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Product Management

Prudential Financial, Inc

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5-7 Years
7 months ago
116 Viewed
1 Applied

Job Description

Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

  • Product Management in General

Managing External Stakeholder (SCB) & Internal Stakeholder (Product Design, Pricing, implementation, Sales Team, Trainer, Marketing Team) in relation to product/fund related items. Managing end-to-end product development process which cater below areas:

  • Product Innovation

- Involving in the process of creating new products/funds or improving existing products to meet customer needs as well as Bank's Strategy in new ways.

- This also including negotiation with internal team to provide best product proposition for customer as well as competitive with the market.

  • Product Benchmarking

- Regular product mapping & market benchmarking to understand the current product gap as well as trend in the market to ensure our product offerings are competitive.

  • Product Approval

- Lead the negotiation with bank partner on new product proposal (term sheet) including commission, marketing allowance, etc.

- Preparing necessary documents for Bank's group approval.

- Responsible for handling queries from Bank's group as part of product approval process.

  • Product Marketing & Training

- Conducting kick off with training team, marketing team, PD Support to prepare necessary documents to support new product launch.

- Closely working with training team to provide the storyline for the training material, playbook, sales pitch, handling objection

- Closely working with marketing team to provide one pager, flyer, FAQ in relation to new product launching

- Supporting training to FSCs & Branches as SME.

  • Product Documentation Review

- Reviewing supporting documents related to products such as product agreement, draft content of product brochure, marketing name, and other documentation needed.

- Reviewing product specs, product term sheet, product agreement, product brochure, product summary, and other collaterals.

- Responsible for minutes of meeting & follow through the action items of the meeting.

  • Roll-Out Planning

- Prepare the roll-out planning, involving training schedule, marketing activities, program.

  • Project monitoring

- Monitoring the project, involving OJK & PCA Approval, System Development, etc.

- Escalating issues which impacting to launching date.

  • Product Performance Monitoring

- Continuously evaluate the performance of new product launching, understand the key success story, hassle, and other insight from sales team.

  • Product Planning

- Lead & prepare yearly product workshop with Bank partner. Lead the discussion with internal team & bank partner for yearly product planning, with incorporating product mapping & market benchmarking. Liaise with the account head on providing business projection & strategy for yearly product planning. Prepare product updates for regular meetings with bank, including for steerco meeting.

  • Ad-Hoc Project

Handling Projects in relation with Products, Operation, and Regulation with detail as follow:

  • Develop communication plan to Internal Account Team & Bank Partners.
  • Develop the timeline for project implementation.
  • Assess the risk of project implementation & develop risk mitigation.
  • Monitoring project implementation progress and actively updates the related team about the project progress.
  • Conducting socialization to PD Internal team about project implementation.
  • Developing the FAQ for project implementation (if needed).

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

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