Insurance Product Development Manager

Placements24; Queenstown; Hybrid; NZD 120,000 - 180,000; Full time

Benefits offered by this job

Health benefits

Retirement plan

Hybrid work

Professional development opportunities

Job summary

Placements24 is seeking a strategic Insurance Product Development Manager in Queenstown, NZ, to lead the creation and enhancement of an insurance product portfolio. You will identify market opportunities, design competitive products, and drive launches with cross-functional teams.

The role requires 7+ years in product management within insurance, strong analytical and regulatory knowledge, and a customer-centric mindset. Hybrid work offers flexibility and growth opportunities.

Qualifications

• Bachelor's degree in Business Administration, Marketing, Finance or related field.
• MBA or relevant advanced degree is a plus.
• 7+ years of product management or development experience in insurance.
• Strong understanding of insurance markets, products, and regulatory environments.
• Excellent analytical, strategic thinking and communication skills.

Responsibilities

• Lead end-to-end product development lifecycle from ideation to launch and post-launch analysis.
• Identify market opportunities and customer needs to develop innovative insurance products.
• Collaborate with underwriting, actuarial, marketing, sales and legal to ensure successful product development and implementation.
• Define product specifications, features, benefits, and pricing strategies.
• Develop business cases and financial projections for new product initiatives.
• Manage product performance and implement enhancements to improve profitability.
• Ensure compliance with regulatory requirements and internal policies.
• Present product strategies and performance updates to senior management.
• Create product documentation, training materials, and marketing collateral.

Skills

Analytical thinking

Strategic thinking

Problem-solving

Communication skills

Presentation skills

Interpersonal skills

Leadership

Cross-functional leadership

Project management

Education

Bachelor's degree in Business Administration/Marketing/Finance

MBA or relevant advanced degree

Tools

Project management tools

Job description

About the Role

Our client, a dynamic and innovative insurance provider, is seeking a strategic Insurance Product Development Manager to lead the creation and enhancement of their insurance product portfolio. This role is pivotal in identifying market opportunities, designing competitive products, and ensuring their successful launch and ongoing performance. The ideal candidate will possess a deep understanding of the insurance market, strong analytical and strategic thinking skills, and a proven track record in product management. Based in Queenstown, Eastern Cape, this position offers the chance to shape the future of our insurance offerings and drive business growth. Join us in Queenstown, Eastern Cape, and be at the forefront of insurance innovation.

Key Responsibilities

• Lead the end-to-end product development lifecycle, from ideation and market research to launch and post-launch analysis.
• Identify new market opportunities and customer needs to develop innovative insurance products.
• Collaborate with various departments, including underwriting, actuarial, marketing, sales, and legal, to ensure successful product development and implementation.
• Define product specifications, features, benefits, and pricing strategies.
• Develop business cases and financial projections for new product initiatives.
• Manage product performance, conduct regular reviews, and implement enhancements to optimize profitability and market share.
• Ensure all products comply with regulatory requirements and internal policies.
• Conduct competitor analysis and stay abreast of market trends and customer preferences.
• Create product documentation, training materials, and marketing collateral.
• Present product strategies and performance updates to senior management.

Requirements

• Bachelor's degree in Business Administration, Marketing, Finance, or a related field; an MBA or relevant advanced degree is a plus.
• Minimum of 7 years of experience in product management or product development, preferably within the insurance industry.
• Demonstrated success in launching and managing profitable insurance products.
• Strong understanding of insurance markets, products, and regulatory environments.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Proficiency in market research techniques and data analysis.
• Exceptional communication, presentation, and interpersonal skills.
• Ability to lead cross-functional teams and manage multiple projects simultaneously.
• Proficiency in project management tools and standard office software.
• A creative and innovative mindset with a customer-centric approach.

Benefits

• Our client offers a competitive salary package, performance-based incentives, and comprehensive health and retirement benefits.
• This role is based in Queenstown, Eastern Cape, with a hybrid work arrangement providing flexibility.
• We invest in our employees' professional development through ongoing training and provide ample opportunities for career advancement within a thriving organization.
• Join a supportive team dedicated to innovation and excellence.