Insurance Product Developer

Placements24; Mbombela (Nelspruit); Hybrid; ZAR 600,000 - 1,200,000; Full time

Benefits offered by this job

Competitive salary

Comprehensive health benefits

Generous paid time off

Career development opportunities

Job summary

Placements24 is seeking an innovative Insurance Product Developer to join a fully remote product innovation team. You will design, develop, and launch new insurance products while enhancing existing ones to meet evolving market demands, collaborating with actuarial, marketing, sales, and operations to bring market-leading solutions to life.

You will shape product features, pricing, and policy wordings, build business cases, and manage the development lifecycle in a fast-paced, fully remote

Qualifications

• Proven experience in product development/management in the insurance sector.
• Strong understanding of insurance principles, market dynamics, and customer segmentation.
• Excellent analytical, strategic thinking, and project management skills.

Responsibilities

• Research market trends, customer needs, and competitor offerings to identify opportunities for new insurance products.
• Design product features, benefits, pricing structures, and policy wordings in collaboration with relevant departments.
• Develop business cases and financial projections for new product proposals.
• Oversee the product development lifecycle from concept to launch and post-launch review.
• Ensure all products comply with regulatory requirements and company standards.

Skills

Product development

Insurance domain knowledge

Analytical thinking

Remote collaboration

Project management

Education

Bachelor's degree in Business/Marketing/Finance

Job description

About the Role

Our client is looking for an innovative and strategic Insurance Product Developer to join their fully remote product innovation team. This role is central to designing, developing, and launching new insurance products and enhancing existing ones to meet evolving market demands and customer needs. You will collaborate closely with actuarial, marketing, sales, and operations teams to bring market-leading insurance solutions to life. This fully remote position offers the flexibility to work from anywhere, fostering creativity and efficiency in a fast-paced, collaborative environment. You will be instrumental in driving the company's growth and competitive edge through cutting-edge product offerings.

Key Responsibilities

• Research market trends, customer needs, and competitor offerings to identify opportunities for new insurance products.
• Design product features, benefits, pricing structures, and policy wordings in collaboration with relevant departments.
• Develop business cases and financial projections for new product proposals.
• Oversee the product development lifecycle, from concept and design through to launch and post-launch review.
• Ensure all products comply with regulatory requirements and company standards.

Requirements

• Proven experience in product development, product management, or a related role within the insurance industry.
• Strong understanding of insurance principles, market dynamics, and customer segmentation.
• Excellent analytical, strategic thinking, and project management skills.
• Ability to collaborate effectively with cross-functional teams in a remote setting.
• Bachelor's degree in Business, Marketing, Finance, or a related field; advanced degrees or relevant certifications are a plus.

Benefits

• Competitive salary and bonus structure reflecting experience and contribution.
• Comprehensive health, dental, and vision insurance.
• Generous paid time off and flexible working hours.
• Significant opportunities for professional development and career advancement.
• A vibrant, fully remote work culture that emphasizes innovation and collaboration.