset to become a recognized Life Insurance Subject Matter Expert (SME). [cite: 515]
• Get unique exposure to directly work on advanced cloud-native policy administration systems and APIs. [cite: 516]
• Collaborate with multiple fintech partners to integrate solutions into diverse business models. [cite: 517]
• Work in a collaborative environment where growth, innovation, and employee welfare are paramount. [cite: 513]

If you are a product professional ready to drive the AM – Product Management function for a premier insurer, we encourage you to apply today!