Product Development Manager

About Utmost International Utmost International is a leading provider of insurance-based wealth solutions operating across the UK, Europe, Latin America, Asia, and the Middle East. Its solutions are largely based on unit-linked insurance policies, serving the needs of affluent, high net worth (HNW), and ultra-high net worth (UHNW) individuals.   About Utmost Luxembourg S.A. Sitting at the crossroads of private banking, asset management, and insurance, we operate in a well-established and fast-growing division of the financial services industry. Our dynamic international team of 450+ experienced wealth structuring specialists, subject-matter and technical experts consists of 50 different nationalities, speaking over 30 languages.   We are a diverse and inclusive organisation driven by a values-based culture that promotes excellence, ambition, and innovation. We invest in talented teams who develop their expertise, curated through support and training, and fostered through a people centred culture. Our people truly are our greatest asset!   Your role – Are you ready for a challenge? The Product Development Manager supports Utmost activity both for unit-linked and protection business. They are responsible for supporting the design of new products, the monitoring of existing products and the launch of new markets, ensuring that regulatory, legal, tax, financial, operational and distribution aspects are covered in all development and life cycle phases of products. They are responsible for the management of full protection policies lifecycle, from analysis and appraisal of applications through policy issuance and claims. They are the primary point of contact for sales and partners, medical centre and reinsurance providers.   - Supporting the Head of Product Management & Development and Underwriting in strategical projects and product & market developments; - Supporting the development of new market and product opportunities, while ensuring that legal, regulatory, tax and distribution aspects are addressed; - Developing business cases and implementation plans for selected new product features, categories and solutions; - Developing complete propositions, including market requirements, product specifications, features and solutions; - Managing existing products, realise regular product reviews, ensuring the adherence to the Product Oversight Governance (POG) policy and procedure in all the related tasks; - Coordinating product maintenance throughout all functions of the company, also providing training, support and coaching to all functions whenever needed; - Ensure the quality of pre and post contractual documentation;  - Managing protection policies lifecycle (offers, pre-screening insurance applicants, underwriting, policy management, records and reporting); - Coordinating medical centre networks and ensure proper tests are arranged based on underwriting requirements and requested amount of coverage; - Managing communication with reinsurers, partners and clients on underwriting decisions; - Participate in Company and Group projects and workgroups, supporting products, systems and tools developments and testing. Your profile – Have you got what it takes to become our Product Development Manager? - At least 5 years of experience in the life insurance sector. Experience in life insurance underwriting and HNWI European markets would be considered an asset; - Knowledge of medical and financial underwriting processes; - Ability to work autonomously, as well as within team and to prioritise tasks; - Attention to details, flexibility and experienced in working under pressure and to demanding deadlines; - Full proficiency in English. Additional European languages would be considered an asset. Additional assets - Technical skills: medical and financial underwriting process, reinsurance, knowledge of main life insurance framework in Europe; - Soft skills: attention to details, relationship management, time management, team working, communication skills; - Specific trainings and certifications would be considered an asset. As an equal opportunity employer, all qualified applicants will receive consideration for employment without regard to gender, colour, religion, sexual orientation, national origin, disability status, protected veteran status, or any other characteristic protected by law.   Given the sensitive nature of our business, industry sector and the role as described, the selected candidate is required to provide a criminal record (Bulletin n°3 for Luxembourgish residents). This excerpt will be kept by Utmost Luxembourg S.A. in compliance with article 8-5 (2) of the law of 23 July 2016 and for no longer than one month from the conclusion of the employment contract; otherwise, it will be destroyed without any undue delay should the candidate not be hired.   Utmost Luxembourg S.A. is aware of its obligations under the General Data Protection Regulation (GDPR) and is committed to processing your data securely and transparently.   Our Recruitment Privacy Notice is in line with GDPR and provides more information with regards to the types of data that we collect and hold on you as a job applicant, including for the performance of Background Checks.  It also sets out how we use that information, how long we keep it for and other relevant information about your data. For full details please click here Recruitment Privacy Statement #utmost