Product Development Supervisor

Amana company; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading insurance firm in Riyadh is seeking a Product Development Supervisor to oversee the complete lifecycle of insurance products. The successful candidate will identify market trends, lead product development initiatives, and collaborate with cross-functional teams. Applicants should have at least 5 years of relevant experience and a Bachelor’s degree in a related field. This role is crucial for aligning product offerings with market needs and the strategic objectives of the company.

Qualifications

• Minimum 5 years of experience in insurance product development or product management.

Responsibilities

• Identify market trends and opportunities for new or enhanced insurance products.
• Lead product ideation, development, and enhancement initiatives.
• Manage product filing and approval processes with regulatory teams.
• Prepare product specifications and documentation.
• Coordinate with Operations Excellence to ensure process alignment.
• Collaborate with Marketing on product launch strategies.
• Provide feedback summaries, insights, and action plans post-launch.
• Maintain and update the product catalogue.
• Coordinate product activities and development roadmaps.
• Ensure products align with the company’s overall strategy.

Skills

Strong knowledge of insurance product structures and regulatory requirements

Understanding of underwriting and actuarial functions

Experience with project management tools

Strong project leadership and coordination skills

Market-oriented mindset with a strong customer focus

Education

Bachelor’s degree in Business Administration, Insurance Marketing, Economics, or a related field

Postgraduate studies or certifications in insurance, analytics, or performance management

Job description

We are looking for a Product Development Supervisor to lead the end-to-end development and enhancement of insurance products aligned with market needs, industry trends, and the company’s strategic objectives. This role manages the full product lifecycle from ideation to launch and works closely with cross-functional teams including Underwriting, Marketing, Actuarial, IT, Compliance, and Operations Excellence.

Key Responsibilities

• Identify market trends, customer needs, and opportunities for new or enhanced insurance products
• Lead product ideation, development, and enhancement initiatives
• Manage product filing and approval processes with regulatory and compliance teams
• Prepare detailed product specifications and documentation
• Coordinate with Operations Excellence to ensure alignment with processes and performance targets
• Collaborate with Marketing and Sales teams on product launch strategies
• Provide feedback summaries, insights, and action plans post-launch
• Maintain and update the product catalogue
• Coordinate day-to-day product activities and product development roadmaps
• Ensure all products align with the company’s overall strategy

Qualifications & Requirements

• Bachelor’s degree in Business Administration, Insurance Marketing, Economics, or a related field
• Minimum 5 years of experience in insurance product development or product management
• Postgraduate studies or certifications in insurance, analytics, or performance management are an advantage

Skills

• Strong knowledge of insurance product structures and regulatory requirements
• Understanding of underwriting and actuarial functions
• Experience with project management tools
• Strong project leadership and coordination skills
• Market-oriented mindset with a strong customer focus