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Associate Product Manager

The Associate Product Manager is responsible for supporting the life insurance product development initiatives and encouraging positive relationships with other functional areas within US Insurance, including Distribution, IS, Operations, Marketing, Finance and Underwriting.

Position Responsibilities:

  • Product Development: Support product managers on product development initiatives to ensure that projects are implemented according to plan and that any issues are resolved promptly and effectively. This would include bank and wirehouse product submissions, user acceptance testing and learning the Product Development process.

  • Product Management: Responsible for presentation updates and supporting materials for product presentations.

  • VUL Funds: Assist with semi-annual fund updates and special projects related to the John Hancock Variable Insurance Trust.

  • Distribution Support: Assist Distribution with general product questions relating to John Hancock’s retail life insurance products and Variable funds.

  • Product R&D: Support new product research and development efforts.

Required Qualifications:

  • Bachelor’s degree or equivalent experience

  • 4+ years’ experience in the insurance industry

Preferred Qualifications:

  • Knowledge of the life insurance brokerage marketplace

  • Ability to appropriately prioritize tasks and meet tight deadlines

  • Technical understanding of insurance products

  • Ability to analyze large amounts of data and synthesize the essential information for both senior management and distribution team members.

  • Excellent communication (particularly written) and interpersonal skills to deal with both technical and non-technical audiences and customers.

  • Strong Microsoft PowerPoint and Excel skills

  • Strategic individual who tackles challenges

When you join our team:

  • We’ll empower you to learn and grow the career you want.

  • We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

  • As part of our global team, we’ll support you in shaping the future you want to see.

#LI-Hybrid

#LI-JH

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact recruitment@manulife.com.

Primary Location

Boston, Massachusetts

Working Arrangement

Hybrid

Salary range is expected to be between

$71,550.00 USD - $119,250.00 USD

If you are applying for this role outside of the primary location, please contact recruitment@manulife.com for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife/John Hancock offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.

Know Your Rights I Family & Medical Leave I Employee Polygraph Protection I Right to Work I E-Verify I Pay Transparency

Company: John Hancock Life Insurance Company (U.S.A.)

Average salary estimate

$95400 / YEARLY (est.)
min
max
$71550K
$119250K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Associate Product Manager, Manulife

Are you ready to kickstart your career in the insurance industry? An exciting opportunity awaits you as an Associate Product Manager at John Hancock Life Insurance Company in beautiful Boston, Massachusetts! In this role, you'll be part of a dynamic team focused on enhancing life insurance product development initiatives. You'll work closely with various functional areas, including Distribution, Operations, Marketing, and Finance, ensuring that product projects run smoothly and any issues are swiftly resolved. As an Associate Product Manager, you'll dive into essential tasks such as user acceptance testing and supporting product managers with updates and presentations. Your keen analytical skills will help you synthesize data for both senior management and team members. You'll also have the chance to assist with the John Hancock Variable Insurance Trust and engage with distribution teams to address any queries about our retail life insurance products. With a bachelor’s degree and a background in the insurance industry, you’ll bring a strategic mindset to the table, ready to tackle challenges with strong communication skills. Join John Hancock, where we prioritize your career growth and well-being in an inclusive environment! Explore the possibilities that await you.

Frequently Asked Questions (FAQs) for Associate Product Manager Role at Manulife
What responsibilities does an Associate Product Manager have at John Hancock Life Insurance Company?

As an Associate Product Manager at John Hancock Life Insurance Company, you'll support product development initiatives by ensuring projects are implemented effectively and resolving any arising issues. Your responsibilities will include assisting with product presentations, conducting user acceptance testing, and facilitating communication between various departments like Distribution, Operations, and Marketing. You'll play a crucial role in product research and development efforts, which is essential for driving the success of our life insurance products.

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What qualifications are needed for the Associate Product Manager position at John Hancock?

To be considered for the Associate Product Manager role at John Hancock, you should hold at least a bachelor’s degree or have equivalent experience. A minimum of 4 years of experience in the insurance industry is also essential. Preferred qualifications include strong knowledge of the life insurance brokerage marketplace, technical comprehension of insurance products, and proficiency in Microsoft PowerPoint and Excel. Excellent written and interpersonal communication skills are vital for interfacing with both technical and non-technical stakeholders.

