Insurance Product Developer

Placements24; Paarl; Híbrido; ZAR 900.000 - 1.300.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Base salary + performance bonuses

Excellent medical aid

Retirement fund contribution

Paid time off

Professional development opportunities

Hybrid work model in Paarl

Descripción de la vacante

Placements24 is recruiting an Insurance Product Developer for its Paarl, Western Cape HQ. The role focuses on conceptualising, designing and launching competitive insurance products, working with actuarial, underwriting, legal and marketing teams to ensure profitability and compliance.

The ideal candidate has 4–6 years in insurance product development, strong analytical and project management skills, and a customer-centric approach. This hybrid role offers growth in a premium Winelands setting.

Formación

• 4–6 years of experience in insurance product development or related strategic role.
• Proven track record of launching new insurance products.
• Strong understanding of South Africa insurance principles and regulatory environments.
• Excellent analytical, strategic thinking and problem-solving skills.
• Exceptional project management and organizational abilities.
• Strong communication and interpersonal skills.
• Ability to work effectively in cross-functional teams.
• Passion for innovation and customer-centric product design.

Responsabilidades

• Research market trends, customer needs and competitor offerings to identify opportunities.
• Design and develop innovative insurance products, including policy features and pricing.
• Collaborate with actuarial teams on feasibility and profitability analyses.
• Work with underwriting to define risk appetite and guidelines.
• Ensure all new products comply with legal and regulatory requirements.
• Develop product launch plans with marketing and sales.
• Manage the product lifecycle from ideation to launch and review.
• Analyze performance and implement enhancements as needed.
• Prepare business cases and proposals for new initiatives.
• Maintain relationships with internal stakeholders across departments.

Conocimientos

Analytical thinking

Strategic thinking

Problem solving

Project management

Communication skills

Interpersonal skills

Cross-functional collaboration

Educación

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

Master's degree

Herramientas

Microsoft Office Suite

Product development tools

Descripción del empleo

About the Role

Our client, a leading innovator in the insurance sector, is seeking a creative and strategic Insurance Product Developer to join their headquarters in Paarl, Western Cape . This challenging role involves conceptualizing, designing, and launching new insurance products that meet market demands and drive business growth. You will collaborate closely with actuarial, underwriting, legal, and marketing teams to ensure products are competitive, profitable, and compliant. The ideal candidate will possess a deep understanding of insurance markets, product lifecycle management, and customer needs, coupled with strong analytical and project management skills. This is an excellent opportunity to shape the future of insurance offerings within a progressive company located in the picturesque Winelands region.

Key Responsibilities

• Research market trends, customer needs, and competitor offerings to identify opportunities for new insurance products.
• Design and develop innovative insurance products, including policy features, terms, and pricing structures.
• Collaborate with actuarial teams to conduct feasibility studies and profitability analyses.
• Work with underwriting to define risk appetite and guidelines for new products.
• Ensure all new products comply with legal and regulatory requirements.
• Develop product launch plans in coordination with marketing and sales teams.
• Manage the product lifecycle from ideation through development, launch, and ongoing review.
• Analyze product performance and implement enhancements or modifications as needed.
• Prepare business cases and proposals for new product initiatives.
• Maintain strong relationships with internal stakeholders across various departments.

Requirements

• A Bachelor's degree in Business, Finance, Marketing, Actuarial Science, or a related field.
• A Master's degree is a plus.
• Minimum of 4-6 years of experience in insurance product development, management, or a related strategic role.
• Proven track record of successfully launching new insurance products.
• Strong understanding of insurance principles, markets, and regulatory environments in South Africa.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Exceptional project management and organizational abilities.
• Strong communication, presentation, and interpersonal skills.
• Proficiency in Microsoft Office Suite and experience with product development tools.
• Ability to work effectively in cross-functional teams.
• A passion for innovation and customer-centric product design.

Benefits

• Our client offers a highly competitive remuneration package, including a substantial base salary and performance-related bonuses.
• The comprehensive benefits include excellent medical aid, a generous retirement fund contribution, and ample paid time off.
• Significant opportunities for professional development, training, and career advancement are provided.
• This role operates on a hybrid model, allowing for flexibility while fostering team collaboration in Paarl, Western Cape .