Product Analyst

Momentum; Gauteng; Hybrid; ZAR 400 000 - 600 000; Full time

Job summary

A leading company in the financial services sector is seeking a Product Analyst to bridge the gap between actuarial product requirements and IT solutions. The ideal candidate will possess strong analytical skills, a related degree, and experience in Business Analysis within the Life Insurance industry. This role involves gathering requirements, analyzing product specifications, and ensuring quality delivery in a collaborative environment.

Qualifications

• 3+ years' experience in Business Analysis or Product Team within Long Term Life Insurance or Reinsurance.
• In-depth knowledge of Life Insurance products and processes.
• Business Analysis or Actuarial Specialist Experience preferred.

Responsibilities

• Gather and interpret requirements from stakeholders.
• Analyze product and business requirements, validate, and translate into clear specifications.
• Participate in User Acceptance Testing and guide users.

Skills

Analytical skills

Interpersonal communication

Business Analysis

SQL

Advanced Excel skills

Financial / Statistical mathematics

Education

Related Degree

Job description

Closing Date : 03/28

Reference Number : MMH-1

Job Title : Product Analyst

Position Type : Permanent

Role Family : Information Technology

Cluster : Momentum Retail

Remote Opportunity : Some of the time

Location - Country : South Africa

Location - Province : Gauteng

Location - Town / City : Centurion

Introduction

Through our client-facing brands Metropolitan and Momentum, with Momentum Multiply (our wellness and lifestyle rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.

We help people grow their savings, protect what matters to them, and invest for the future.

We help companies and organizations care for and reward their employees and members.

Through our own network of advisers or via independent brokers and utilizing new platforms, Momentum Metropolitan provides practical financial solutions for people, communities, and businesses.

Visit us at : Please verify the legitimacy of this job advert on our company career page.

Role Purpose

We are looking for an enthusiastic individual with strong analytical skills to assist in realizing Business Strategy by understanding and clearly communicating product requirements to all impacted stakeholders.

This key position in a dynamic Product team will serve as a bridge between actuarial life product requirements and the IT team, facilitating the efficient maintenance and development of IT solutions to meet all product requirements as envisaged.

The role requires strong interpersonal communication skills, with the ability to relate and engage with actuarial, retail administration, and finance specialists, and to communicate effectively at their respective levels.

In addition to strong Business Analysis skills, familiarity with the full product rules value chain is required.

Requirements

• Related Degree
• 3+ years' experience in Business Analysis or in a Product Team within Long Term Life Insurance or Reinsurance
• In-depth knowledge of Life Insurance products and processes, including product rules, premium rates and charges, value calculations, and investment structures
• Business Analysis or Actuarial Specialist Experience preferred
• Experience in SQL
• Advanced Excel skills
• Financial / Statistical mathematics

Duties & Responsibilities

• Gather and interpret requirements from stakeholders in line with business analysis frameworks
• Analyze product and business requirements, validate, and translate into clear requirement specifications
• Document and present requirements and business process specifications adhering to best practices
• Oversee quality delivery of requirements in collaboration with project and testing teams
• Review, validate, test, and gain approval for specifications at each development stage
• Participate in conceptual solution design and recommend innovative, sustainable solutions
• Collaborate with stakeholders throughout the project lifecycle to ensure expectations are met
• Participate in User Acceptance Testing and guide users
• Manage change requests, facilitate prioritization, and track queries and changes
• Use scenario testing and test cases to ensure comprehensive testing
• Stay informed of legislative, IT, and business trends to optimize service and minimize risk
• Recommend improvements for client service and fair treatment
• Contribute to a positive culture, energize employees, and foster innovation and collaboration
• Identify cost-effective solutions and enhance operational efficiency
• Manage financial and other resources responsibly

Competencies

• Business Acumen
• Responsive to change and innovative
• Client Focused
• Diversity and Inclusion
• Strong listening skills
• Openness
• Result-oriented