Insurance Product Developer

Placements24; Benoni; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Health insurance

Retirement planning

Hybrid work model

Career progression

Job summary

Placements24 in Benoni (Gauteng) seeks an innovative Insurance Product Developer to design, launch, and enhance insurance products, aligning with market demands and business goals.

You will collaborate across actuarial, marketing, legal, and operations to drive product profitability and strategic growth in the Gauteng insurance market.

Qualifications

• Bachelor's degree in Business, Finance, Marketing, Actuarial Science, or a related field.
• Minimum of 5 years of experience in insurance product development, management, or a related role.
• Strong understanding of insurance markets, products, and regulatory frameworks.
• Excellent analytical, strategic thinking, and project management skills.
• Proven ability to collaborate effectively with cross-functional teams.
• Strong presentation and communication skills.

Responsibilities

• Conduct market research and competitor analysis to identify opportunities for new insurance products.
• Design and develop innovative insurance products, considering pricing, coverage, and regulatory compliance.
• Collaborate with actuarial teams to model product profitability and risk parameters.
• Work with marketing and sales teams to develop product launch strategies and materials.
• Ensure all new and updated products comply with legal and regulatory requirements.
• Manage the product lifecycle, from ideation through to launch and ongoing performance review.

Skills

Product development

Market analysis

Cross-functional collaboration

Project management

Presentation skills

Education

Bachelor's degree in Business/Finance/Marketing/Actuarial Science

Job description

Our client is seeking an innovative and strategic Insurance Product Developer to join their dynamic team based in Benoni . This role is responsible for conceptualizing, designing, and launching new insurance products and enhancing existing ones to meet market demands and achieve business objectives. You will work across departments, including actuarial, marketing, legal, and operations, to ensure successful product development and implementation. This is a key position for driving growth and competitiveness in the insurance market within Gauteng .

Key Responsibilities

• Conduct market research and competitor analysis to identify opportunities for new insurance products.
• Design and develop innovative insurance products, considering pricing, coverage, and regulatory compliance.
• Collaborate with actuarial teams to model product profitability and risk parameters.
• Work with marketing and sales teams to develop product launch strategies and materials.
• Ensure all new and updated products comply with legal and regulatory requirements.
• Manage the product lifecycle, from ideation through to launch and ongoing performance review.

Requirements

• Bachelor's degree in Business, Finance, Marketing, Actuarial Science, or a related field.
• Minimum of 5 years of experience in insurance product development, management, or a related role.
• Strong understanding of insurance markets, products, and regulatory frameworks.
• Excellent analytical, strategic thinking, and project management skills.
• Proven ability to collaborate effectively with cross-functional teams.
• Strong presentation and communication skills.

Benefits

• Attractive salary and performance-based bonuses.
• Hybrid work model combining office and remote flexibility.
• Comprehensive benefits package, including health insurance and retirement planning.
• Excellent opportunities for professional development and career progression.
• A forward-thinking company culture committed to innovation in Benoni .