About this role
Assistant Manager – Product Development Union Assurance is a leading corporate and one of the fastest growing entities in the Life Insurance industry backed by the strength and stability of John Keells Holdings PLC, Sri Lanka's largest conglomerates.
The Job Role
- The individual will be responsible to coordinate the end-to-end product development process, ensuring timely progression of new and revised products through all required stages.
- The role is responsible for facilitating cross-functional collaboration, monitoring project timelines, coordinating regulatory and governance requirements, and supporting product launch readiness in line with company policies and business objectives.
- Principle Accountabilities: . Act as the single point of accountability for managing product initiatives through all stages of the Product Development Process, ensuring compliance with stage-gate governance requirements and timelines.
- Coordinate and align activities across Actuarial, Distribution, Operations, IT, Finance, Legal & Compliance, Marketing, Reinsurance, and L&D, while managing dependencies and resolving cross-functional issues.
- Monitor competitor product developments by coordinating with Marketing for market intelligence and obtaining competitor quotes and sales illustrations from distribution channels.
- Manage and control progression through all mandatory stage gates, including feasibility, design, distribution, pricing, regulatory, system readiness, training, and launch approvals.
- Oversee all regulatory submission requirements, ensure adherence to timelines, coordinate query resolution, secure approvals, and maintain internal sign-off records.
- Ensure approved product specifications are provided to IT, oversee system configuration, and confirm alignment between system development and approved product features.
- Govern testing and UAT processes by ensuring all relevant functions complete testing and provide formal sign-offs before launch.
- Coordinate stakeholder training, ensure readiness across impacted teams, and confirm training materials accurately reflect approved product features, systems, and policy terms.
- Coordinate marketing materials and communications with Marketing to ensure accuracy, regulatory compliance, and timely submissions before product launch.
- Manage launch readiness, post-launch support, product lifecycle activities, growth monitoring, customer and market analysis, competitor tracking, performance evaluation, and implementation of growth initiatives to achieve business objectives.
- Qualifications and Experience . Bachelor’s Degree in Management, Analytics, or a related discipline.
- Project Management qualifications or certification will be an added advantage.
- Minimum 03-05 years of experience in product development role In-depth understanding of Life Insurance products with strong negotiation and stakeholder management skills to drive successful product outcomes.
- Excellent time management and process improvement capabilities, with the ability to streamline workflows, enhance efficiency, and ensure timely delivery of business objectives.
- Strong analytical and problem-solving skills with the ability to interpret data, identify trends, and support informed decision-making.
The candidate selected for the above position will be entitled to an attractive remuneration package.
Applicants who are interested are encouraged to apply on or before 06th November 2026.