Product Development and Management Director

Established in 1999, AXA Philippines is one of the largest and fastest growing life insurance companies in the country. It offers financial security to more than one million individuals through its group and individual life insurance as well as general insurance products through its subsidiary Charter Ping An.

AXA Philippines is one of the first to introduce bancassurance operations in the country, and is among the pioneers in the investment-linked insurance sector.

AXA now offers a complete range of products for all its customers’ insurance and financial protection needs, including savings and investments, health plans, income protection, and health coverage; and through its general insurance subsidiary Charter Ping An Insurance Corporation\: fire, motor car, marine cargo, personal accident, bonds, casualty, and engineering insurance products.

AXA Philippines closed 2017 with P26.4 billion in total premium income and P5.7 billion in gross written premiums from Charter Ping An. Today, AXA has more than 4,000 financial advisers in 36 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide. Charter Ping An, on the other hand, has 22 branches nationwide and 2,007 agents.

AXA Philippines is a joint venture between the AXA Group, headquartered in France, and the Metrobank Group, one of the largest financial conglomerates in the Philippines.

The Metrobank Group is a conglomerate of industry-leading businesses that includes First Metro Investment Corporation, Metrobank Credit Cards, Federal Land, Toyota, and Manila Doctors Hospital. It was hailed Best Bank in the Philippines in 2010, 2011, and 2012 by Euromoney and recognized as the strongest bank in the Philippines by The Asian Banker in 2013. It is owned by the Ty Family whose major business interests include financial services, real estate development, power, and manufacturing.

Experience and Qualifications\:

·         Bachelor’s Degree holder in Actuarial Science/ Mathematics/ Business Studies / Marketing Management/ Business Administration / Business

·         At least 5 years related work experience in life insurance product development or pricing and preferably at least 3 years related work experience in a manager capacity

·         In-depth knowledge & experience in marketing management, product management, project management and/or actuarial-related functions from a life insurance company preferred

·         Highly analytical and proficiency in math an advantage

·         Excellent leadership skills

·         Excellent communication and presentation skills

·         Excellent organizational and time management skills

·         Analytical and strategic thinking abilities a plus

A global leader in insurance and investments, AXA takes care of 103 million lives in 64 countries worldwide. We actively invest in pioneering and personalized solutions to meet your ever-changing needs and exceed your expectations. In the Philippines, we are in partnership with Metrobank, one of the country's strongest banks.

Purpose of the Job\:

Drives the design and implementation of new life and medical products, as well as management and enhancement of existing products to optimize sustainable growth and profitability of the company.

Key Accountabilities\:

·         Manages product development projects that involve new products, product revamps and quick wins to help AXA achieve business targets

·         Establish best practices and tools for product development, pricing process, and performance monitoring

·         Manages the company’s product portfolio to help ensure that new business persistency and profit margin targets are met

·         Assists customer segment teams in the creation of marketing and training materials and sales journey to make sure that all product details are accurate, well understood by the distribution channel and customers, and communication is apt for the target market.

·         Provides reports on market trend and competitors’ move on products to assist the product committee on decisions regarding product development strategy

·         Oversees the development of products materials and liaises with Insurance Commission for regulatory approval of the new products and enhancements.