Insurance Product Developer

Placements24; Upington; Hybrid; ZAR 550,000 - 900,000; Full time

Benefits offered by this job

Executive bonus

Health insurance

Hybrid work

Professional development

Career growth

Job summary

Placements24 seeks an innovative Insurance Product Developer to join our client in Mahikeng, offering a hybrid work model. The role focuses on designing, launching, and refining insurance products to meet market demand and drive business objectives.

You will collaborate with actuarial, underwriting, marketing and sales teams, conduct market research, analyze competitors, and ensure regulatory compliance while driving product profitability and growth.

Qualifications

• Bachelor's degree in a relevant field as stated in the Requirements.

Responsibilities

• Research market trends and competitor activities to identify product opportunities.
• Design and develop new insurance products, including policy structures, features and pricing strategies.
• Collaborate with actuarial teams to ensure profitability and solvency.
• Work with underwriting and operations to define product rules and processes.
• Develop product launch plans and support marketing and sales efforts.
• Monitor product performance and implement improvements.
• Ensure all products comply with regulatory requirements and company standards.

Education

Bachelor's degree in Business/Marketing/Finance/Actuarial Science or related field

Job description

About the Role

Our client is seeking an innovative and strategic Insurance Product Developer to join their dynamic team in Mahikeng . This hybrid role focuses on designing, developing, and launching new insurance products and enhancing existing ones to meet market demands and achieve business objectives. You will conduct market research, analyze competitor offerings, and work cross-functionally with actuarial, underwriting, marketing, and sales teams. This is an exciting opportunity to shape the future of our client's product portfolio, contributing to their growth and competitive edge in the insurance sector, with the flexibility of a hybrid work model.

Key Responsibilities

• Research market trends, customer needs, and competitor activities to identify product opportunities.
• Design and develop new insurance products, including policy structures, features, and pricing strategies.
• Collaborate with actuarial teams to ensure product profitability and solvency.
• Work with underwriting and operations to define product rules and processes.
• Develop product launch plans and support marketing and sales efforts.
• Monitor product performance and implement improvements or adjustments as needed.
• Ensure all products comply with regulatory requirements and company standards.

Requirements

• Bachelor's degree in Business, Marketing, Finance, Actuarial Science, or a related field.
• Proven experience in insurance product development, management, or a related role.
• Strong understanding of insurance principles, market dynamics, and regulatory landscapes.
• Excellent analytical, strategic thinking, and project management skills.
• Effective communication and collaboration skills for cross-functional teams.
• Experience in a hybrid work environment is beneficial.

Benefits

• Highly competitive salary and executive bonus structure.
• Comprehensive health insurance and retirement savings plan.
• Hybrid work flexibility balancing office and remote work.
• Generous allowance for professional development and continuous learning.
• Significant opportunities for career growth and leadership within the organization.