Insurance Product Developer

Placements24; Pretoria; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive salary package

Performance-based incentives

Medical aid

Retirement savings

Remote work autonomy

Professional growth opportunities

Job summary

Placements24 is seeking an Insurance Product Developer to concept, design and launch new insurance products. The role is remote, servicing the Pretoria, Gauteng market, and collaborates with actuarial, marketing, legal and operations teams to ensure viable, compliant offerings.

The ideal candidate has 4+ years in insurance product development, strong analytical skills, and a passion for innovative product design. This role offers remote flexibility with regional impact.

Qualifications

• Bachelor's degree in Business, Marketing, Finance, Actuarial Science, or a related field.
• Master's degree is a plus.
• Minimum of 4 years of experience in insurance product development, management, or a closely related role.
• Strong understanding of insurance principles, product design, and regulatory frameworks in South Africa.
• Excellent analytical skills with the ability to interpret complex data and market research.
• Creative thinking and a passion for innovation in product design.
• Proven ability to manage projects effectively and collaborate with diverse teams.
• Outstanding written and verbal communication skills, with the ability to present ideas clearly and persuasively.
• Proficiency in project management tools and standard office software.
• Experience with market analysis and customer segmentation techniques.
• Self-motivated and capable of working autonomously in a remote setting.

Responsibilities

• Identify market opportunities and customer needs through research, data analysis, and competitor benchmarking.
• Design and develop innovative insurance product concepts, features, and pricing structures.
• Collaborate with actuarial teams to ensure viability, profitability, and regulatory compliance.
• Define product positioning, value propositions, and go-to-market strategies with marketing and sales.
• Coordinate with legal and compliance to meet regulatory requirements for products.
• Manage the product development lifecycle from ideation to launch and post-launch evaluation.
• Develop product documentation, training materials, and sales collateral.
• Monitor product performance and identify areas for improvement or modification.
• Stay abreast of industry trends, regulatory changes, and technological advancements in insurance.
• Present product proposals and strategies to senior management for approval.

Skills

Creative thinking

Analytical skills

Project management

Communication skills

Cross-functional collaboration

Education

Bachelor's degree in Business or related field

Master's degree

Job description

About the Role

Our client, a leading insurance innovator, is seeking a creative and analytical Insurance Product Developer to join their team, based remotely but serving the Pretoria, Gauteng market. This role is instrumental in conceptualizing, designing, and launching new insurance products that meet evolving market demands and customer needs. The Product Developer will collaborate with cross-functional teams, including actuarial, marketing, legal, and operations, to ensure successful product development and implementation. This is a unique opportunity for a strategic thinker to shape the future of insurance offerings from the comfort of their own location.

Key Responsibilities

• Identify market opportunities and customer needs through research, data analysis, and competitor benchmarking.
• Design and develop innovative insurance product concepts, features, and pricing structures.
• Collaborate closely with actuarial teams to ensure product viability, profitability, and compliance.
• Work with marketing and sales teams to define product positioning, value propositions, and go-to-market strategies.
• Coordinate with legal and compliance departments to ensure all products meet regulatory requirements.
• Manage the product development lifecycle from ideation to launch and post-launch evaluation.
• Develop product documentation, training materials, and sales collateral.
• Monitor product performance and identify areas for improvement or modification.
• Stay abreast of industry trends, regulatory changes, and technological advancements in insurance.
• Present product proposals and strategies to senior management for approval.

Requirements

• A Bachelor's degree in Business, Marketing, Finance, Actuarial Science, or a related field.
• A Master's degree is a plus.
• Minimum of 4 years of experience in insurance product development, management, or a closely related role.
• Strong understanding of insurance principles, product design, and regulatory frameworks in South Africa.
• Excellent analytical skills with the ability to interpret complex data and market research.
• Creative thinking and a passion for innovation in product design.
• Proven ability to manage projects effectively and collaborate with diverse teams.
• Outstanding written and verbal communication skills, with the ability to present ideas clearly and persuasively.
• Proficiency in project management tools and standard office software.
• Experience with market analysis and customer segmentation techniques.
• Self-motivated and capable of working autonomously in a remote setting.

Benefits

• Competitive salary package, reflecting your expertise and the remote nature of the role.
• Performance-based incentives and bonuses.
• Comprehensive benefits package including medical aid and retirement savings.
• Significant opportunities for professional growth and development in product innovation.
• The flexibility and autonomy of a fully remote position.
• Opportunity to work with a cutting-edge insurance provider impacting the Gauteng region.
• Access to the latest industry tools and technologies.