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How does John Hancock support career growth for Associate Product Managers?

At John Hancock, we are committed to empowering our employees to learn and grow in their careers. As an Associate Product Manager, you will gain access to various training programs and mentorship opportunities, allowing you to expand your skills in product management and development. We recognize and support career advancement in a flexible environment where inclusion and well-being are our core values. Join our global team and shape the future you want to see!

Join Rise to see the full answer
What is the working environment like for an Associate Product Manager at John Hancock?

The working environment for an Associate Product Manager at John Hancock is collaborative and dynamic. You'll engage with multiple departments, fostering relationships that enhance collective efforts in product development. Our hybrid working arrangement allows for flexibility, and we prioritize creating a workspace that supports both productivity and well-being. Being part of our diverse team means you'll experience an inclusive culture that values every individual's contribution.

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Can you describe the salary and benefits for an Associate Product Manager at John Hancock?

The salary for an Associate Product Manager at John Hancock ranges from $71,550 to $119,250 USD, depending on various factors like experience and market conditions. In addition to competitive compensation, we offer a generous benefits package that includes health, dental, and vision coverage, retirement savings plans, and paid time off. Our employees also benefit from wellness initiatives, mental health support, and opportunities for career advancement, contributing to a balanced work-life experience.

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Common Interview Questions for Associate Product Manager
What experiences do you have that make you a suitable candidate for the Associate Product Manager role?

In interviews for the Associate Product Manager position, highlight your relevant experiences in product management or the insurance industry. Discuss specific roles where you supported product development initiatives, managed projects, or collaborated across departments. Be sure to outline how these experiences have prepared you for the responsibilities you will encounter at John Hancock.

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How would you handle a situation where a product development project is falling behind schedule?

In response to this question, emphasize your problem-solving skills and ability to prioritize tasks. Discuss how you would assess the situation, identify bottlenecks, and collaborate with team members to develop a recovery plan. Show that you're proactive in seeking solutions and communicating effectively with stakeholders.

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Can you explain your process for understanding customer needs when developing new insurance products?

Here, focus on your approach to research and analysis. You might highlight how you gather customer feedback through surveys or focus groups and analyze market trends to inform product features. Emphasizing a customer-centric mindset will demonstrate your commitment to creating valuable insurance products at John Hancock.

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What tools and methods do you use for data analysis in product management?

Mention specific software tools you're familiar with, such as Microsoft Excel or data visualization tools. Discuss strategies for analyzing large datasets effectively and how you've used insights from data analysis to make informed product decisions in past roles.

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Describe a time you worked cross-functionally. What challenges did you face?

When answering, narrate a real experience where you collaborated with multiple departments, such as Marketing or Operations. Detail the challenges you encountered, how you navigated differences in goals or priorities, and the successful outcome achieved through teamwork.

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What strategies would you use to keep stakeholders informed during a product development cycle?

Highlight the importance of clear communication. Discuss how you would establish regular check-ins, share project updates, and use collaborative tools to ensure stakeholders remain engaged and informed throughout the product development process.

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How do you prioritize competing projects or tasks as an Associate Product Manager?

Discuss your approach to prioritization, which may include evaluating projects based on deadlines, impact, and resource availability. Sharing an example where you successfully managed multiple tasks will illustrate your time management skills.

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What do you consider the most critical aspect of product presentation?

In your answer, emphasize the resonation with your audience. Discuss the importance of clarity, ensuring that the key value propositions are communicated effectively, and tailoring messages to suit different stakeholder needs.

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How would you approach user acceptance testing for a new product?

Here, detail your methodology for user acceptance testing, including identifying criteria for success, gathering user feedback, and iterating on the product. Showcase how you would collaborate with users and stakeholders to refine the product pre-launch.

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What motivates you to work in product management, especially in the insurance sector?

Share your passion for product management and helping customers through innovative insurance solutions. Relating personal experiences or stories that inspire your commitment to the field can resonate well with interviewers and show your enthusiasm for the role.

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Decisions made easier. Lives made better. We are on a transformational journey. We want to remove complexity from the financial services industry, to make people’s lives better by helping to make their decisions easier. Being part of this transfo...

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DATE POSTED
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